ECONOMICS OF THE NATIONS

GEOPOLITICS, INTEREST RATES AND THE GLOBAL ECONOMY By: Roy Tanga. Introduction Policy actors and mechanisms have to adopt to the changing policy landscapes of the new century. Beyond the orthodox beliefs, domestic policies are increasingly having an influence over the borders of their respective jurisdictions, as economic policies and politics of the day, in a […]

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PRINCIPLES OF ACCOUNTS; DEPRECIATION

DEPRECIATION , PROVISIONS AND RESERVES. DEPRECIATION OF FIXED ASSETS. Fixed assets such as machinery, motor vehicle, furniture and fittings used in business lose their value over a period of time. Lose in value should be taken into account while calculating Net Profit as failure to do so implies that net profit is overstated and is […]

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LIVING IN A MOMENT.

THE PREGNANT DEER In a forest, a pregnant deer is about to give birth. She finds a remote grass field near a strong-flowing river. This seems a safe place. Suddenly labour pains begin. At the same moment, dark clouds gather around above & lightning starts a forest fire. She looks to her left & sees […]

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DEPENDABILITY BUSINESS.

THE PRODUCTIVITY PRINCIPLE OF DEPENDABILITY. By John E Schrock, Businessman ‘’God delights in those who keep their promises and abhors those who don’t Proverbs 12:22’’ Our lives and businesses are built around things that are stable and dependable. We depend on the stable laws of physics-Such as gravity and the timing of the solar system. […]

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EDUCATION 101:BANK RECONCILIATION.

BANK RECONCILIATION STATEMENT. A bank reconciliation statement is a statement which explains the differences between balance as per the bank statement and balance as per the cash book of the enterprise. Cash book balance as per the business should always be equal to the balance as per the bank statement issued by the bank. In […]

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TAKE HIS WORD!

Prof. Micheni from Maasai mara University has this to say to students: “Academic excellence is overrated! I said it. Being top of your class does not necessarily guarantee that you will be at the top of life. You could graduate as the best student in Finance but it doesn’t mean you will make more money […]

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EDUCATION 101: PETTY CASH BOOK.

Principles of Accounting: Petty Cash Book. Petty cash is used to record petty payments of cash regarding minor expenses such as Postage, bus fare, stationery, entertainment Balance n petty cash book is balanced off on weekly or monthly basis and totals of different expenses in the petty cash book are debited in the ledger into […]

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SOME MOMENTS WITH THE OLD MAN.

Advice from an 80 year old man………… 1. Have a firm handshake. 2. Look people in the eye. 3. Sing in the shower. 4. Own a great stereo system. 5. If in a fight, hit first and hit hard. 6. Keep secrets. 7. Never give up on anybody. Miracles happen everyday. 8. Always accept an […]

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