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GLOSSARY


What is a cashflow statement 02 Feb 2023    •    C Cash flow statements provide visibility of upcoming costs and regular outgoings so you can understand the financial health of your business.

What is Capital? 02 Feb 2023    •    C Capital is anything that gives its owner value or advantage, such as a factory, patents, or financial assets.

What is Cost Accounting? 02 Feb 2023    •    C Cost accounting is a type of managerial accounting that focuses on the cost structure of a business. It assigns costs to products, services, processes, projects and related activities.

What is Cashflow Management? 02 Feb 2023    •    C Managing cash flow is important for all businesses, whether they are small startups or large corporations. It is crucial for success.

What is a Chart of Accounts? 02 Feb 2023    •    C A Chart of Accounts (COA) is an Index of all the accounts in the general ledger of a company.

What are Cost of Goods Sold (COGS)? 02 Feb 2023    •    C What are COGS? Otherwise known as cost of sales

How to calculate COGS? 02 Feb 2023    •    C How to calculate COGS?

What is a Commercial Invoice? 02 Feb 2023    •    C A commercial invoice is legal proof that a transaction took place for example, in export and import documentation.

What are current assets 02 Feb 2023    •    C Currents assets are assets that can be realized in the next 12 months generally collectable with the next financial year.

What is the difference between current and fixed assets 02 Feb 2023    •    C Current assets are short-term assets that are typically used up in less than one year.

What Are Current Liabilities and how to calculate it 02 Feb 2023    •    C Current liabilities are the company's short-term financial obligations that are due within one year or within its normal operating cycle.

What is the difference between Current and Non-current liabilities 02 Feb 2023    •    C Current liabilities include short term debts, income taxes dye, accounts payable Non-current liabilities are due in more than one year (longer than 12 months) and most often include debt repayments.

What is COIDA - Workmen's Compensation Fund 18 Mar 2023    •    C What is Coida? COIDA is a Fund that is governed by the Compensation for Occupation Injuries and Diseases Act (COIDA) of 1993.

What is a Capital Expense 01 Apr 2023    •    C Capital expenditures (CapEx) are funds used by a company to acquire or upgrade physical assets such as property, buildings, or equipment.

CIPC eServices - what you need to know 06 Apr 2023    •    C The Companies Act of 2008 of South Africa established CIPC South Africa, also known as Companies and Intellectual Property Commission to effectively enforce the provisions of the companies act.

What is the Companies Act 10 Aug 2023    •    C The Company Act provides for the registration, organisation and management of companies

What is a Close Corporation 08 Sep 2023    •    C A CC is a limited liability entity where it has its own legal personality and the ability to continue into perpuity. CCs are governed by the Close Corporation Act 69 of 1984.

What is a Cooperative 10 Oct 2023    •    C A cooperative is controlled by their members who are a group of people who own and control the organization together.

What is Customs Clearance 29 Nov 2023    •    C Customs clearance is the process of declaring goods to Customs authorities when entering or leaving a country.

What is Company Tax 30 Dec 2023    •    C Corporate taxes in South Africa is currently 27% for tax years end after 31 March 2023 (prior to this it was 28%).

Creditors Meaning and the Creditors Ledger 16 Feb 2024    •    C A creditor or lender is a party that has a claim on the products or services rendered to a second party. A creditors ledger records these transactions.

What are Cash Equivalents in Financial Statements 24 May 2024    •    C Cash equivalents are assets that a business invests in short-term securities to earn interest. These securities can include stocks, bonds, treasury bills, commercial paper, or other known securities.

What is Capital Gains Tax 25 May 2024    •    C Capital gains tax (CGT) is not a separate tax but forms part of income tax. A capital gain arises when you dispose of an asset on or after 1 October 2001 for proceeds that exceed its base cost.