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You are very correct. SpencerForbes: |
So based on your reference to Romans 13; 1 to 4, you are now confirming that Dr. Olukoya is actually following Apostle Paul and not our Lord Jesus Christ right? If not how can you be using a statement made by Apostle Paul to defend Olukoya's actions in aparent contradiction to what Christ said? FreeStuffsNG: |
PROJECT FINANCE & TRANSACTION ADVISORY PROFESSIONALS (CONTRACT ROLES) Location: Lagos (with local & international travel) Contract Type: Fixed-term (12–24 months) Sector: Power, Energy, Infrastructure, Petrochemicals We are an Investment Banking Entity in the process of assembling a dedicated Project Advisory Team to support a large scale energy multi-project development. Available Roles (Multiple Hires): • Project Finance Analysts • Financial Modellers • Infrastructure Finance Managers • Transaction Advisory Associates • Project Economics & Risk Analysts • Project Management Key Responsibilities • Develop and maintain project finance models (IRR, NPV, Sensitivities) • Support project evaluation and bankability assessments • Prepare investment memos, lender presentations, and data rooms • Support SPV structuring and shareholder arrangements • Assist with DFI, bank, and investor engagement • Support financing negotiations up to FID and Financial Close • Coordinate with technical, legal, and tax advisers Qualifications • Bachelor’s degree in Accounting, Finance, Economics, Engineering, or related field • Master’s degree or professional qualification (ACA, CFA, ACCA, PMP) is an advantage Experience • 5–12 years’ experience in: o Project finance o Infrastructure advisory o Power, energy, oil & gas, or industrial projects • Hands-on experience with financial modelling • Experience working with DFIs, Commercial/Investment Banks, Project Finance is a strong advantage • Prior involvement in FID or Financial Close is highly desirable Key Skills • Advanced Excel & financial modelling • Strong analytical and documentation skills • Ability to work under aggressive timelines • Strong stakeholder management skills • High attention to detail and commercial judgment What We Offer • Exposure to landmark infrastructure projects • Competitive contract remuneration • Opportunity to work with senior sponsors and global financiers • High-impact, high-visibility assignments Application Interested qualified candidates should submit CVs, highlighting relevant project finance experience, to hr@mbcgroup.com.ng. |
JOB VACANCY: BUSINESS DEVELOPMENT & MARKETING EXECUTIVE Location: Lagos, Nigeria Employment Type: Full-time Industry: Accounting, Tax & Advisory Services About the Firm We are a professional services firm delivering Virtual CFO, Accounting, Tax Advisory, Business Advisory, and Insolvency & Restructuring Services to SMEs, corporates, and high-net-worth clients. With the implementation of NTA-2025, demand for tax planning, compliance, and advisory services is increasing significantly, and we are expanding our business development capacity. Role Summary The Business Development & Marketing Executive will be responsible for driving client acquisition, brand visibility, and revenue growth across the firm’s service offerings, with particular focus on tax, advisory, and outsourced finance services. Key Responsibilities Business Development • Identify and pursue new business opportunities across SMEs, startups, and corporates • Market services related to tax compliance, tax planning under NTA-2025, Virtual CFO, and advisory services • Build and maintain strong client and referral relationships Marketing & Brand Growth • Develop and execute marketing initiatives (digital, content, events, seminars, referrals) • Support thought leadership initiatives (tax updates, newsletters, webinars, client briefings) • Represent the firm at industry events and networking forums Sales & Pipeline Management • Prepare proposals, pitch decks, and service presentations • Maintain a structured sales pipeline and track conversion rates • Work closely with the Practice Manager and Founder to close deals Client Relationship Support • Support onboarding of new clients and ensure smooth handover to service teams • Maintain regular contact with existing clients to identify cross-selling opportunities Qualifications & Experience • Bachelor’s degree in Business, Marketing, Accounting, Economics, or related field • Minimum 3–6 years’ experience in business development or marketing • Experience marketing professional services (accounting, tax, consulting, financial services) is a strong advantage • Knowledge of tax, accounting, or financial advisory services will be an added advantage Key Competencies • Strong sales, negotiation, and persuasion skills • Excellent communication and presentation skills • Target-driven and self-motivated • Strong networking and relationship-building ability • Good understanding of SMEs and business owners’ needs What We Offer • Competitive base salary plus performance-based commissions • Exposure to high-growth professional services market • Opportunity to build a long-term career in advisory and consulting • Continuous learning and professional development Interested qualified candidates should send their C.Vs to this E-mail address: availme2019@gmail.com |
