The crisis that erupted in the financial systems of developed countries in the autumn of the year 2008 affected almost all economies throughout the world. The result of this crisis was job losses, bankruptcies as well as cuts in the incomes of millions of people.

Value added tax is the taxation on the products that have undergone any form of processing. Value added tax is taxed on any single change in the product. The tax is capped at a certain percentage and applied to all processing of raw materials to add value

Operations management can be described as an area of management concerned with the overseeing, controlling, and designing the process of production and the redesigning the different business operations in the production of services and goods.

Monetary Control refers to policies that governments use in an attempt to stabilize their economies by indirectly influencing various economic aspects such as inflation and employment (Mathai). There are three standard instruments for monetary control utilized by the countries central banks thus open market operations, reserve requirements, and setting of discount rates.

What is the difference between accounting and finance? The major difference is first of all accounting is an art while finance is a science. Accounting is the art of identifying, recording and reporting financial information of business transactions while finance is the science of spending or investing of funds effectively. The accounting information is useful to the users to help them understand the financial position of the business while finance is useful to help predict future performance of the business.

Sullivan County was once a thriving Mecca for Tourism and business. However, there has been a reduction in the tourism and business, what adorns Sullivan County is empty store fronts; graffiti adorned bungalows, as well as the vacant lot, fill spaces. Sullivan County can, however, have a turnaround; the county has been suffering from inadequate income to conduct its services in the best manner possible (Robinson & Green, 2011).

Procter and Gamble or simply P&G has its world headquarters in Cincinnati, Ohio. P&G community is large and comprises approximately 127000 employees scattered worldwide in 80 countries.

A merchant bank is a bank that combines both banking and consultancy services. This bank provides advisory services to its clients where it involves them in financial, marketing and legal matters surrounding them (Gurusamy, 2009).

In a business organization, there are different aspects that affect its operations directly. Among the factors, playing a crucial role in monitoring the performance of a financial organization is a financial system. A financial system refers to the procedures used by an organization that monitors the organization’s financial activities.

The expression financial crisis broadly applies to a number of cases in which the vital financial assets rapidly lose a great proportion of their nominal value. During the nineteenth and twentieth centuries, numerous financial instabilities have a high link to banking panics and numerous recessions coincided with the panics.