Contabilidade e regras contábeis em Gana
Accounting Rules
- Tax Year
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The tax year is from 1 January to 31 December. Companies with a financial year that is different from the calendar year are taxed on their financial period that ends during the calendar year.
- Accounting Standards
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International Financial Reporting Standards (IFRS) are required for both domestic and foreign companies whose securities trade in a public market as well as for the following entities: government business enterprises, banks, insurance companies, securities brokers, pension funds, and public utilities. Non-listed companies can use full IFRS Standards or the IFRS for SMEs Standard.
- Accounting Regulation Bodies
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ICAG
- Accounting Reports
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The presentation and preparation of financial statements should be performed in accordance with the Sections 25-31 of the Companies Act. Financial statements must include:
- Statement of Financial Position
- Statement of Profit or Loss and Other Comprehensive Income
- Statement of Distribution
- Statement of Cash Flows
- Statement of Changes in Shareholder’s Funds
- Notes to Financial Statements
- Publication Requirements
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All companies incorporated in Ghana are required to prepare annual financial statements pursuant to the Companies Act. Listed companies need to prepare annual financial statements in accordance with the Securities Industry Law. Banks must prepare annual financial statements in accordance with IFRS and have them audited. Banks are also required to change audit firms every six years.
- Professional Accountancy Bodies
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ICAG , Institute of Chartered Accountants (Ghana)
- Certification and Auditing
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Pursuant to the Companies Act of 1963, all companies registered in Ghana, regardless of size or public interest level, must be audited by auditors registered with the Institute of Chartered Accountants and must file audited financial statements with the Registrar of Companies.
- Accounting News
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Últimas atualizações em April 2024