₦airaland Forum

Millichamp:
Where was the venue?

that second address

Millichamp:
Was it the same venue with the first stage interview?

Mine looks different.
Here is the address for the 1st interview:
Venue:

Ikeja Electric, Ikeja Business Unit
Opp. Mobil Filling Station, beside Zenith Bank Oregun, Ikeja Lagos.

The venue for the Final interview:
Venue:

Ikeja Electric Head Office
Opp. MiTV, beside Lagos State Secretariat
Alausa, Ikeja Lagos.

The head office is just beside secretariat. I have done the second stage interview, though, I don't know if it is the last sha. Mine was for finance and audit trainee.

MikeAsher2:
PM me, make we relate small...

Alright boss. done

MikeAsher2:
This one went to Interview Meeting Room and was looking for MikeAsher2 of Nairaland.

Me sef follow find am. They kept on guessing...

My name is Amarachi but you can call me Onyinyechi

There was that bond from the onset. We discussed almost everything out there until Toyin complained of our noise. Lol. Great guys!

Hahahahaah. i first know say you disturb lolz. terrorist.

you never still tell me the meaning of efiwey oh. and shey we fit borrow you for our own on thursday?

nelronaldo:
Fellow Nairalanders can you guys please enlighten people like us on short courses we can do as Graduates in Nigeria instead of us staying at home and doing nothing.
Personally i'm a science student but i'd love to do something outside my field. I ll also appreciate if you can let us know short courses related to science that is also good.

You may want to check coursera.

nelronaldo:
Please as a non-accounting student, will they ask us questions on basic accounting terms? Do we have to read about basic accounting terms before the interview?

They may not directly ask about accounting terms, but you need to have the faintest idea about them. For example, you may be asked what an auditor does or your reason for switching from your area of specialization to audit; to give a good and coherent response, you would need to used some basic audit terms - that should show that you have an idea of what you are going into.

Check out these links
https://www.accountingdepartment.com/blog/10-basic-accounting-terms-defined
http://www.dummies.com/business/accounting/auditing/important-auditing-vocabulary-and-key-terms/

Be careful though not to dwell too much on them especially if you don't have an in-depth knowledge so they don't capitalize on it.

Goodluck.

Success to those having their interview today.

funkystanl:
Good to know it helps. All the best in your exam and recruitment process

Thanks

funkystanl:
Ok...i'm using ednut1 as my hypothetical case. Mr Ednut works for TheRealAdonye n Co. In his offer letter he's to earn:
Basic Salary (B): 700,000
Housing Allowance (H): 200,000
Transport Allowance (T): 100,000

Calculate his monthly take home pay!

Annual Gross = B + H + T
Annual Gross = (700 + 200 + 100)k = 1million
NHF contribution = 2.5% * Basic = 17,500
Pension contribution = 8% (B+H+T) = 80,000
Personal allowance = 20% * Gross = 200,000
CRA = Higher of 200k or 1% of gross = 200,000

Taxable Income = Gross - (NHF+Pension+PA+CRA)
Taxable Income = 1,000,000 -(17,500+80000+200,000+200,000) = 502,500. This is the amount to be taxed not your gross.
19.2% of this amount is 96,480. But this ain't the true tax. Let's see how close it is to the true tax.

Since we use PAYE
First 300k (out of the taxable income of 502500) will be taxed at 7% i.e 7%*300,000 = 21,000
Next 300k will be taxed at 11% (please not that what is left fromm the taxable income is just 202,500. So we are taxing what is left and not 300k) i.e 11%*202500 = 22,275

What is left? Nothing so there is no 500k to be taxed at 15% hence Mr Edut tax bad stops at 11%

The PAYE tax is 21000+22275 =43,275

Can you compare with the 96,480 when we just applied (19.2% on the taxable income? This showed that Mr Ednut Effective Tax rate (ETR) is about 8.6%.


Back on track. Mr Ednut total deductions is:

NHF + Pension + Tax = 140,775.

Net income = Gross - Total deductions = 859,225

Monthly take home = Net income divide by 12 = 71,602.08.

Wow! I find this really educative. I'm currently studying for an ACCA certification, so I recognized what you did. I'm glad to know they are similar, though the rates in the UK are relatively higher, the starting band being 20%. I am also in the interview stage in the current (2018) recruitment process. Thanks for the help

sheke01:
I didn't want to post this because of personal reasons but on a second thought I think I owe it to posterity to do this because I gained a lot from 2016, 2017 threads and other nairaland threads that I've been following.
I had my pwc interview on friday but before I go into details let me talk about my experience so far. For OPQ, consistency is all they want. Even if u are choosing all the "negative" traits, just be consistent with them. Or better still visit 2017 thread from page 50-65, LaRochelle and her gang laid down some pretty nice traits they were consistent with. You can stick to those traits and be consistent with them.
Back to my interview, my team's topic was Tourism and it's importance to Nigerian economy. For the other team that did on the same day, their topic was Child labor and ways to eradicate it. It's best if your team can choose it's presenter, time keeper, coordinator etc before you guys enter the room as this will save time for your team and everyone should try and contribute as the panelists will be seated on the same table with you guys and will be writing something (scoring you guys) as you people are deliberating on the topic. Contributions is more important than being time keeper or coordinator.
My one on one interview proper: [/b]I was really drilled. [b]No amount of preparation would have prepared me enough for what I went through on friday. I spent closed to an hour and I was asked more than 20 questions. Being truthful is the way forward or if u can construct your response beforehand, good for you. But one thing I learnt from the interview is that you can not prepare enough and you can't plan for every possible situation based questions.
The questions I was asked is as follows:
If given a 2nd chance at the group presentation what will I do differently
Tell us about yourself
Tell us about a time you showcased a skill i mentioned in the "tell us about yourself response"
What do you know about pwc
What do you know about pwc Nigeria
Tell us about a time you showcased your communication skills
How do you stay updated with current news
Tell us about a time you had a conflict with people in my previous place of work
Don't I think I took the conflict too far?
Tell us about about time you learnt something about a new environment
Tell us about a time you interacted with people outside your immediate circle (people you are not familiar with), and your contribution to the interaction
Tell us a time you convinced someone to accept my own idea
Do I know what services pwc offer
Do I know what auditors do
What's your career goal
Do I think engineering has prepared me to be an auditor
Which department did you apply to
Why did you apply to audit
My department my favourite pwc partner works in (because I mentioned a partner as my favourite in one of our discussions)
Do u have a mentor, if yes what impact has he made to your career choice
Tell us about a recent financial news and it's effect on the economy
I was finally asked to ask them a question, which I did
There are still some that I cannot remember and only the first 6 questions are in the order that I was asked

