Falcon Forex Bureau Amal Express Agent

05/10/2025

We strongly condemn the unlawful arrest of Mohamud Abdi Abdullahi ( Kabtan Cadduun Land ) by Puntland authorities for peacefully opposing President Said Deni.
Deni’s misuse of power has brought economic collapse, insecurity, and youth exile.
We demand his immediate release and respect for freedom of expression. ✊🏽

20/09/2025

09/09/2025

Accounting Basics

Understanding accounting basics means coming to grips with some key terms to describe the various concepts involved.

Once you’re familiar with accounting, you’ll understand and recognise words like revenue, expenses, balance sheets, assets, liabilities, income statements, and more.

08/09/2025

07/09/2025

📌 20 Common Accounting Terms You Should Know

Accounting is called the language of business because it helps us track, explain, and understand money. Here are 20 key terms simplified 👇

1️⃣ Balance Sheet – A financial snapshot of what a business owns (assets), owes (liabilities), and its worth (equity).
2️⃣ Income Statement – Shows profit or loss over a period (revenues – expenses).
3️⃣ Cash Flow Statement – Tracks cash in and cash out.
4️⃣ Assets – What the business owns (cash, buildings, machines).
5️⃣ General Ledger – The “master book” of all financial transactions.
6️⃣ Liabilities – What the business owes (loans, bills).
7️⃣ Expenses – Costs of running the business.
8️⃣ Equity – Owner’s share or value in the business.
9️⃣ Revenue – Money earned from sales or services.
🔟 Fiscal Year – The 12-month financial reporting period (not always January–December).
1️⃣1️⃣ Accounts Payable – Money the business owes suppliers.
1️⃣2️⃣ Accrual Accounting – Records income/expenses when they happen, not just when cash moves.
1️⃣3️⃣ Cash Accounting – Records income/expenses only when money is received or paid.
1️⃣4️⃣ Chart of Accounts – A list of all accounts used in a business.
1️⃣5️⃣ Journal Entry – The record of a transaction in the books.
1️⃣6️⃣ Profit – What’s left after subtracting expenses from revenue.
1️⃣7️⃣ Trial Balance – A check to ensure debits = credits.
1️⃣8️⃣ Accounts Receivable – Money customers owe the business.
1️⃣9️⃣ Depreciation – Spreading the cost of an asset (like a car or machine) over its useful life.
2️⃣0️⃣ Amortization – Like depreciation, but for intangible assets (like patents, software, loans).

💡 Why this matters:
Every business, big or small, uses these terms daily. If you understand them, you understand how money really works in business.

26/08/2025

Core Principles of Accounting



Finance Intelligence Concepts

25/08/2025

𝐖𝐡𝐚𝐭 𝐈𝐬 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠?
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business. It helps stakeholders understand the financial health and performance of an organization.

𝐅𝐮𝐧𝐝𝐚𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐂𝐨𝐧𝐜𝐞𝐩𝐭𝐬
These are the building blocks of accounting:
✅ 𝐀𝐜𝐜𝐫𝐮𝐚𝐥 𝐏𝐫𝐢𝐧𝐜𝐢𝐩𝐥𝐞: Transactions are recorded when they occur, not when cash is exchanged.
✅𝐂𝐨𝐧𝐬𝐢𝐬𝐭𝐞𝐧𝐜𝐲 𝐏𝐫𝐢𝐧𝐜𝐢𝐩𝐥𝐞: Use the same accounting methods over time.
✅𝐆𝐨𝐢𝐧𝐠 𝐂𝐨𝐧𝐜𝐞𝐫𝐧 𝐏𝐫𝐢𝐧𝐜𝐢𝐩𝐥𝐞: Assumes the business will continue operating.
✅𝐌𝐚𝐭𝐜𝐡𝐢𝐧𝐠 𝐏𝐫𝐢𝐧𝐜𝐢𝐩𝐥𝐞: Expenses are matched with related revenues in the same period.
✅𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐑𝐞𝐜𝐨𝐠𝐧𝐢𝐭𝐢𝐨𝐧 𝐏𝐫𝐢𝐧𝐜𝐢𝐩𝐥𝐞: Revenue is recognized when earned, not when received.

