scholarly journals Analysing annual financial statements of public ordinary secondary schools in the Tshwane north district, South Africa

2015 ◽  
Vol 4 (3) ◽  
pp. 250-258
Author(s):  
Elizabeth Doussy ◽  
Frank Doussy
Keyword(s):  
South Africa ◽  
Secondary Schools ◽  
South African ◽  
Financial Statements ◽  
Poor Quality ◽  
The South ◽  
Positive Role ◽  
Accounting Practice ◽  
South African Schools Act

This paper presents the results from an analysis of the annual financial statements of public ordinary secondary schools in the Tshwane North District, South Africa. The analysis was done to assess the quality of these annual financial statements as well as the apparent usefulness thereof for the parents of the learners in the school. These users are probably most concerned with the quality and usefulness of information presented to them for providing the necessary assurance that the funds received by the school are properly accounted for and used to the advantage of their children. The results suggest that assurance in this regard is lacking as audits are not done at all, or are of an extremely poor quality. The quality of the financial statements is also poor, with scant regard for Generally Accepted Accounting Practice or the South African Schools Act. Urgent intervention from the Education Departments is needed to ensure that the South African Schools Act is adhered to and that proper audits are conducted by suitably qualified accountants and auditors. The South African Institute for Chartered Accountants (SAICA) should also play a more positive role in this regard by ensuring that audit practices are enforced and quality annual financial statements are presented.

scholarly journals Openbaarmaking van belastinginligting in die finansiële verslae van maatskappye: Vereistes, riglyne en mate van voldoening

2002 ◽  
Vol 10 (1) ◽  
pp. 187-208
Author(s):  
M. Stiglingh ◽  
J.F.M. Kotzé
Keyword(s):  
South Africa ◽  
South African ◽  
Financial Statements ◽  
The South ◽  
Financial Reports ◽  
South African Institute ◽  
Accounting Practice ◽  
Chartered Accountants

The purpose of this study was to determine the requirements and guidelines for the disclosure of taxation information in the financial reports of South African companies in order to determine the extent to which leading South African companies comply with these requirements and guidelines. It was determined that there are comprehensive requirements and guidelines in respect of the disclosure of taxation information in the financial reports of South African companies. These requirements and guidelines are regulated by the Companies Act, No. 61 of 1973, as well as the statements of Generally Accepted Accounting Practice that are issued by the South African Institute of Chartered Accountants. The analyses undertaken of the financial statements of the selected companies indicate that leading companies in South Africa comply to a large extent with the requirements and guidelines for the disclosure of taxation information in financial reports.

scholarly journals Accounting practitioners’ views on the proposed “Micro GAAP”: A South African perspective

2011 ◽  
Vol 4 (2) ◽  
pp. 257-274 ◽  
Author(s):  
Hentie A. Van Wyk ◽  
Cobus Rossouw
Keyword(s):  
South Africa ◽  
South African ◽  
Financial Reporting ◽  
Financial Statements ◽  
General Purpose ◽  
The South ◽  
Reporting Framework ◽  
Accounting Practitioners ◽  
African Perspective

Even though the IFRS for SMEs does provide some relief in respect of the financial reporting burden for non-public entities, there still seems to be a need for an even lower level of financial reporting. In recent years South Africa embarked upon the development of a financial reporting framework for non-public entities and various versions of this so-called micro GAAP have been issued. However, the Accounting Practices Board raised some concerns about the then proposed micro GAAP. This article highlights the South African accounting practitioners’ views from different professional bodies on micro GAAP. They generally believe that micro GAAP will represent fair presentation and that the financial statements prepared under micro GAAP can still be regarded as general purpose financial statements. Furthermore, the majority of accounting practitioners believe that there is a definite need for a third tier of financial reporting in South Africa and indicated their preference of which entities may apply micro GAAP. Legal backing of micro GAAP is also considered appropriate by the practitioners.

scholarly journals Present challenges and some critical issues for research in industrial/organisational psychology in South Africa

2007 ◽  
Vol 33 (1) ◽  
Author(s):  
S Rothmann ◽  
FVN Cilliers
Keyword(s):  
Quality Of Life ◽  
South Africa ◽  
Economic Development ◽  
South African ◽  
South African Context ◽  
Health And Wellness ◽  
The South ◽  
Critical Issues ◽  
African Context

The objective of this study was to determine a set of problems and critical issues that researchers in Industrial and Organisational Psychology deem to be important areas for immediate and future enquiry. The changing identity of this field of application is investigated, more relevant paradigms in the study of organisational health and wellness is explored and methods, techniques and interventions suitable to the South African context are suggested. Conclusions are formulated to increase the ability of organisations to work towards economic development, while promoting the wellness and quality of life of employees.

