William Nicholaus Kisamo is the Financial Accountant responsible for cost accounting, cash reconciliation, payroll processing, and financial reporting for a bakery. His responsibilities include maintaining the general ledger, preparing monthly financial statements, analyzing budgets and expenditures, ensuring accurate and timely financial reporting, and administering the company's financial systems and records in compliance with legal requirements.
IAS 10 2018 IAS 10 BC International Accounting Standard 10 Events after the Reporting Period
Objective
1
The objective of this Standard is to prescribe:
(a)
when an entity should adjust its financial statements for events after the reporting period; and
(b)
the disclosures that an entity should give about the date when the financial statements were
authorised for issue and about events after the reporting period.
The Standard also requires that an entity should not prepare its financial statements on a going concern
basis if events after the reporting period indicate that the going concern assumption is not appropriate.
Scope
2
This Standard shall be applied in the accounting for, and disclosure of, events after the reporting
period
Rodel S. Navarro Business and Management Consultant and Director RODEL SY NAVARRO BUSINESS CONSULTANCY SERVICES (RSNBCS) Tel / Mobile: +63-0917-7333563 Email: rsnbcs@gmail.com http://www.slideshare.net/RSNBCS (About Business Laws compilation): http://www.slideshare.net/BUSINESSLAWSPH Email: businesslawsph@gmail.com
IAS 10 2018 IAS 10 BC International Accounting Standard 10 Events after the Reporting Period
Objective
1
The objective of this Standard is to prescribe:
(a)
when an entity should adjust its financial statements for events after the reporting period; and
(b)
the disclosures that an entity should give about the date when the financial statements were
authorised for issue and about events after the reporting period.
The Standard also requires that an entity should not prepare its financial statements on a going concern
basis if events after the reporting period indicate that the going concern assumption is not appropriate.
Scope
2
This Standard shall be applied in the accounting for, and disclosure of, events after the reporting
period
Rodel S. Navarro Business and Management Consultant and Director RODEL SY NAVARRO BUSINESS CONSULTANCY SERVICES (RSNBCS) Tel / Mobile: +63-0917-7333563 Email: rsnbcs@gmail.com http://www.slideshare.net/RSNBCS (About Business Laws compilation): http://www.slideshare.net/BUSINESSLAWSPH Email: businesslawsph@gmail.com
Digital 2022: Ethiopia
This page contains all the data, insights, and trends you need to help you understand how people in Ethiopia use connected devices and services in 2022.
You’ll find our complete Digital 2022 report on Ethiopia in the “full report” section below, but let’s start by taking a look at the essential headlines for digital adoption and use in Ethiopia this year.
ADVERTISEMENT
Ethiopia’s population in 2022
Ethiopia’s total population was 119.3 million in January 2022.
Data show that Ethiopia’s population increased by 2.9 million (+2.5 percent) between 2021 and 2022.
50.0 percent of Ethiopia’s population is female, while 50.0 percent of the population is male.
At the start of 2022, 22.7 percent of Ethiopia’s population lived in urban centres, while 77.3 percent lived in rural areas.
Note: gender data are currently only available for “female” and “male”.
Ethiopia’s population by age
The median age of the population in Ethiopia is 19.9.
For additional context, here’s a look at how the population in Ethiopia breaks down by age group:
• 14.3 percent of Ethiopia’s population is between the ages of 0 and 4.
• 20.3 percent of Ethiopia’s population is between the ages of 5 and 12.
• 11.3 percent of Ethiopia’s population is between the ages of 13 and 17.
• 14.5 percent of Ethiopia’s population is between the ages of 18 and 24.
• 15.5 percent of Ethiopia’s population is between the ages of 25 and 34.
• 10.0 percent of Ethiopia’s population is between the ages of 35 and 44.
• 6.5 percent of Ethiopia’s population is between the ages of 45 and 54.
• 4.0 percent of Ethiopia’s population is between the ages of 55 and 64.
• 3.6 percent of Ethiopia’s population is aged 65 and above.
Note: percentages may not sum to 100 percent due to rounding.
ADVERTISEMENT
Internet use in Ethiopia in 2022
There were 29.83 million internet users in Ethiopia in January 2022.