N/B: Please go with your credentials if you can, because some of us were asked for them as they were having problems finding our credentials

The panelists were really nice. I was given a bottle of water and I drank more than half of it. I was even asked to go with the rest

In in all, do your best and hope for the best

Thank you very much for this. Sometimes, I still feel I ain't prepared enough.

dyonpoint:
I wish to know more about ACCA exams. Please, can i send you a private message if you don't mind? Thanks

Alright.

mztadhan:
So this means you guys must have done it this past week right?

yea

Ken124:
I think what he meant is what if a question is asked "what have you been doing since you finished nysc still nw".

If u haven't worked before,you can say..

“My work is important to me, so I won’t be satisfied with any job. Instead of rushing to accept the first thing that
comes my way, I’m taking my time and being selective to make sure my next role is the right one" which I actually found in PWC.


If you are asked why PWC from other big four firms or other coy.
You can say
What makes PWC different is not how big they are,where they are or services they provide..

What makes them different is their impact in helping client achieve remarkable goals,solve complex problems & make meaningful progress......

Best of luck

Chairmen them, I'm loyal. Perfect response

Asiwaju12345:
Good morning,


please should we use tie for the interview stage?

It is not a must but I think it's safer to do so

Omoyennimie:
Let's all connect

How do you suggest we go about that

adolamu:
Monday, 30th of April @ 10:30 am

Same time. I guess we were in the same room then.

adolamu:
I got the invite too, for Tuesday next week.

Yea. When was your first stage interview?

I just got an invite to the 2nd stage interview next week. who is with me?

Emaan10000:
Team May 17...Lets connect...
@mike asher et al...

I sent you a mail

Omoyennimie:
May 17

here

MikeAsher2:
I full ground remain...

I got the invite. 15th kindly send me mail oh, let's get acquainted...

My own be say make nothing come spoil show. From the drive there, to my expected nice group members to my interview panel to even the questions. I want a smooth ride because I'm getting this shii!

Congratulations bro.

woodfrank:
Surname? Time opq taken?

Surname J. OPQ taken on monday, a day before the deadline.

Success mail just dropped. 17th of this month is the day of reckoning.

Oiyza:
its coming soon i believe

Congratulations

mztadhan:
Wow.

Nice. All the best man. Thanks a lot.
Mine's today

Goodluck

mztadhan:
For finance and Audit Graduate Trainee?
Are you sure?
Cos we've written that since last month.
Interview mails have rolled in sef
Is it another position?

He is right actually. saw some people that came to write the assessment test today

mztadhan:
Bro, how was it?

Was cool though short.
They just asked:
Tell us about you.
Why Ikeja Electric?
What do you understand by going concern?
what do you understand by double entry?
what is you biggest strength?
What is your weakness?
Do you have any question for us?

mcpat:
This i can totally relate to

I remember your name when i read through last year thread. I really did want you to get the job

NaMzZy:
Thank you o! For anyone who doesn't go thru to find strength!

Yea. The bottom line is to always push forward. Keep improving on yourself daily, no matter how small. God bless you man

NaMzZy:
That can be so painful...

If you can pull through the pain then we all can.

I just hope we all can have open minds.

I put my whole mind in this, was already considering options for accommodation
Those expectations will only make the cut deeper... My life is too bright to stay gloomy sha

On to the next thing ASAP!

I love this your spirit and optimism walai

Solecontroller:
Lol. You guys love to speak "english" though. A PwC person always checks the facts before commenting, imbibe that culture if you wanna be one.

Is there any reason an LLP won't conduct an AGM?

Definition of AGM by different sites:
An annual general meeting (AGM) is a mandatory yearly gathering of a company's interested shareholders. At the AGM, the directors of the company present an annual report containing information for shareholders about the company's performance and strategy. - investopedia

An annual general meeting (commonly abbreviated as AGM, also known as the annual meeting) is a meeting of the general membership of an organization. These organizations include membership associations and companies with shareholders. - wikipedia

Annual General Meeting. The main meeting of the shareholders of a publicly-traded company that takes place each year. At the annual general meeting, the company may present its financial reports. ... See also: Extraordinary General Meeting. - Financial dictionary.

Irrespective of all these, I still used the phrase "I don't think" that signifies an opinion because I am not 100percent sure. Sorry if it was wrong sha.

Solecontroller:
Lol. You guys love to speak "english" though. A PwC person always checks the facts before commenting, imbibe that culture if you wanna be one.

Is there any reason an LLP won't conduct an AGM?

I thought when someone says "I don't think" means it's just an opinion? If it is wrong, correct me with love and care, That is what a PWC person should do.