Training

IFRS 16 compliance for your bank for swift Bank of Uganda reporting requirements

Effective 1st January 2019, your bank is required to account for all leases under the requirement of the new International Financial Reporting Standards Sixteen (IFRS 16). The standard requires that your bank accounts for leased assets (Right-of-Use Assets) and Lease liability on the financial statements. Bank of Uganda, the banking regulator under Instruction Circular EDS.306.2 …

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IFRS 9 & 16 practical class to reduce your compliance costs

On 19th February 2019, the Central Bank of Uganda issued an Instruction Circular ‘EDS.306.2’ to Supervised Financial Institutions (SFIs). Through the Executive Director supervision, Bank of Uganda sent the guidance note on implementation aspects of IFRS 9 to Chief Executives of Commercial Banks, Credit Institutions and Microfinance Deposit Taking Institutions. The Instruction Circular requires the …

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