On 28 July 2010, the Nigerian Federal Executive Council accepted the recommendation ofthe Committee on the Roadmap to the Adoption of IFRS in Nigeria, that it will be in theinterest of the Nigerian economy for reporting entities in Nigeria to adopt globally accepted,high-quality accounting standards by fully adopting the International Financial ReportingStandards (IFRS) in a […]
As A business owner, your account will be affected with unearned revenue andprepayment at some point and you need to manage and report completely. Unearnedrevenue and deferred revenue are the same things and there refer to the moneybusinesses received from customers for their products or services that have not yetbeen provided. It’s a prepayment from[…..]
Working from home may be many people’s dream come true. Whether it’s theemployee of a forward thinking company in need of work flexibility, or a smallbusiness looking for a cash-flow head start through the reduction of overheads.Working from home is likely to appeal to many Nigerians. There are many tax pros and cons when considering working[…..]
Accountant is a professional who records and prepares the financial statements,interpreting the results and keeps the financial records. Whereas, internal auditorsprovide assurance and consulting services that ensure standard operatingprocedures are working and comply as intended and giving the reports to themanagement. The external auditors examine the financial statements once or thriceper year in-case of private[…..]