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  > Bad Debt
Money owed for a business debt that cannot be collected
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  > Audit
A systematic review or examination of the assertions or actions of a third party to evaluate conformance to some norm or benchmark.
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  > Double-Entry Accounting
A system of accounting that records each business transaction twice.
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   Accountant News:

St. Kitts-Nevis to Host 2007 Conference of Chartered Accountants

On Sunday 11th June a delegation of Chartered Accountants from the St. Kitts and Nevis Branch of the Institute of Chartered Accountants of the Eastern Caribbean (ICAEC) returned to the Federation after attending the 24th Annual Conference of the Institute of Certified Accountants of the Caribbean (ICAC), which was held in Barbados June 8-10 2006.

 The Annual Conference was held under the theme Sharpening the Edge and was attended by over 400 delegates from the Caribbean, and representatives from the Certified General Accountants (CGA) of Canada, Association of Certified Chartered Accountants (ACCA) of the UK. The Conference programme was aimed at providing tools for Accountants in the region to demonstrate the highest qualities of professionalism as they carry out their roles in the industry, private practice or in government. The keynote address was delivered by the Prime Minister of Barbados, Mr. Owen Arthur  who challenged the Accountants to provide the quality of service that will enable the region to meet the current challenges.

The Institute of Chartered Accountants of the Caribbean (ICAC) is headquartered in Jamaica. It has a. membership of over 2,400 Chartered Accountants and affiliates. The ICAC Conference which is held annually will be hosted by St. Kitts and Nevis in June 2007. In addressing the delegates at the 2006 Conference, President of the St. Kitts-Nevis Branch, Donald Thompson urged the delegates to attend the 2007 Conference and to take the opportunity to enjoy the beauty and the charm of the twin island Federation. From the overwhelming response of the delegates it is anticipated that the 2007  Conference will be one of the biggest ever.

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Did You Know?    
 
 
You want to hire an accountant that practices GAAP.
Generally accepted accounting principles (GAAP) are the accounting rules used to prepare financial statements for publicly traded companies and many private companies in the United States.

 
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Jan 15, 2007 - Accounting Periods When Preparing A Statement Of Income
When preparing a statement of income and expenses (generally your income tax return), you must use your books and records ...
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Jun 28, 2006 - International Accounting Standards Committee
International Accounting Standards Committee

The Trustees of the International Accounting Standar...

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