Ethiopia’s internet penetration rate stood at 25.0 percent of the total population at the start of 2022.
Kepios analysis indicates that internet users in Ethiopia increased by 731 thousand (+2.5 percent) between 2021 and 2022.
For perspective, these user figures reveal that 89.50 million people in Ethiopia did not use the internet at the start of 2022, meaning that 75.0 percent of the population remained offline at the beginning of the year.
However, issues relating to COVID-19 continue to impact research into internet adoption, so actual internet user figures may be higher than these published numbers suggest (see here for further details).
For the latest insights into internet adoption and use around the world, follow our regular Global Statshot reports.
Go global: see how Ethiopia’s current “state of digital” compares with connectivity in other countries by reading our flagship Digital 2022 Global Overview Report, which includes hundreds of slides of global digital data, and our in-depth analysis of what these numbers might mean for you.
Internet connection speeds in Ethiopia in 2022
Data
Accountants prepare liability, assets and capital accounts by producing and analysing information on auditors. Accountants, however, document all financial reporting by entering all accounts information.
Basics of financial accounting updated 2023 intel document 4.docxintel-writers.com
Financial Statements: Financial statements are the primary output of financial accounting. They include the balance sheet, income statement, and cash flow statement. The balance sheet presents the assets, liabilities, and shareholders’ equity of a business at a specific point in time. The income statement shows the revenues, expenses, and net income or loss over a given period. The cash flow statement provides information about the cash inflows and outflows of a company during a specific period.
Accounting Principles: Financial accounting is guided by various accounting principles, such as the Generally Accepted Accounting Principles (GAAP) in the United States and International Financial Reporting Standards (IFRS) used globally. These principles provide a framework for recording and reporting financial transactions, ensuring consistency, comparability, and reliability of financial information.
Accrual Accounting: Financial accounting is typically based on accrual accounting, which recognizes revenue when earned and expenses when incurred, regardless of when cash is received or paid. Accrual accounting provides a more accurate representation of a company’s financial performance and obligations, as it matches revenues with related expenses in the appropriate accounting period.
Double-Entry Accounting: Double-entry accounting is the foundation of financial accounting. It follows the principle that every financial transaction has two equal and opposite effects. Each transaction is recorded with a debit entry and a corresponding credit entry in the accounting system, maintaining the balance between assets, liabilities, and equity.
This PowerPoint presentation on "Accounting Transactions and the Accounting Cycle" provides a comprehensive guide to the key concepts in financial accounting. The presentation covers topics such as the accounting cycle stages, from recording transactions to preparing financial statements. It delves into essential accounting principles, including journal entries, rules of debit and credit, and compound journal entries. The presentation also explains opening entries, relationships between journal and ledger, rules regarding posting, and the importance of trial balance for ensuring ledger accuracy. Additionally, it explores subdivisions of journals, such as sales, purchases, and cash journals. With a professional design featuring a cohesive color scheme and engaging visuals, this presentation aims to enhance understanding of accounting practices.
Bookkeeping services are essential for maintaining accurate financial records and ensuring the smooth financial operation of businesses. A bookkeeper's role involves systematically recording, organizing, and managing a company's financial transactions, providing a solid foundation for informed decision-making, compliance, and overall financial health.
Bookkeepers play a crucial part in the day-to-day financial operations of businesses, regardless of their size or industry. Their responsibilities encompass various tasks that contribute to the maintenance of reliable and up-to-date financial records.
Bookkeeping services are essential for maintaining accurate financial records and ensuring the smooth financial operation of businesses. A bookkeeper's role involves systematically recording, organizing, and managing a company's financial transactions, providing a solid foundation for informed decision-making, compliance, and overall financial health.
Digital 2022: Ethiopia
This page contains all the data, insights, and trends you need to help you understand how people in Ethiopia use connected devices and services in 2022.
You’ll find our complete Digital 2022 report on Ethiopia in the “full report” section below, but let’s start by taking a look at the essential headlines for digital adoption and use in Ethiopia this year.
ADVERTISEMENT
Ethiopia’s population in 2022
Ethiopia’s total population was 119.3 million in January 2022.