JOB VACANCY: PRACTICE MANAGER / CHIEF OPERATING OFFICER (COO) Location: Nigeria Employment Type: Full-time Industry: Accounting, Tax & Advisory Services About the Firm We are a fast-growing professional services firm providing Virtual CFO Services, Outsourced Bookkeeping & Accounting, Tax Consulting, Business & Financial Advisory, and Insolvency & Business Restructuring Services. With the recent reforms under Nigeria’s New Tax Act 2025 (NTA-2025) and increasing demand for structured financial advisory services, the firm is repositioning for growth and is seeking a Practice Manager / COO to lead operations, drive profitability, and professionalise the practice. Role Summary Practice Manager / COO will be responsible for the day-to-day management of the firm, translating strategy into execution, coordinating service delivery, improving operational efficiency, and driving revenue growth. Key Responsibilities Operations & Practice Management • Oversee daily operations of the firm and ensure efficient service delivery across all practice areas • Design and implement standard operating procedures (SOPs) for client engagement, service delivery, billing, and reporting • Manage staff productivity, workflow planning, deadlines, and utilisation rates Business Development & Profitability • Work with the Founder to implement growth strategies aligned with NTA-2025 opportunities • Drive revenue growth, client retention, cross-selling, and pricing discipline • Monitor practice KPIs such as billable hours, margins, client acquisition cost, and profitability per service line Client & Relationship Management • Act as the primary operational interface with key clients • Ensure high service quality, responsiveness, and professional client experience • Oversee proposal preparation, engagement letters, and client onboarding processes Finance, Controls & Reporting • Oversee billing, collections, and receivables management • Prepare monthly management reports covering performance, profitability, and pipeline • Support internal controls, compliance, and risk management processes People & Culture • Support recruitment, onboarding, training, and performance management • Help build a professional, accountable, and growth-oriented firm culture Qualifications & Experience • Bachelor’s degree in Accounting, Finance, Business Administration, or related field • Professional qualification: ICAN / ACCA / ACA (mandatory) • Minimum 6–10 years’ experience, preferably in an accounting, tax, or advisory firm • Strong understanding of tax, accounting, and advisory practice operations • Prior experience in practice management, operations, or consulting firm leadership is a strong advantage Key Competencies • Strong leadership and execution capability • Commercial mindset with strong financial acumen • Excellent organisational and people-management skills • Ability to work independently and take ownership • Strong written and verbal communication skills What We Offer • Competitive remuneration (fixed + performance-based incentives) • Opportunity to play a key leadership role in a growing professional firm • Exposure to high-value advisory, tax, and restructuring assignments • Clear career growth and long-term leadership prospects Interested qualified candidates should send their C.V to the following E-mail address: availme2019@gmail.com |
STOCKBROKER VACANT POSITION Vacancy: Stockbroker (Senior Analyst to Associate Grade) Division: Equities Trading Desk Job Background: We are seeking a qualified stockbroker with experience in the Nigerian capital markets. Job Purpose: In this role, you will be responsible execution of client trades, educating them about our products/services and guiding them to make the best decisions. You will also play a key role in generating trading and investment ideas by identifying opportunities for potential gain. Job Responsibilities: * Trade execution and advisory * Generating new trading strategies * Build positive relationships with customers and maximize the value of those relationships. * Assist with management of the proprietary portfolio * Participate in meetings with clients to explain services and guide their choices. * Understand the problems and challenges of clients and identify ways the business could better address those needs. * Assist in growing the business by identifying new sales and business development opportunities. * Seek opportunities to cross-sell and upsell to existing clients * Resolve any client(s) complaints promptly and professionally. Required Skills/Qualifications: * Excellent Interpersonal communication skills * Ability to build, foster and maintain positive professional relationships. * Good knowledge of investment products * Strong numerate and analytical skills. * Good knowledge of the capital markets and regulations * Problem solving and conflict resolution capability. * Excellent presentation skills, Creativity and innovation * Flexibility and ability to work under pressure. Required Qualifications: * Minimum of 2nd class degree in economics/ finance related subjects or science degree. Professional qualifications: * ACS, MSc or an MBA will be a clear advantage. * Minimum of 2 years’ experience in stockbroking * Registration with the Securities and Exchange Commission as a sponsored Individual will be an added advantage. CV and application to be sent to the following email address: hr@mbcgroup.com.ng |
