Celebrate International Accounting Day with Fanoos Accounting Services!

Join Us for a Special Accounting Quiz Event!

At Fanoos Accounting Services, we’re thrilled to celebrate International Accounting Day this year on November 17th with a fun and informative quiz event! It’s the perfect opportunity to recognize the vital role accountants play in building and sustaining businesses around the world. Whether you’re an accounting enthusiast, a seasoned professional, or just curious to learn, this quiz is a fantastic way to test your knowledge and celebrate our profession.

Why Participate?

Accounting is the language of business, and understanding its fundamentals is key to any financial success. Our specially designed quiz covers the basics of accounting principles, from the accounting equation to understanding financial statements, and aims to refresh core concepts in a lively and engaging way.

What to Expect in the Quiz:

You’ll be challenged with 10 multiple-choice questions that cover essential topics, such as:

The purpose of accounting and financial statements
Key principles of double-entry accounting
Important accounting terms like assets, liabilities, and equity
The basics of accrual accounting

Who Should Join?

Everyone! Whether you’re an aspiring accountant, a business owner looking to enhance financial literacy, or a finance enthusiast, this event offers something valuable for all. We welcome Fanoos team members, clients, and community members to join in celebrating the accounting profession.

How to Participate

Simply visit our website on November 17th to access the quiz. Don’t miss the chance to compete, learn, and maybe even win some accounting-themed prizes!

Let’s make this International Accounting Day memorable by celebrating knowledge, professionalism, and the passion for numbers that brings us all together. We look forward to your participation!

Click here to start the Quiz

Stay tuned and Happy International Accounting Day!

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We customize you QuickBooks Online System to meet your business branding and to be more attractive and effectively

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Our experienced accountants, generate a proper financial reports based on your donor(s), government, management and shareholders' requirements.

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Afghanistan’s Economic Decline Continues but Private Sector Can Support Growth, Says World Bank

WASHINGTON, May 2, 2024—Afghanistan’s economic outlook remains uncertain, with the threat of stagnation looming large until at least 2025, says the World Bank in its latest Afghanistan Development Update.

The report, Navigating Challenges: Confronting Economic Recession and Deflation, notes that a 26 percent contraction in real GDP growth, coupled with declining external financing avenues for off-budget expenditures, paints a stark picture of Afghanistan’s economic prospects. Structural deficiencies in the private sector, together with waning international support for essential services, are anticipated to impede any appreciable economic progress. This economic stagnation is poised to deepen poverty and unemployment where half of the population is already trapped in poverty, and 15 million people are facing food insecurity.

“Afghanistan’s long-term growth prospects depend on a significant shift from its previous reliance on consumption-driven growth and international aid to a more resilient, private sector-led economy that capitalizes on the country’s strengths,” said Melinda Good, World Bank Country Director for Afghanistan. “For a sustainable future, Afghanistan needs to address harmful gender policies, invest in health and education, and focus on the comparative advantages it has in the agricultural and extractive sectors.”

Agriculture could be a key driver of growth and poverty reduction, with the potential to create jobs and have a positive impact on income distribution. To realize this potential, strategic investments are needed in irrigation infrastructure, land tenure security, and market access to boost agricultural productivity and resilience.

The Afghanistan Development Update is part of the World Bank’s Afghanistan Futures program, which includes research, monitoring, and analytical reports on the Afghan economy and society. The program aims to support evidence-based policymaking and inform the international community on the economic developments in Afghanistan.

Contacts

In Washington

Diana Chung

dchung1@worldbank.org