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Result Kenya National Examinations Council (KNEC) is the national body responsible for overseeing national examinations in Kenya. Its current chairman is Professor Julius Omondi Nyabundi who succeeded Professor John Onsati. This council was established under the Kenya National Examinations Council Act Cap 225A of the Laws of Kenya, in 1980.
The examination was supervised by the Kenya National Examination Council (KNEC), an examining body in Kenya under the Ministry of Education. The same body also conducted and regulated the Kenya Certificate of Secondary Education (KCSE), a certificate awarded to students after completing secondary education. KCPE and KCSE were both started in ...
Current liabilities in accounting refer to the liabilities of a business that are expected to be settled in cash within one fiscal year or the firm's operating cycle, whichever is longer. [1] These liabilities are typically settled using current assets or by incurring new current liabilities.
Consolidated financial statements are defined as "Financial statements of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent (company) and its subsidiaries are presented as those of a single economic entity", according to International Accounting Standard 27 "Consolidated and separate financial ...
However, mobile devices are very common in Kenya, and one study found that distributing mobile devices to students made it easier for students with visual impairments to access education. Students were able to type notes, record lectures, have text read to them, and easily communicate with classmates and professors via email. [69]
In financial accounting under International Financial Reporting Standards (IFRS), a provision is an account that records a present liability of an entity. The recording of the liability in the entity's balance sheet is matched to an appropriate expense account on the entity's income statement.
Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. [3]
Nepal Financial Reporting Standards (NFRS) are designed as a common global language for business affairs so that company accounts are understandable and comparable within Nepal. The rules are to be followed by accountants to maintain books of accounts which are comparable, understandable, reliable and relevant to users internal or external.