Now, you would have thought that accountants have enough bother having to work out how to deal with numerous currencies when compiling accounts for international companies, but then someone goes and starts trying to introduce an imaginary one.
It seems Travelex, not content with the money they make from converting holidaymakers currency to euros, dollars or rand have taken it on themselves to try and work out the value of wizarding money.
It has estimated that the value of a galleon, used in the Harry Potter series of books is worth £5.01 or €7.39, somehow. This, apparently means that kitting out a wizard or witch for their first year at Hogwarts would cost about £1,700, a magic wand is worth £35.08 while a top notch broomstick would set you back £1,503.
TS is on the case to the Big Four to see if they can set us straight on what company accounts would look like under WAS, that’s Wizard Accounting Standards to us muggles.
Accountancy Age Jobs is delighted to announce the launch of a brand new look website for finance and accountancy professionals
The UK gender pay gap will not close until 2069 unless action is taken to tackle it now, according to new research by Deloitte
Three former Tesco executives, including the former finance director of Tesco UK, have been charged with fraud by the Serious Fraud Office in relation to a £263m accounting scandal at the retailer.
Deloitte chief executive David Sproul is among 11 chief executives to take part in global executive search firm Odgers Berndtson’s CEO for a Day scheme