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In a recent article, the BBC reported that Deutsche Bank had been fined $630 million by UK and USA regulators. According to the article, the bank had been negligent in detecting, investigating, and stopping some of its clients from laundering money from Russia through its Moscow, New York and London offices. The article explains in simple terms how a client of the Deutsche Bank illegally moved … Continue reading Money Laundering – ACCA Paper P7
Purchases and Sales are common accounting terms, which students are expected to understand, and tested on at the foundation level. Students taking further exams are expected to have a clear understanding what constitutes purchases and sales.
For the purpose of accounting, Continue reading “Understanding Purchases & Sales”