I guess the FIRS expects that it is the responsibility of the Investor to keep adequate records of his/her CSCS statements, buy and sell contract notes etc to support his/her position. Exactly! So after selling the shares, how would govt distinguish or identify reinvestment from withdrawal? Once the shares are sold, the units leave your NGX/CSCS portfolio and funds are warehoused with the trading broker who may reinvest(buy other shares) or transfer cash to the investor bank account Will govt connect their IT systems to monitor when the investor reinvests (buys other shares) either through the same broker, or through the same CHN number, or when the broker transfers the proceeds of shares sold to investor's bank account? What happens if the investor uses or transfers his shares to a different trading CHN account, different broker etc[/quote] |
Good morning the law. Thanks for your educative posts. Please, when a property belonging to estate of a dead person is sold by the approved administrators of the estate, if any of the children of the deceased have issues with the sale after 19 years, is it right for him to go engage Lagos State Environmental Sanitation Agencies to come and forcibly evict the buyer with policemen and seal off the property? Isn’t he supposed to go to the court to sue the estate and the buyer ? Please what is the right thing here sir. Best regards. |
Don’t mind him. He has had 2 failed marriages so far. Was he not submissive enough for those marriages to be salvaged 💁💁 olisaEze: |
In fact with the kind of curses you are placing on the side chick, I doubt if your husband will ever come back again. You are not wise at all. No side chick can snatch your husband without your husband’s consent and your bad attitude. If your husband is not ready and willing to let go of the side chick then cursing the side chick will only endear your hubby to her the more. |
Vacancy 1: HEAD, INTERNAL CONTROL (Senior Investment Analyst to Associate Grade) Job Purpose:We are seeking professionals with experience in internal Control and Internal Audit functions who are conversant with Capital Market operations. Job Background: The role requires high level of professional work evaluating internal controls and regulatory compliances for the company and ensuring appropriate levels of oversight across departments. Responsibilities: o Ensure regulatory compliance in all aspects of the firm’s activities. o Reviews existing accounting and financial controls, insurance policies and other legal compliance processes in place and makes any necessary revisions or additions. o Conducts regular internal audits and reviews to assess the compliance of accounting department and individual employees. o Reviews processes and records to see that accountants are operating in line with generally accepted accounting principles, laws, industry, and company standards. The results of the reviews are shared with heads of departments to aid in feedback, training, and development to ensure greater overall compliance. o Engages actively with internal and external auditors to ensure consideration and resolution of all relevant risks and audit findings. o Consolidates and implements IFRS legislation. o Formulates policies and procedures to improve internal controls, compliance, and efficiency. o Leads the process for internal controls reviews across the group. Desired Skills and Experience: o Bachelor’s degree in accounting, Finance and Economics o Masters’ degree in related field is an advantage. o Minimum of 10 years’ working experience in Accounting / Finance o Minimum of 7 years’ working experience in Accounting and Finance o Experience in one or more of the following: management, legal compliance, accounting, and auditing. o ACA/ACCA, CFA, or other relevant qualifications within or outside Nigeria with proven skills and experiences are required. o Solid understanding and experience with internal control frameworks. o Strong communication skills presenting internal control and risk matters in an understandable way across various forums and levels of the organization with the right level of detail. o Team management experience Industry Capital Market Job Category Accounting and Finance Employment Type Full time Experience 5 - 7years on the role