I Wish This Was Known Before Incorporating My Company In Nigeria

One of the many questions we usually received from entrepreneurs and businessowners especially first timers, was often to advise them on the best option to registertheir business with Corporate Affairs Commission in Nigeria.We discovered unfortunately in the course of handling corporate registration for friendsand clients that many entrepreneurs and business owners have chosen theirincorporated options[…..]

How To Record The Disposal Of Non-Current Assets

A proper fixed assets disposal is importance from the perspective of maintaining aclean statement of financial position, so that the recorded balances of fixed assetsand accumulated depreciation properly reflect the assets actually owned by abusiness.The disposal of assets involves eliminating assets from the accounting records. Thisis needed to completely remove all traces of an asset[…..]

Fraud Prevention In Nigerian Businesses

Small and medium sized businesses are more often vulnerable to fraud than largerorganizations and the effects can be so damaging, the business that plans for continuityneed to be pre-aware of red-effects of fraudulent activity on business.Fraud may take place either by employees directly stealing cash, claiming bogusexpenses or expense reimbursement, taking business’s property for personal[…..]