Zim firms comply with global accounting policies

Zim firms comply with global accounting policies
Published: 29 August 2017
Zimbabwe's companies are now fully compliant with global accounting principles in their financial statements thereby providing opportunities for increased investments in the economy.

Institute of Chartered Accountants in Zimbabwe president, Mr Martin Makaya said the global principles are important in ensuring transparency.

"There are really embracing such policies for the benefit of this economy," he said.

An industrialist, Mr Cephas Mawushe said the global standards are also important in ensuring industry as well as banks increase value for their shareholders.

"What is just needed is the real platform to boost returns and viability in the future," said Mr Mawushe.

The global accounting principles also provide an opportunity for local firms, industries and banks to increase their external market portfolios.

"It is all about what is needed and what can be done to embrace the situtation," added Mr Mawushe.

The just released half year audited financial statements also indicate firms, industries and financial institutions are embracing the global accounting policies. 
- zbc
Tags: Accounting,


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