Skills Compliance, Tax, Auditing, Internal Controls, Internal Audit, Accounting, IFRS, SAP, Risk Management, Leadership, Finance, Team Management Applications should be sent to: iobanefe@mbcgroup.com.ng and oayoade@mbcgoup.com.ng. Vacancy 2: Team Lead, Institutional Sales (Senior Investment Analyst to Associate Grade) Division: Institutional/Corporate Sales Job Purpose:We seek professionals with experience in Institutional/Corporate Sales. Job Background: In this role, you will be required to provide high level of relationship engagement and client service excellence for target institutions and deepen key relationships in target markets. You will also play a key role in generating new businesses by identifying opportunities of potential sales. Job Responsibilities: • Develop and maintain institutional business with pension funds, endowments, financial institutions, family offices etc. • Develop and implement sales strategies that will maximize and exceed corporate set goals for the business. • Analyze the market landscape, identify business needs and meet with potential clients. • Identify key contacts at potential client companies to establish and foster relationships. • Grow the business by identifying new sales and business development opportunities. • Seek opportunities to cross-sell and upsell to existing clients • Support senior management in preparing product competitive analysis presentations. Required Skills/Qualifications: • A high energy level and drive with entrepreneurial approach to building and maintaining client relationships • Excellent Interpersonal communication skills • Ability to build, foster and maintain positive professional relationships. • Good knowledge of investment products • Strong numerate and analytical skills. • Good knowledge of relationship management best practices • Problem solving and conflict resolution capabilities • Excellent presentation skills • Creativity and innovation • Flexibility and ability to work under pressure. Experience: • At least 6 years in capital market, 2 of which should be in institutional and corporate sales. Required Qualification: Minimum class degree in economics/ finance related subjects or science degree. (HND Upper Credit) may be considered. Professional qualifications such as ACS or, CFA and/or an MBA will be a clear advantage. We thank all applicants; however, only shortlisted candidates will be contacted. |
lynx200:From the poster's statement, they only discussed an amount and that does not mean that the interviewer accepted or agreed to what he asked for. Usually after the candidate's exit, interviewer's would review and discuss the session amongst themselves to see if the candidate's performance justifies the salary he/she asked for. So if his performance is below standard, they may reject him outrightly or offer him what they think is commensurate with his experience and capability. |
*Urgent Vacancy* Job Title: Accountant Location: Yaba, Lagos *Job Description* The ideal candidate will oversee and manage all accounting and tax compliance functions. *Qualifications* • B.Sc in Accounting. • ICAN Certification is a must • 4 – 6 years experience as an accountant •Hands-on experience of Quickbooks accounting software usage •Excellent understanding of IFRS •Good knowledge of Microsoft Excel *Must have sound knowledge of Financial Accounting and Tax If you fit into the above, kindly send your updated resume to availme2019@gmail.com |
What documents are available and where exactly on the Island is the location? |
You didn't drop any phone number for interested persons to reach you. Is the property still available? Where is Ologolo? Thanks kkonsults: |
How many car parking spaces will be available? |
kettykin:So what now stopped Obi to do same in Anambra for 8 years which would have made the state the Dubai of Africa now?🤷♂️🤷♂️🙄🙄 |
*6 LIES USED TO DISCREDIT CHRISTMAS[b][/b]* Over the years some people and/or Christian sets have inundated us with arguments against the celebration of Christmas. Here are counter arguments i came across on a christian blog (can't recollect the name) that refutes and invalidates the usual reasons that suggest that Christmas celebration is not biblical. *1st* : "Celebrate Saturnalia Day" - A lie. Saturnalia began on December 17 and ended on December 23. It was never associated with december 25. *2nd* : "Celebrate the Birth of the God Tammuz" - A lie. Tammuz was a deity associated with summer, when between June and July devotees (mostly women) mourned his death. By the way, the Hebrew calendar (yes, the biblical), has a month in its namesake, Tammuz, which falls precisely in June and July. *3rd* : "Celebrate the Sun God" - A lie. It is true that in the year 274 AD, the emperor Marcus Aurelio decreed December 25 as the day of the "sol invictus". However, Christians, since the late second century, have celebrated the birth of Christ on December 25. We have extensive literary evidence for this. In fact, the Roman emperor probably did