TKR will touch upon many topics including how much money you need to save, what types of accounts you need, the kind of insurance you should have (including long-term care, term, disability, and more) as well as estate and tax planning topics.
Advisory Services practice comprises of a dedicated team providing accounting and financial reporting advice and support to member firms audit and non-audit clients on a wide range of transactions and events, including adherence to new or revised accounting standards and effective management of the financial reporting processes, to support through an IPO process.
Management accounting focuses on the measurement, analysis, and reporting of information that can help managers in making decisions to fulfill the goals of an organization. In management accounting, internal measures and reports are based on cost-benefit analysis and are not required to follow the generally accepted accounting principle (GAAP).
Tax accounting in South Africa concentrates on the preparation, analysis, and presentation of tax payments and tax returns. The tax system requires the use of specialised accounting principles for tax purposes which can differ from the generally accepted accounting principles (GAAP) for financial reporting. The law covers four basic forms of business ownership: sole proprietorship, partnership, corporation, and limited liability company.
Depending on its size, a company may be legally required to have their financial statements audited by a qualified auditor, and audits are usually carried out by accounting firms.