scholarly journals Skilled labour supply in the South African construction industry: The nexus between certification, quality of work output and shortages

2016 ◽  
Vol 15 ◽  
Author(s):  
Abimbola O. Windapo
Keyword(s):  
South Africa ◽  
Construction Industry ◽  
South African ◽  
Labour Supply ◽  
Work Output ◽  
The South ◽  
High Quality ◽  
Skilled Labour ◽  
Quality Of Work

Orientation: Construction human resource management.Research purpose: The study examines the skilled labour supply in the South African construction industry and determines whether there is a relationship between trade certification, quality of work output and scarce labour skills.Motivation for the study: The rationale for the investigation is based on the view of scholars that a skilled labour shortage is preponderant in the South African construction industry even though there is a high level of youth unemployment in South Africa and that the perceived skills shortage contributes to a decrease in productivity and product quality.Research design, approach and method: The paper reviews relevant literature and employs a mixed method research approach in collecting empirical data from contracting companies within the Western Cape Province of South Africa that are listed on the Construction Industry Development Board contractor register.Main findings: The study demonstrated that there is no shortage of manpower, but there is a shortage of qualified or skilled tradesmen, such as electricians, plumbers, welders, fitters and carpenters, whose professions are more technical and require formal training and certification. The level of supply of skilled tradesmen is attributed to the lack of high-quality basic education, the state of the economy, compulsory certification of tradesmen and an ageing workforce. It was also found that there is a significant relationship between skilled labour shortages and the requirement that labour be certified and that work output is unsatisfactory when there is no certification requirement.Practical/managerial implications: Based on these findings, the study concludes that skilled labour shortages and poor work output quality continue to be experienced in the South African construction industry when workers are unable to obtain formal certification for informal work experience acquired through years of practice on construction sites.Contribution: It is recommended that the South African government establish proactive strategies in the form of a framework for use in evaluating, certifying and grading the informal expertise acquired by workers through years of practice. This recommendation seeks to ensure that the supply of certified craftsmen capable of undertaking and producing high-quality construction work meets demand.Keywords: Artisans; Education; Experience; Expertise; Practice

scholarly journals The influence of social media service quality on client loyalty in the South African banking industry

2019 ◽  
Vol 19 (1) ◽  
Author(s):  
Bramwell K. Gavaza ◽  
Kim L. Viljoen ◽  
Liezel Cilliers
Keyword(s):  
South Africa ◽  
Social Media ◽  
Service Quality ◽  
South African ◽  
The Body ◽  
The South ◽  
The Social ◽  
Social Media Service ◽  
The Impact

Orientation: The impact and growth rates of Facebook and other forms of social media have made it imperative for all businesses to ensure they have social media strategies in place.Research purpose: The purpose of this study was to measure the influence of social media service quality on client loyalty in the South African banking industry.Motivation for the study: There are limited studies conducted in developing countries such as South Africa that focused specifically on the social media service quality and client loyalty in the banking industry.Research design, approach and method: The study used a quantitative approach and a descriptive research design to test the proposed hypotheses. An online survey on Facebook was used to collect the data from a sample of 377 respondents who had interacted with the five major banks in South Africa on the said platform. A snowball sampling technique was used to identify the appropriate respondents. The data was analysed with Structural Equation Modelling (SEM) to assess the model fit.Main findings: Findings of the research study proved that the social media system’s availability, fulfilment and privacy have a significant influence on the overall service quality of social media, which leads to client loyalty in the South African banking industry.Practical/managerial implications: The study recommended that managers and marketers should constantly evaluate, monitor and improve the overall service quality of social media offered to their clients, as it leads to a corresponding increase in client loyalty in the South African banking industry.Contribution/value-add: The study provided empirical evidence, which contributed to the body of business and marketing knowledge in a South African banking context.

scholarly journals Factors influencing the implementation of the auditor general’s recommendations in South African municipalities

2020 ◽  
Vol 8 (1) ◽  
Author(s):  
Lesedi S. Matlala ◽  
Dominique E. Uwizeyimana
Keyword(s):  
South Africa ◽  
Local Government ◽  
South African ◽  
Progress Monitoring ◽  
Empirical Studies ◽  
The South ◽  
Literature Study ◽  
Factors Influencing ◽  
Auditor General