this because he saw the Roman religion decline as the Christian faith was expanding (and this despite brutal Roman persecutions). So, in a political maneuver, he tried to kidnap an important Christian date and make it pagan. It didn't work out! The invictus sun party never worked. But here we are, 1800 years later and still celebrating Jesus Christ the Lord!. *4th* "The druids began the Christmas tree tradition" - A lie. The tree custom dates back to Bonifacio in the early 8th century, the missionary who first brought faith to the fearful Vikings. The missionary, seeing that the Germanic tribes revered the famous "Thor's oak," took an axe and cut it himself, to prove that nature is not a god. So I would point out a tree of perennial leaf, as a symbol of Christ, who is the tree of eternal life. In terms of lighting the Christmas tree, we go back to the former Augustinian monk Martin Luther, the German reformer, who, upon seeing the starry night, returned home and placed candles on the tree as a testimony to the majesty of God's creation. *5th* : "Jesus wasn't born on December 25, it's all a pagan junk" - A lie. No one knows for absolutely certain when Jesus was born. However, the December 25th date was not chosen at random. There is a reasonable justification for some of the Church Fathers to choose this date.. If you take the fact that Zacharias was offering incense in the Holy Place of the Temple in Jerusalem during the great holy feast of Yom Kippur, which falls in late September, early October (Luke 1:9), then this means that John the Baptist was born 9 months later, between June and July. Remember, Scripture clearly tells us that John the Baptist was conceived 6 months before Jesus (Luke 1:26,36), so 6 months after June and July places Jesus' birth in late December or early January, which coincides exactly with the tradition of East and West: West celebrates it on December 25 and East on January 7. *6th* : "The Bible does not command us to celebrate the birth of Christ" - Above all else my friend, have peace. We really don't understand your fascination with conflict. But you are wrong again. The wizards of the east celebrated the birth of Christ (Matthew 2:11), The shepherds of the region celebrated the birth of Jesus (Luke 2:17), Simeon, moved by the Holy Spirit, celebrated the birth of the Christ (Luke 2:28-32), The prophetess Anne, celebrated the birthof the Lord (Luke 2:38) and ... All the heavenly hosts sang with joy at the birth of Christ (Luke 2:14). Of course, there is enough BIBLICAL precedent to take time out of the busy year and celebrate this incredible event that cut history in half: the incarnation and birth of the Son of GOD. Please my dear friend and brother don't listen to myths and legends, which abound in the corrupt and intriguing mind. Don't you want to celebrate Christmas because your conscience won't let you? Well don't celebrate. *But please, stop perpetuating lies and slander against your brothers who do it, and do not bear false witness.* Remember, lying and condemning others based on those lies are really grave sins. *Merry Christmas !!!!!!!* *References* : 1. Miller, John F. "Roman Festivals," in The Oxford Encyclopedia of Ancient Greece and Rome (Oxford University Press, 2010), p. 172. 2. Britannica, T. Editors of Encyclopaedia. "Tammuz." Encyclopedia Britannica, February 26, 2021. https://www.britannica.com/topic/Tammuz-Mesopotamian-god. 3. Reformed Forum. The origin of the Church Calendar. https://reformedforum-org.translate.goog/the-origin-of-the-church-calendar/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=es-419&_x_tr_pto=wapp 4. History of Christmas Trees: Christmaa Trees From Germany. https://www.history.com/topics/christmas/history-of-christmas-trees#christmas-trees-from-germany |
With the peer-to-peer payment system, if the fx deposit in the account of the person you're buying from is an export proceed or transfers, as opposed to cash deposits, the bank cannot place a limit on the maximum amount transferable. Regards |
Good evening sir. I am interested in this. Can we discuss it? I will chat with you on WhatsApp this night or tomorrow latest. |
This is a propaganda. The writer should go and analyse the stock market's behaviour since January to date before making unjustifiable claims. |
Experts in the house, please is it advisable to sell Bua Cement now and buy another stock or to still hold? There is already capital gain on my holdings and there is really no immediate need for cash. Thank you |
