Posts Tagged: commodities

Ring-around-the-Rosy

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting.

Did you know that you are paying a fraction of a cent every time you open a can of soda (or other canned beverages)? Why? It is because Goldman Sachs and other financial players have maneuvered the price of aluminum. Each day, a fleet of trucks shuffles 1,500-pound bars of aluminum among 27 warehouses in… Read more »

Kenya Life Companies

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

Many countries are making a mint from commodities such as oil, copper and gold thanks to sky-high prices. But is that enough to give Africa a permanent boost? Probably not, because commodity markets are notoriously fickle and revenues can quickly be squandered. According to a report by the African Development Bank, a third of Africans… Read more »