Data show that Ethiopia’s population increased by 2.9 million (+2.5 percent) between 2021 and 2022.
50.0 percent of Ethiopia’s population is female, while 50.0 percent of the population is male.
At the start of 2022, 22.7 percent of Ethiopia’s population lived in urban centres, while 77.3 percent lived in rural areas.
Note: gender data are currently only available for “female” and “male”.
Ethiopia’s population by age
The median age of the population in Ethiopia is 19.9.
For additional context, here’s a look at how the population in Ethiopia breaks down by age group:
• 14.3 percent of Ethiopia’s population is between the ages of 0 and 4.
• 20.3 percent of Ethiopia’s population is between the ages of 5 and 12.
• 11.3 percent of Ethiopia’s population is between the ages of 13 and 17.
• 14.5 percent of Ethiopia’s population is between the ages of 18 and 24.
• 15.5 percent of Ethiopia’s population is between the ages of 25 and 34.
• 10.0 percent of Ethiopia’s population is between the ages of 35 and 44.
• 6.5 percent of Ethiopia’s population is between the ages of 45 and 54.
• 4.0 percent of Ethiopia’s population is between the ages of 55 and 64.
• 3.6 percent of Ethiopia’s population is aged 65 and above.
Note: percentages may not sum to 100 percent due to rounding.
ADVERTISEMENT
Internet use in Ethiopia in 2022
There were 29.83 million internet users in Ethiopia in January 2022.
Ethiopia’s internet penetration rate stood at 25.0 percent of the total population at the start of 2022.
Kepios analysis indicates that internet users in Ethiopia increased by 731 thousand (+2.5 percent) between 2021 and 2022.
For perspective, these user figures reveal that 89.50 million people in Ethiopia did not use the internet at the start of 2022, meaning that 75.0 percent of the population remained offline at the beginning of the year.
However, issues relating to COVID-19 continue to impact research into internet adoption, so actual internet user figures may be higher than these published numbers suggest (see here for further details).
For the latest insights into internet adoption and use around the world, follow our regular Global Statshot reports.
Go global: see how Ethiopia’s current “state of digital” compares with connectivity in other countries by reading our flagship Digital 2022 Global Overview Report, which includes hundreds of slides of global digital data, and our in-depth analysis of what these numbers might mean for you.
Internet connection speeds in Ethiopia in 2022
Data
Accountants prepare liability, assets and capital accounts by producing and analysing information on auditors. Accountants, however, document all financial reporting by entering all accounts information.
Basics of financial accounting updated 2023 intel document 4.docxintel-writers.com
Financial Statements: Financial statements are the primary output of financial accounting. They include the balance sheet, income statement, and cash flow statement. The balance sheet presents the assets, liabilities, and shareholders’ equity of a business at a specific point in time. The income statement shows the revenues, expenses, and net income or loss over a given period. The cash flow statement provides information about the cash inflows and outflows of a company during a specific period.
Accounting Principles: Financial accounting is guided by various accounting principles, such as the Generally Accepted Accounting Principles (GAAP) in the United States and International Financial Reporting Standards (IFRS) used globally. These principles provide a framework for recording and reporting financial transactions, ensuring consistency, comparability, and reliability of financial information.
Accrual Accounting: Financial accounting is typically based on accrual accounting, which recognizes revenue when earned and expenses when incurred, regardless of when cash is received or paid. Accrual accounting provides a more accurate representation of a company’s financial performance and obligations, as it matches revenues with related expenses in the appropriate accounting period.
Double-Entry Accounting: Double-entry accounting is the foundation of financial accounting. It follows the principle that every financial transaction has two equal and opposite effects. Each transaction is recorded with a debit entry and a corresponding credit entry in the accounting system, maintaining the balance between assets, liabilities, and equity.