𝐓𝐡𝐞 𝐁𝐚𝐬𝐢𝐜 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐄𝐪𝐮𝐚𝐭𝐢𝐨𝐧
This equation is the foundation of double-entry bookkeeping:
𝐀𝐬𝐬𝐞𝐭𝐬 = 𝐋𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬 + 𝐎𝐰𝐧𝐞𝐫’𝐬 𝐄𝐪𝐮𝐢𝐭𝐲

𝐀𝐬𝐬𝐞𝐭𝐬: What the business owns (e.g., cash, inventory).
𝐋𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬: What the business owes (e.g., loans, accounts payable).
𝐎𝐰𝐧𝐞𝐫’𝐬 𝐄𝐪𝐮𝐢𝐭𝐲: The owner's claim after liabilities are subtracted from assets.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭𝐬
☑️ 𝓘𝓷𝓬𝓸𝓶𝓮 𝓢𝓽𝓪𝓽𝓮𝓶𝓮𝓷𝓽: Shows revenue, expenses, and profit/loss over a period.
☑️ 𝓑𝓪𝓵𝓪𝓷𝓬𝓮 𝓢𝓱𝓮𝓮𝓽: Snapshot of assets, liabilities, and equity at a specific date.
☑️ 𝓒𝓪𝓼𝓱 𝓕𝓵𝓸𝔀 𝓢𝓽𝓪𝓽𝓮𝓶𝓮𝓷𝓽: Tracks cash inflows and outflows from operations, investing, and financing.

𝐄𝐬𝐬𝐞𝐧𝐭𝐢𝐚𝐥 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐓𝐞𝐫𝐦𝐬
𝐑𝐞𝐯𝐞𝐧𝐮𝐞: Income from sales or services.
𝐄𝐱𝐩𝐞𝐧𝐬𝐞𝐬: Costs incurred to generate revenue.
𝐃𝐞𝐛𝐢𝐭𝐬 𝐚𝐧𝐝 𝐂𝐫𝐞𝐝𝐢𝐭𝐬: The dual entries used in double-entry accounting.
𝐉𝐨𝐮𝐫𝐧𝐚𝐥 𝐄𝐧𝐭𝐫𝐢𝐞𝐬: Initial recording of transactions.
𝐋𝐞𝐝𝐠𝐞𝐫: Where journal entries are posted and categorized.

19/08/2025

CUSTOMER NOTICE

Dear Valued Customers,

We are pleased to inform you that the Amal Office in Kigali, Rwanda has officially started operations as of today.

This expansion is part of our continuous effort to bring services closer to you and to strengthen our network across the region. We look forward to serving you better through our growing presence.

Thank you for choosing Falcon Forex Bureau / Amal Services.

17/08/2025

Depreciation vs. Amortization

Depreciation = Spreading the cost of tangible assets (car, machine).

Amortization = Spreading the cost of intangible assets (patent, goodwill).

17/08/2025

Basic Principles of Accounting

1. Business Entity Principle

The business is treated as separate from its owner(s). Business transactions are recorded independently from personal transactions.

2. Money Measurement Principle

Only transactions that can be measured in monetary terms are recorded in the books of accounts.

3. Cost Principle

Assets are recorded at their original purchase price (historical cost), not at current market value.

4. Going Concern Principle

It is assumed that the business will continue operating in the foreseeable future, unless stated otherwise.

5. Dual Aspect Principle

Every transaction affects two accounts (debit and credit), maintaining the accounting equation:
Assets = Liabilities + Capital

6. Revenue Recognition Principle

Revenue is recognized when it is earned, not necessarily when cash is received.

7. Matching Principle

Expenses should be recorded in the same accounting period as the revenues they help to generate.

8. Full Disclosure Principle

All relevant financial information must be disclosed in the financial statements for transparency.

9. Consistency Principle

Accounting methods and policies should remain consistent over time for comparability.

16/05/2025