What is Bad Debt

An amount owed by a debtor that is unlikely to be paid

What is Audit report

A report by the auditors appointed to audit the account of a company or organization. The auditors of a limited company are reguired to form an opinion as to whether the annual accounts of the company give a true and fair view of its profit or loss for the period ended

Who is an Auditor

A person who is appointed to carry out an audit of an organization

What is Audit opinion

An opinion contained in an audit report it expresses a view as to whether or not the financial statement audited have been prepared consistently using appropriate accounting policies

What is an Audit

Audit is an independent examination of an the subsequent expression of opinion on the financial statement of an organization

Who is accountant?

Accountant is a person who passed the accountancy examination of one of the recognized accounting bodies and completed the reguired work experience

Facebook IPO

Facebook is in the process of becoming a publicly-listed company,the company plans to achieve this through offering of IPO.according to the reports facebook is plans to file papers with the US financial wathdog on wednesday this is accordingto the Financial Times and the wall street Journal.The social networking site is valued at between $75bn and $100bn.the floatation would raise about $10bn

Royal Bank of Scotland madness payments

Royal Bank of Scotland has awarded its top directors heavty payment.it has been offered its chairman Sir philip Hampton $1.9 million althought he has down it down. the bank has lso awarded the bank CEO mr stephen Hester more than $1.3million on bonus. this has caused alot of disbelieve among the scotish people they asked the UK prime minister not to accept the treásury to pay them.RBS his majority state owned and the tax payers are not happy with it.For the God sake with the all the crisis that is going on in euro zone .how can banks still go on to pay such payments.while the shareholders are not receving the best from there investment.

Ferdinand Omondi: THE PARLIAMENTARY DEBATE THAT NEVER WAS

Ferdinand Omondi: THE PARLIAMENTARY DEBATE THAT NEVER WAS

Greece Debt Crisis

This year Europen economy as been on the fragile part.Thanks to greece debt which as treaten to bring down major economies in Europe.Greece debt is estimated at $680 billion and the country as taken alot of measure to hoping to reduce the figures.
THE MEASURES TAKEN BY GREECE SO FAR
Greece government as realy done alot in order to solve the crisis this measures are not good enough to cool the economies over the world
1.REDUCE SALARIES AND GOVERNMENT EXPENDITURE..This measure was taken by greece though it citizen did not accepted leading to srike and demonstration it did little
2.REDUCE THE GOVERNMENT BUDGET. They come up with a plan to reduce the size of the budget in order to reduce its expenditure the plan was to go for 10 years.
3.PLAN TO PRIVATIZE GOVERNMENT ASSETS..Greece want to sale some of its assets some of this assets include its famous ports and banks.
Most of the european economical power have accepted to contribute to bail out greece.This was agreed after it was clear greece was not in position to solve its problem.Germany specifically accepted to contribute a big portion.
This crisis as caused alot of anxity atn stock market all over the world and we hope solution will be found soon