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SABIS is a global education management organization headquartered in Lebanon, operating a network of private schools and charter schools worldwide. Founded in 1886 with the establishment of the International School of Choueifat in Lebanon, SABIS has grown into a multinational network with schools in over 20 countries, including the UAE, the United States, Europe, Africa, and Latin America.
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The account's net balance is the difference between the total of the debits and the total of the credits. This can be a net debit balance when the total debits are greater, or a net credit balance when the total credits are greater. By convention, one of these is the normal balance type for each account according to its category.
The statement of cash flows considers the inputs and outputs in concrete cash within a stated period. The general template of a cash flow statement is as follows: Cash Inflow - Cash Outflow + Opening Balance = Closing Balance. Example 1: in the beginning of September, Ellen started out with $5 in her bank account. During that same month, Ellen ...
A consolidated financial statement (CFS) is the "financial statement 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 the definitions stated in International Accounting Standard 27, "Consolidated and separate financial statements", and International ...
SABIC was founded in 1976 by royal decree to convert oil by-products into useful chemicals, polymers, and fertilizers. [9] The first chairman of the company was Ghazi Abdul Rahman Al Gosaibi, the Minister of Industry and Electricity, and the first CEO was Abdulaziz bin Abdullah Al Zamil.
Quartile representation of current account balance as percent GDP by IMF WEO data Quartile representation of current account balance as percent GDP by CIA World factbook data. This article includes a list of countries of the world sorted by current account balance as a percentage of gross domestic product (nominal GDP).
Normal Balances refer to whether the balance for an account in a properly-formed trial balance is usually a debt or a credit. A normal balance also reflects the accounting equation. If a trial balance for an account is reversed, such an account is called a "contra-account" (e.g. accumulated depreciation as an asset or owners drawings as equity ...