This PowerPoint presentation on "Accounting Transactions and the Accounting Cycle" provides a comprehensive guide to the key concepts in financial accounting. The presentation covers topics such as the accounting cycle stages, from recording transactions to preparing financial statements. It delves into essential accounting principles, including journal entries, rules of debit and credit, and compound journal entries. The presentation also explains opening entries, relationships between journal and ledger, rules regarding posting, and the importance of trial balance for ensuring ledger accuracy. Additionally, it explores subdivisions of journals, such as sales, purchases, and cash journals. With a professional design featuring a cohesive color scheme and engaging visuals, this presentation aims to enhance understanding of accounting practices.
Bookkeeping services are essential for maintaining accurate financial records and ensuring the smooth financial operation of businesses. A bookkeeper's role involves systematically recording, organizing, and managing a company's financial transactions, providing a solid foundation for informed decision-making, compliance, and overall financial health.
Bookkeepers play a crucial part in the day-to-day financial operations of businesses, regardless of their size or industry. Their responsibilities encompass various tasks that contribute to the maintenance of reliable and up-to-date financial records.
Bookkeeping services are essential for maintaining accurate financial records and ensuring the smooth financial operation of businesses. A bookkeeper's role involves systematically recording, organizing, and managing a company's financial transactions, providing a solid foundation for informed decision-making, compliance, and overall financial health.
Theoritical Frame work of Financial accounting .pptx
FINANCIAL ACCOUNTANT RESPONSIBILITIES.
1. MR.WILLIAM NICHOLAUS KISAMO
POSITION: Financial Accountant (Bakery Accountant)
RESPONSIBLE TO: Finance & Accounts Manager, General Manager
RESPONSIBLE FOR: Cost Accountant, Main Cashier
I was responsible for all general ledger accounting, including the accurate completion of month-
end entry close. This involves uploading files, journal entries, posting payroll, balancing
intercompany accounts and tax entries. Also to reconcile general ledger accounts, review
appropriation requests, and track spending.
Principal Accountabilities:
1. Financial Responsibilities:-
1.1 To checks/prepare invoices, cash requisitions and other documents for processing; and
obtaining approval when necessary.
1.2 To prepare and keep records of asset, liability, revenue, and expenses entries by
classifying, summarizing, compiling and analyzing account information.
1.3 To ensure the timely and accurate posting, balancing, and reconciliation of the general
ledger for entity(s).
1.4 To maintain General Ledger and balance subsidiary accounts by verifying, allocating,
posting, reconciling transactions; resolving discrepancies.
1.5 To Summarize financial status by collecting information; preparing Trial balance, Profit
and Loss Balance Sheet, Cash Flows , and other statements.
1.6 To Prepare and/or review transactions and ensures they are properly reflected within the
monthly financial statements
1.7 To prepare and post payroll entries and monthly accruals
1.8 To reconcile Ledger entries and do Bank and Cash reconciliations monthly
1.9 To check/verify and petty cash payments made by Main Cashier
2. Managerial Accounting:-
2.1 Analyze Capital Expenditure and Revenue Expenditure budgeting requests from
departmental managers
2.2 To prepare Company Budget and implement Budgetary Control
2.3 To assure continuous management and support of budget and forecast activities
2. 2.4 To compile and analyze financial reports and prepare financial statements including
monthly and annual accounts
2.5 To analyze fluctuations between current financial results compared to prior year, prior
month, and budgeted amounts.
2.6 To analyze and advise on business operations including revenue and expenditure trends,
financial commitments and future revenues
2.7 To provide strategic recommendations and maintain solutions to business and financial
problems
2.8 To prepare financial Reports and Management reports
2.9 To compile and analyze financial reports and prepare financial statements including
monthly and annual accounts
2.10 To ensure all financial reporting deadlines are met by ensuring accurate and timely
monthly, quarterly and year end close
2.11 To engage in development appropriate internal control processes and comply with them
3. Administration Responsibilities
3.1 To handle full set of books, and administer financial books.
3.2 To develop, maintain and administer financial databases, while securing financial
information by completing database backups.
3.3 Protects organization's value by keeping information confidential
3.4 Avoids legal challenges by complying with legal requirements.
3.5 To do any other tasks assigned by supervisors
3.6 Coordinate with Accounting System Consultant for system issues, maintenance and
development such as production, purchasing, import/export, accounts payable, accounts
receivable, import/export IT, receiving, shipping, and other.