₦airaland Forum

Ronaldoguy:
Nairalanders I need the elders input, I am currently on a job here in Lagos (salary is 400k), now I got another job in Osun state (salary is 250k). Should I go for the job in Osun due to Lagos expensive lifestyle. I want advice solely on financial aspects. I am leaving details out since I am not interested in the career aspects of both jobs.

Freshgrace4life:
Hmm!! The only thing left in this country is wickedness , is only God that can help we the masses ... Some of our Nigerian bossses are more wicked than the foreigners that's why they can't do anything on behalf of their own people , people coming from other countries to use us as slaves in our own very country . You hardly see a job as a lady without them telling you that until you use your bottom power before you can get the job , some won't tell you the terms and conditions , it is when you're fully employed that's when you will know that you will use your body to the physical work & also the inner work as in letting your clients have a happy ending...

Mimi2006:
No she didn't. My sister is somewhat of a smooth talker

SmileDance:
location please
Make we for no waste our time

BoysKingOFPH:
You see those set of people called tailor and mechanic ? None of them will make heaven

Strategical:
Your observations are very correct and that is why MSMEs last for few years and fizzle out very quickly here. Business decisions by entrepreneurs are mostly made without recourse to financial information and metrics generated from the operations of the entity but largely on the whims, moods, experiences of the owner(s) or experiences of others etc which in turn are based on trial and errors.

Secondly, most accountants lack the training (from school or work experience) to appreciate the importance of practical application of accounting knowledge in real life in their working places especially using Cost Accounting, Management Accounting, Financial Accounting, Tax Accounting and FIRS.

However in most cases the fault is not of the accountants but the faulty understanding of the role of accountants by business owners. This applies to the case of "DaBogu" above. Consider a scenario where a chartered accountant is engaged and s/he is the only person in the accounts department that has to analyse, classify, record and file each and every financial transactions of the entity. Also don't forget that the owner engages the same accountant to go deposit cheques or cash at the bank and many other unrelated assignments that end up taking up the time.

S/he is bogged down for the whole day trying to do the bookkeeping and figure out how to post or record some other items properly and this becomes a routine exercise repeatedly done day-in-day-out. With this scenario it becomes almost impossible for the chartered accountant to have time to think clearly about turning the financial data into useful information to aid decision making for the management like:

1. When and whether to buy new machineries or embark on capital projects
2. When and whether to recruit additional staff
3. When and whether to buy additional inventories
4. When and whether to expand operations
5. When, where and whether to source for additional funding for the business and what type of financing to explore
6. Whether to take on a new project, contract etc or not
7. What price to charge for the product or service
8. When or whether to change (increase or decrease) product or service prices and by how much
9. When, whether or where to open new branches

The above and many other business decisions require the impute of accountants before they are finalised.

Meanwhile in reality, there should have been someone else handling the bookkeeping tasks while the chartered accountant handles preparation of the periodic management reports and related analysis of the financials in a way to help management decision making exercises.

SolarEngr:
Wow, wow, wow!

We commissioned 8 projects this September, our highest streak!

All we can say is Hallelujah!

One of our 8 clients this month was from this platform; Nairaland.

People are now getting the message loud and clear.

It's your turn to Go Solar this month.

New plan alert, check image.

sageb:
So true

Love800:
I cant

Sammy07:
He actually said he's living in Ojo not the company being in Ojo

Love800:
Following dis thread. Mine is worse. Everytime i barb my hair, white flakes kip dropping everywere. Am tired of it.

I ave apply damatol nd lime nd keep a low cut but still no cure.

Threesha:
I don't think so

Godfavour2020:
If you want to help, help. Which one is taking is 3 months salary.

PointZerom:
Which bus stop?
I need one for my workers.

Makavelli001:
Did u re-take the test

valentineuwakwe:
Now I know this deji and his activitism all this while has been for his selfishness and pocket....I thought he was campaigning for the youth all this while..
Indeed politics in naija na any where belle face!

Brozok:
Soldier go another soldier come, d factory still remain.

JosephJP:
Baba, calm down
Your question was " Do you work as a team"
Wait! Or remind me if otherwise.
The organization wasn't working as a team, and they still stood the test of time till they had a vacant position to offer you?
Guy, if na me be the boss I swear I go slap that your dirty mouth.

reeleriksen:
Noisy neighbor

He's my young friend
I'm a Manchester united fan and he happens to be a city fan