Background: The establishment of democratic local government in South Africa in 2000 decentralised the decision-making powers from the centre to the periphery. Municipalities are accountable for their own financial preparation and the planning of their budgetary processes. Notwithstanding the enormous investment in terms of resources, empirical studies and municipal audit reports revealed that most of the South African municipalities were not taking corrective action on the issues of irregularities raised in prior year audits; hence, some of the weaknesses and problems remained unresolved or were recurring yearly.Objectives: To identify and discuss the factors that influence municipalities’ failure to implement audit recommendations given by the Auditor General of South Africa (AGSA) efficiently and effectively.Methods: The research methodology used in this study was mainly qualitative and relied heavily on robust literature study and the review of key official documents, such as reports on local government performance.Results: The main findings of this study are that factors influencing implementation of audit recommendation include availability of resources and time, lack of audit action monitoring processes, absence of authority, staffing problems and sometimes the poor quality of audit recommendations.Conclusion: To deal with these problems, the study recommends a number of practical strategies. These include regular progress monitoring, improving the quality of the AGSA’s recommendations and the amendment of the Public Audit Act to empower the auditor general. Most importantly, the study recommends the establishment of a monitoring and evaluation (ME) unit to regularly track progress for proper implementation of audit recommendations in the South African municipalities.

Key quality attributes of design documentation: South African perspective

2019 ◽  
Vol 17 (2) ◽  
pp. 362-382
Author(s):  
Emmanuel Akampurira ◽  
Abimbola Windapo
Keyword(s):  
South Africa ◽  
South African ◽  
Construction Projects ◽  
Quality Attributes ◽  
Poor Quality ◽  
Valuable Insight ◽  
Content Type ◽  
Design Documentation ◽  
Design Documents

PurposeThe poor quality of design documentation has been identified as a significant contributor to delays, rework and cost overruns on construction projects in South Africa. Despite this, limited research has been undertaken to specifically investigate the quality of design documentation. This in turn hampers efforts aimed at improving the quality of the design documents. The aim of this study is to identify the key quality attributes of design documentation and determine the extent to which the design documents issued on South African construction projects are perceived to incorporate the quality attributes.Design/methodology/approachA survey questionnaire was distributed among civil engineering design consultants and contractors in the South African construction industry. Responses to a total of 120 completed questionnaires were statistically analysed. The relative importance and extent of incorporation of the quality attributes was determined based on the mean scores.FindingsIt emerged from the study that the two key quality attributes of design documentation were legibility and coordinated design documentation. Attributes with the least importance were relevancy and certainty. Regarding the incorporation of the quality attributes, the design documents were rated highly with respect to their legibility and clarity. The quality of the documentation was deemed inadequate in terms of accuracy and certainty.Practical implicationsThe findings provide valuable insight to stakeholders involved in developing initiatives aimed at improving the quality of design documentation and as a result construction project performance.Originality/valueThe study provides empirical evidence and extends the literature on design documentation quality especially from the perspective of South Africa, a developing country.

scholarly journals Quality Education And The Impact Of Public And Independent Schools Writing The National Senior Certificate

2013 ◽  
Vol 13 (1) ◽  
pp. 157
Author(s):  
Nelda Mouton ◽  
Gert L. Strydom
Keyword(s):  
South Africa ◽  
Public Schools ◽  
South African ◽  
Independent Schools ◽  
National Curriculum ◽  
Radical Change ◽  
Quality Education ◽  
The South ◽  
South African Schools Act ◽  
The Impact

A new education curriculum for a new democratic dispensation was welcomed and unavoidable in South Africa after the first democratic election in 1994. The main reason for this radical change within education was that policymakers needed to move away from the apartheid curriculum with all its attendant political baggage and address the laudable outcomes of skills, knowledge and values for purposes of achieving social justice, equality and development. Within this curriculum, the South African Schools Act (Act 84 of 1996) recognises two broad categories of schools public and independent schools. All public schools follow the National Curriculum Statement (NCS) and independent schools have the freedom to choose which curriculum and which examination body they want their learners to write, as long as the examining body is recognised by Umalusi. This article will reflect on the quality of education provided in schools by analysing the roles and impact of public and independent schools writing the National Senior Certificate in South Africa. It is important, in this context, to provide a historical overview of the background of examination bodies that have impacted on the South African school system. It is also deemed necessary to reflect on and discuss the public and independent school sector by focussing on factors influencing the logistical orientation of these sectors as well as reflecting on indicators influencing the Grade 12 examination. After analysing these factors and reflecting on issues that influence quality education in South Africa, recommendations will be made in an effort to contribute to the improvement of the standard of education in South Africa.

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