This year, at least since March for obvious reasons, has been a wipe-out for Financial Planner events culminating in the postponement of the Personal Finance Society’s much-anticipated Festival of Financial Planning. Calling off the event makes sense, however, disappointing it will be for attendees. Last time the event took place at the NEC in 2018 […]
Archives for July 2020
Xero ready for UK VAT change
The chancellor recently announced a temporary cut in the VAT rate from the standard 20% to the reduced rate of 5% for certain supplies in the hospitality and tourism sector. The aim of the change is to boost the economy and encourage consumer spending in the sector. We’re pleased to say that we’ve already got […]
ETtech Top 5: Zomato’s FY20 numbers, Coinbase IPO & more
Food ordering app Zomato revealed its financials for the year ended March 2020, besides offering a glimpse of how Covid-19 pandemic has impacted its business. Meanwhile, thirst traps, a new Internet trend, is gaining traction among Gen Z Indian women. Zomato’s FY20 performance Zomato said that its revenue had more than doubled to $394 million […]
Flipkart adds ‘country of origin’ tag for select product listings
Ecommerce marketplace Flipkart has begun displaying the ‘country of origin’ on select product listings. This comes even as the government has yet to fix a deadline by when online platforms need to mandatorily display such information. Flipkart, owned by US-based retail behemoth Walmart Inc, is believed to be the first large e-commerce platform to start […]
Re:start – creating the right mindset, toolset and skillset to rebuild South Africa’s economy
Last week we hosted our Re:start 2020 digital series for accountants and bookkeepers in South Africa. It was great to see so many of our community come together over the three days – with almost 1,000 of you joining us each day! It’s been a challenging few months for everyone, but the accounting industry in […]
Xero calls on UK Small Business Minister for digital campaign to accelerate SME recovery
Small businesses have been facing one of the biggest economic challenges in history. As the economy starts to reopen and small firms look to rebuild, closing the digital divide will be essential in helping SMEs bounce back more quickly. It was this message that our UK managing director, Gary Turner emphasised this week during an […]
Accounting estimates and disclosures addressed in new auditing standard – Journal of Accountancy
In a new standard issued Friday, the AICPA Auditing Standards Board provides requirements and guidance to auditors for auditing accounting estimates, which often is one of the most challenging areas a practitioner faces during an engagement. Statement on Auditing Standards (SAS) No. 143, Auditing Accounting Estimates and Related Disclosures, is designed to: Enable auditors to […]
Accounting estimates and disclosures addressed in new auditing standard
In a new standard issued Friday, the AICPA Auditing Standards Board provides requirements and guidance to auditors for auditing accounting estimates, which often is one of the most challenging areas a practitioner faces during an engagement. Statement on Auditing Standards (SAS) No. 143, Auditing Accounting Estimates and Related Disclosures, is designed to: Enable auditors to […]
Whats Poppin
Emerging market stocks are up 16% since the beginning of June, versus a 5% rally for Europe and just 3% for the S&P 500. It’s a very short time frame and not particularly meaningful for most investors, but could it be the start of something larger? China, Japan and most European countries have handled their […]
Zomato revenue more than doubles to $394 million, losses stand at $293 million
Illustration: Rahul Awasthi Online food-ordering platform Zomato said on Friday that revenue for the financial year ended March 31 more than doubled to $394 million, even as losses widened to $293 million from $277 million in the previous fiscal year. The restaurant discovery platform is on track to recover 60% of its monthly revenue in […]