Omooba77:See what God said through Prophet Isaiah with regards that there is no favouritism but by our deeds. saiah 56 1 This is what the LORD says: "Maintain justice and do what is right, for my salvation is close at hand and my righteousness will soon be revealed. 2 Blessed is the man who does this, the man who holds it fast, who keeps the Sabbath without desecrating it, and keeps his hand from doing any evil." 3 Let no foreigner who has bound himself to the LORD say, "The LORD will surely exclude me from his people." And let not any eunuch complain, "I am only a dry tree." 4 For this is what the LORD says: "To the eunuchs who keep my Sabbaths, who choose what pleases me and hold fast to my covenant-- 5 to them I will give within my temple and its walls a memorial and a name better than sons and daughters; I will give them an everlasting name that will not be cut off. 6 And foreigners who bind themselves to the LORD to serve him, to love the name of the LORD, and to worship him, all who keep the Sabbath without desecrating it and who hold fast to my covenant-- 7 these I will bring to my holy mountain and give them joy in my house of prayer. Their burnt offerings and sacrifices will be accepted on my altar; for my house will be called a house of prayer for all nations. Thus it is by our our deeds by way of our obedience to HIS will, commandments, laws etc |
tctrills:All you have quoted are things said about Christ by others like Paul, John etc while you refused to believe the things or statements the bible recorded to have been said by Christ Himself while on earth about the determinant of judgement. Pray for understanding and learn to rate the words of Christ above what others said about or on behalf of him. |
paxonel:This your thought pattern is awkwardly interesting. So you meant whatever Paul said is now superior to the words said by Christ himself? How does that sound in your ears ��� Have you taken time to read what Christ said about this issue of basis for judgement or qualification for entering the kingdom of God in the book of Revelation? That judgement is going to be according to your deeds? I am sure you are aware that the revelation was made well after Paul's writings and after Christ's ascension. Endeavour to study to understand and not be a mere follower of what your Pastor told you. |
Urgent Vacancy: Finance & Account role Job Type: Full Time Location: Lagos Mainland Job Responsibilities: ▪︎Prepares and process all invoices (purchases, office project cost & ▪︎Monitoring and reconciliation of intercompany accounts and balances, office project costs, raising and posting invoices etc ▪︎Assist with month end reports; prepare accurate financial data to be used for the reports ▪︎ Reconciles balance sheet general ledger and intercompany transactions ▪︎Timely and accurate filing and remittance of all tax, statutory returns i.e. VAT, WHT, PAYE etc. ▪︎Assist with all year-end financial process and audit ▪︎Monthly Payroll Preparation Key Competencies and Requirements: ▪︎B.Sc in Accounting , Finance or related fields ▪︎Recognized professional accreditation (ICAN / ACCA etc.) ▪︎Minimum of 4 years post ICAN qualification practical experience in accounting or auditing function ▪︎Sound knowledge of Quickbooks accounting software applications ▪︎Working knowledge of IFRS ▪︎Tax proficiency Ready to resume immediately. If interested, send your CV to: availme2019@gmail.com |
Urgent Vacancy: Finance & Account role Job Type: Full Time Location: Lagos Mainland Job Responsibilities: ▪︎Prepares and process all invoices (purchases, office project cost & ▪︎Monitoring and reconciliation of intercompany accounts and balances, office project costs, raising and posting invoices etc ▪︎Assist with month end reports; prepare accurate financial data to be used for the reports ▪︎ Reconciles balance sheet general ledger and intercompany transactions ▪︎Timely and accurate filing and remittance of all tax, statutory returns i.e. VAT, WHT, PAYE etc. ▪︎Assist with all year-end financial process and audit ▪︎Monthly Payroll Preparation Key Competencies and Requirements: ▪︎B.Sc in Accounting , Finance or related fields ▪︎Recognized professional accreditation (ICAN / ACCA etc.) ▪︎Minimum of 4 years post ICAN qualification practical experience in accounting or auditing function ▪︎Sound knowledge of Quickbooks accounting software applications ▪︎Working knowledge of IFRS ▪︎Sound knowledge of accounting and Tax Ready to resume immediately. If interested, send your CV to: availme2019@gmail.com |
gracealonev:Send you CV to availme2019@gmail.com. |
Read your bible to understand and stop depending on what others said. The following people and many more were described as righteous persons in the bible: Noah (Gen 6:9)(Gen 7:1), Lot (2 Pet 2: ![]() Joseph of Arimathea (Lk 23:50) Abel (Heb 11:4)(Mt 23:35)(1 Jn 3:12) Joseph (Mt 1:19) John The Baptist (Mk 6:20) Zecharias (Lk 1:5-6) Elisabeth (Lk 1:5-6) Simeon (Lk 2:25) Daniel, and Job were said by God to have “righteousness” (Heb: “tsdaqah“) (Ezek 14:14,20). Similarly, in the New Testament, in (Heb 11:32-33), Gideon, Barak, Samson, Jephthah, and the prophets are said to have “wrought righteousness” (NASB: “performed acts of righteousness”) Honchoslim16: |
So if your Son, Daughter, Brother or Sister was among those massacred, you would have been very happy to be there just 2 years after the event right? Nonsense. lhordspy: |
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. Rubyjade: |


