Goldgate Certified Public Accountants

Goldgate Certified Public Accountants

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TALLY.ERP9 & QUICKBOOKS BUSINESS FINANCIAL ACCOUNTING SYSTEM. BE SMART, HAVE YOUR BUSINESS AT YOUR FINGER TIPS. WE PROFESSIONALLY OFFER AN INTEGRATED BUSINESS GROWING SOLUTION TO OUR ESTEEMED CLIENTS. VIRGIN WORLD CONSULTING GROUP:
Offers Professional Business Solutions in the fields of business management, Financial Accounting,Inventory Management System, ICT, computer, Providing Real Business Solutions. SUPPORT SERVICES:
• Tally & QuickBooks Accounting System Installation,
• Tally & QuickBooks Accounting System Implementation,
• Tally & QuickBooks Accounting System Support,
• Tally & QuickBooks Accounting System Data Error Rectification
• Tally & QuickBooks Accounting System Configuration,
• Tally & QuickBooks Accounting System Customization
• Tally & QuickBooks Accounting System License Renewal
• Tally & QuickBooks Accounting System Report Generation
• Tally & QuickBooks Accounting System Training
• Tally & QuickBooks Accounting System Networking
• Tally & QuickBooks Accounting System Data entry
DIFFERENT TALLY BUSINESS MANAGEMENT MODULES FOR:
• Tally & QuickBooks Accounting for general trading
• Tally & QuickBooks Accounting for service industry
• Tally & QuickBooks accounting for manufacturing & processing
• Tally & QuickBooks Accounting for Academic institutions
• Tally & QuickBooks Accounting for Hospitals
• Tally & QuickBooks Accounting for Hotels
• Tally & QuickBooks Accounting for Restaurants, clubs,
• Tally & QuickBooks Accounting for transporters, tours, clearing firms, insurance, Forex bureaus, etc.
• Tally & QuickBooks Accounting for NGOs
• Tally & QuickBooks Accounting for SACCO
• Tally & QuickBooks for your kind of business, tell us about it.
THE UNIQUE BEST FEATURES ABOUT TALLY.ERP9
• Get to know your entire business details on your fingertips
• Access entire detailed accounts of your, shareholders, creditors, debtors, banks accounts, fixed assets,
• Have a detailed drill down of all your reports to the source document • Different security levels and access rights for different users
• Access your company data and work remotely from wherever you are in the world with scripted security access feature.
• Use the most user friendly accounting system with known headaches.
• Export all your accounting reports to excel, word PDF other accounting packages. • Get your assets register. • Manage your payroll appropriately.
• Move from one financial year to another automatically
• Get your bank reconciliation report with ease.
• Special & Unique customization.
• Are you running a group of companies, have a holding group company environment integrating all your group reports.
OTHER BUSINESS SOLUTIONS
We professionally Help & provide guidance on:
• Company registration
• NGO registration
• Partnership registration
• Sole Proprietorship registration
• Clubs & Associations registration
• SACCO registration
• Entire Business Financing in case of finance running low
• Business Concept & Idea formulation
• Accounts Department Outsourcing
• Tax returns preparations & consultancy on: VAT, PAYE, NSSF, and KCCA
• Processing of legal documents like passport, work permit, driving license, Visa
• Business Data Entry & Financial Reports Generation
• Business & private Financing
• Business Concept & Idea formulation
• Accounts Department Outsourcing
• Helping you in processing of legal documents like passport, work permit, driving license, Visa • Entire Business Management
• Entire Business Financing
• Business Concept & Idea formulation
• Accounts Department Outsourcing
• Auditing Services
OUR IT DEPARTMENT WILL OFFER YOUR BUSINESS SOLUTIONS ON;
• Computer Networking, Fixed, Wireless, Remote access
• Sales branded quality office machines: Desktops, Laptops, Printers, Scanners, Photocopiers 24. •Telephone installation in offices & homes
• Computer Repair & Maintenance
• Business Software development
• Company data total recovery
• Security systems: CCTV Security Cameras, Bio metric property access security systems • Website Designing, Hosting & Maintenance
TRAINING: BEST COMPREHENSIVE COMPUTER, ICT, IT TRAINING CENTRE
• Introduction to computer, MS Office, Word, Excel, Access, Power Point, Publisher
• Computer Networking
• Computer Maintenance
• Software Development
• Website Development & Maintenance
• Graphics Designing • Architecture
Auto CAD TRAINING IN BUSINESS FINANCIAL ACCOUNTING SYSTEMS
• Tally & QuickBooks Accounting
• QuickBooks Accounting
• Sage Pastel Accounting
• SAP Business Management Accounting
• Navision Accounting
Please Contact us at:
GEMROCK NETWORKS LTD
P.O. Box 8756 Kampala Plot 10 Entebbe Rd., Kampala City Center
Email: [email protected]
Tel: (+256) 772 502310 (whatsapp) 702 620062 (whatsapp) 200 901991
To provide effective service delivery to our clients, we have support centers in different towns & cities:
KAMPALA | MBARARA | JINJA | ARUA | MBALE | KASESE | GULU | MASAKA | FORT PORTAL | TORORO | ENTEBBE | BUSHENYI | LIRA | HOIMA | RUKUNGIRI | KIGALI| JUBA | BUJUMBURA | GOMA | LUBUMBASHI | KINSHASA | NAIROBI | DAR-SALAAM I BUTEMBO I BUNIA I KISANGANI

Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Goldgate Certified Public Accountants, Business Center, Plot 12 Luwum Street,City centre Complex,3rd floor, Kampala.

02/12/2011

Revised Revenue Recognition Proposal Unveiled


FASB on Monday released a revised exposure draft on the financial reporting requirements for recognizing revenue from contracts with customers.

The proposed standard, which was released for public comment jointly with the International Accounting Standards Board (IASB), makes a number of changes to a joint ED issued in June 2010 (see "Big Changes Proposed for Revenue Recognition").

The boards said in a press release that they “further refined their original proposals” following review of nearly 1,000 comment letters on the 2010 ED and extensive outreach activities.

The revisions to the ED appear to address many of the concerns raised in a December 2010 comment letter (see “AICPA: Revenue Recognition Proposal Impractical,”) by the AICPA’s Financial Reporting Executive Committee (FinREC) that also urged to boards to re-expose and redeliberate the proposals.

The boards said they decided to re-expose the proposals because of the “importance of the financial reporting of revenue to all entities and the boards’ desire to avoid unintended consequences arising from the final standard.”

“The core principle of this revised proposed standard is the same as that of the 2010 exposure draft: that an entity would recognize revenue from contracts with customers when it transfers promised goods or services to the customer,” the boards said.

But the boards added guidance on how to determine when a good or service is transferred over time; simplified the proposals on warranties; simplified how an entity would determine a transaction price (including collectibility, time value of money and variable consideration); modified the scope of the onerous test to apply to long-term services only; added a practical expedient that permits an entity to recognize as an expense costs of obtaining a contract (if one year or less); and provided exemption from some disclosures for nonpublic entities that apply U.S. GAAP.

The 221-page proposal contains 26 examples of how the revised requirements would work.

If adopted, the proposed standard would replace the guidance on revenue recognition in Topic 605 of the FASB Accounting Standards Codification. In IFRS, it would replace IAS 18 Revenue, IAS 11 Construction Contracts and related Interpretations.

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Plot 12 Luwum Street,City Centre Complex,3rd Floor
Kampala
35657

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