₦airaland Forum

see someone's father. How will he correct his children

You took money from Nigerians and gave it to our governors to embezzle. Instead of channeling the money to critical sector of the economy to help manage the effect of subsidy removal.

The money Nigerians could have used to meet their basic needs.

optimusmind:
Chartered accountants to be,

What is the difference between impairment, depreciation, and amortisation?

And when a financial asset is categorized as Available for sale financial asset(AFS asset) , how is profit from revalution treated when the asset is disposed?


15 marks

When there is revaluation gain on AFS asset, OCI is Cr while AFS asset is DR and when the asset is disposed, OCI is DR while P/L is CR with the gain previously recognized, the AFS asset is CR while Cash is DR

murry2:
Even me I belong to this category, is there any advice from experienced people? or What are the expectations from newly qualified ACAs

Accounting profession is very broad and you will need to determine the area you want to specialize, Financial reporting, Tax, Audit and Assurance etc.
If you don't know where to start, then you may start with FR which is very common.
You will need to build your skill on how to prepare financial statements from source documents to final account using excel, Quick book, Peachtree/Sage etc.

You should know how to post daily transactions from source documents to subsidiary books eg cash book, post to individual ledger account, prepare trial balance and final account.
Excel is a very powerful tool for accountant because after account are prepared with software they will still be exported to excel.

Knowing how to prepare Payroll which will include PAYE computation is also good.
You should also understand that the illustrations you solved while preparing for the exams are what people do in offices. And you may be given work which is similar to the questions you attempted while preparing for ICAN.
Your study materials may still be relevant to you.

Honestly there is alot to talk about.

micxwell:
You omitted LYING.

AND TO ALL, THIS CAME TO MY MIND YESTERDAY. ALL THE SOFTWARES WE (MOST OF US) USE IN THIS PART OF THE WORLD ARE CRACKED ONES, ABEG IS THIS NOT A SIN TOO? SINCE THOSE DEVELOPERS SPEND TIME AND MONEY TO DEVELOP THEM.

I have been thinking about it since I was in the university. Am yet to see an individual whose Microsoft office is the original version.
Even the one I see in church is pirated.

DomainKing is Back

Sexually transmitted demons are real; they gain access into people who engage in sexual sin. Based on what I have seen, 70% of people who engage in sexual sin are possessed with these demons. These demons live silently in the lives of people without them knowing it. Not all men of God are given the power to cast them out. They will not manifest unless the fire is much on them. Some of the demons enter through MouthAction, some through kissing.
It takes deep spiritual insight to understand the dangers of sexual sin. I got to know about it during my university days.

Please note:These demons live quietly in the lives of people without them know it because if you know, you will find a way to cast them out.

These demons are the cause of rape and addiction.