Tax Reforms Introduced By The Gambia In The 2025 National Budget
The Gambia’s 2025 national budget introduces a series of fiscal revenue reforms designed to modernize the country’s tax system, which is to expand the tax base and ensure equity in its fiscal policies. This detailed analysis explores key changes, including revised personal income tax thresholds, expanded withholding taxes, rental income tax, and groundbreaking measures targeting the digital economy and non-resident suppliers.
5 Critical Skills to be an Effective Modern Accountants
To succeed as a modern accountant, a vastly different set of skills are required than just number crunching and reporting. Moreover, with technological advancements like machine learning, artificial intelligence and blockchain, things are likely to change even more dramatically in the next decade as the world continues to evolve. In a 2012 benchmark study of […]
Sustainability: How CFOs Can Drive ESG Initiatives
Today’s corporate landscape is witnessing a significant shift in perspective as businesses increasingly acknowledge the importance of sustainability, known as Environmental, Social, and Governance (ESG) factors. ESG takes a comprehensive approach to assessing a company’s impact on the environment, society, and governance practices. It includes various aspects such as carbon emissions, labour standards, diversity, and […]
Strategic Finance Business Partnering
The role of a modern finance professional is more than sending reports to other stakeholders or crunching numbers. The business team expect finance professionals to take active participation in the management of the business. Soft skills have become a must-have for finance business partners. How does Finance participate in the business, what skills do we need? […]
Professional Growth and Ethics At Workplace for Young People
Most often, people use terminologies or phrases like professionalism, ethical behaviour (or unethical behaviour) etc., at home, in schools, at workplaces and professional settings or forums. But what do we mean by ethics and professionalism, in general? What comes to our mind when these terms are mentioned? Many of us will agree that ethics generally […]
Notes – ACCA Africa Members Convention – Evolution
With over 800 delegates from 38 countries, the ACCA Africa Members Convention may be the biggest gathering of accountants in the continent. Kigali Convention Centre in Rwanda was the host of the 2019 convention between 09th to 11th December 2019. The convention was jam-packed with multiple plenaries and breakout sessions relating to the evaluation of […]
The Impact of IFRS 16 on Financial Statements
IFRS 16 is effective for annual reporting periods beginning on or after 1 January 2019, with earlier application permitted (as long as IFRS 15 is also applied). What is IFRS 16 The objective of IFRS 16 is to faithfully represent lease-based transactions and support users assessment of cash flows arising from leases. The standard requires […]
XLOOKUP Replaces VLOOKUP in Excel 2019
It is often common that users refer to different tables or sources during entry in Excel. For instance, Product Sales report would refer to the product price list using unique product code. This referencing ensures fast data entry and minimize error. If you are a novice user, you probably know VLOOKUP as use Excel function […]
