The investor should not hurry to sell just because the price has fallen. However, selling remains an option. In regard to selected Ugandan equities, Uganda Clays appears to be an outlier with huge swings at both ends of the continuum. Nonetheless, lets pay attention to stocks that had consecutive decline... Read More
The green colored bars (Year-end 2015) show how the share price changed between end of 2014 and end of 2015. Bars to the right of the vertical PURPLE line (the 0% line) imply an increase in the stock price. Those to the left mean reduction in stock price. Most of... Read More
The Institute of Certified Public Accountants of Uganda (“ICPAU) was established in 1992 by an Act of Parliament, now the Accountants Act, 2013. The functions of the Institute, as prescribed by the Accountants Act, are: To regulate and maintain the standard of accountancy in Uganda. To prescribe and regulate the... Read More
What is the objective of IFRS9? The objective of the International Financial Reporting Standard (IFRS9) is to establish principles for the financial reporting of financial assets and financial liabilities that will present relevant and useful information to users of financial statements for their assessment of the amounts, timing and uncertainty... Read More
J. Samuel Richards & Associates – one of the approved Uganda tax agents for 2018 Quote from Uganda Revenue Authority (URA) official website (www.ura.go.ug) – “In its maiden vetting meeting, the Tax Agents Registration Committee (TARC) has approved 289 Tax Agents’ applications. Following the approval, the agents will effective January... Read More
Strategy is a cool word. People like to use it. It leaves a good impression with your audience when you talk about ‘strategy‘. But strategy is probably the most over and misused word in business. And we often have the impression that the more someone uses the word ‘strategy’ in a... Read More
Running a business brings a host of risks, which need to be managed effectively. The basic purpose of risk management is to help make sure that the organization is protected against internal risks such as credit risks, financing risks, legal risks, reputation risks and operational risks, as well as against... Read More
In January 2017, the second-largest bank acquisition took place in Uganda. We anticipate that more mergers and acquisitions are looming in the Ugandan financial services industry. To this end, JSR provides herein a matrix of risks that participants in the deal should consider in the due diligence. For further clarity,... Read More
JSR has implemented the automation of its audit/assurance processes through the acquisition of the DraftWorx software – affordable and renown solutions for achievement of IFRS and ISA compliance. The software provider can be visited at www.dataprime.co.za and JSR is pleased that the solutions will yield benefits for the firm and its clients.... Read More
In 2016, J.SR Consulting Limited completed the compilation of financial statements for the years 2009-2015 for a Government-owned textile manufacturer. There was a huge backlog of accounts that had not yet been audited by the Office of the Auditor General. The new Board of Directors tasked J.SR Consulting Limited to... Read More