eniola💎
7.4K posts

eniola💎
@ee_nn_yy
AAT | Finance Enthusiast | Chelsea FC
Lagos, Nigeria Katılım Kasım 2019
1K Takip Edilen980 Takipçiler

@NemeremNjoku Some women don’t believe they are beautiful the way they are or they feel insecure about the way they look that’s why there are a lot of beauty enhancers like eye lashes, wigs and others
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I once told a girl that women don’t understand how beautiful they look with this hair, she said I must be stingy
Panashe@NasheCeezet_zw
The only hairstyle that matters to men.
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@ee_nn_yy @AramideOyekunle lol then why seplat
When the kings are there!
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@michealbuild @AramideOyekunle Experience is key at this stage of my life 🙂
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@AObilana @powerfulbadeeu AAT should be made compulsory for non accounting graduates
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In response to this post by my brother @powerfulbadeeu on the concerns of some ACAs, I would say Accounting is a professional course, like Law and Engineering. Although it is difficult to transit to either Law or Engineering as an Accounting graduate. As a non-accounting graduate before you qualify to become an ACA you must have 48 months practical work experience. 12 months more than what is required of an Accounting graduate. That gives an Accounting graduate an edge.
If we look at the curriculum of most Nigerian Universities, if you studied Accounting you must take courses in Economics, Finance, Maths and Statistics. These courses are quant heavy. Engineering students have a strong background in Maths and every course that they take from year 1 to year 5 is quant heavy. Therefore, an average Engineering graduate is better than an Accounting graduate in analytical thinking, problem-solving and reasoning.
On the job market, Accounting firms especially the Big 4s hire graduates with a 2.1 as long as you are able to pass the aptitude test. Statistically, Engineering graduates always edges out Accounting graduates because on the average they are better at Maths and Stat and other quant heavy stuff. The Accounting firms just need graduates who possess analytical skills and good at solving problems. As an entry level employee in the Big 4 there are training programs that will bring you up to speed on the area of accounting practice you are assigned to.
In my classroom (and based on my experience), I have found that my student's academic background reflects in their performance for each of the ICAN papers. Engineering graduates don't struggle with courses like SFM and PM, but you see Advanced Audit and Assurance they tend to have a problem with it.
Law graduates don't struggle with any writing courses. Accounting graduates don't struggle with Financial Reporting and Strategic Business Reporting.
Summarily, I would say the world of work is different from Academia. On that premise, I would advice every Accounting graduate who wants to thrive globally to level up their Maths Skills and work on their ability to think critically and solve problems. These are the skills today's employers what to pay for.
Lastly, variety is the spice of life. An audit engagement team that have Auditors with background in other areas of discipline like Actuary, Engineering, Public Health etc is better than an audit engagement team that have Auditors with background in Accounting only.
Àgbàakin of Europe🇳🇬 🇪🇺@powerfulbadeeu
I’ve seen some ACA (Chartered Accountants) guys agitating on LinkedIn that ICAN should not allow people who didn’t study Accounting or management related courses to write ICAN any longer as it’s diminishing the value of the profession 😫😅. Mo ti rerin yo, there’s a time Food Technologists were also agitating that HRs should stop recruiting Biochemistry, Microbiology graduates in the QA department of Food companies. I’m sorry but none of the agitations will ever see the light of the day, and for good reasons. E je ka jo ma fi ife lo abeegi. 😀
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This is called a treasury bill - it is a form of investment where you lend government your money for interest.
Yes, you can use Treasury bills to
"offset your overall tax liability."
Here is how it works:
First of all, there is a 10% Withholding Tax paid on treasury bill.
When you earn interest on Treasury Bills, the bank deducts 10% withholding tax (WHT) before paying you.
This deducted tax is NOT lost, and it is NOT an extra charge.
Instead, it is treated as tax you have already paid.
So how does it help you?
If you later calculate your total tax for the year (PAYE or personal income tax) and FIRS says:
“Your tax for the year is ₦500,000.”
But during the year, you already had ₦30,000 withheld from Treasury Bills interest, then:
That ₦30,000 is counted as part of the ₦500,000 you are supposed to pay.
You will now pay ₦470,000, not ₦500,000.
In other words:
Withholding Tax (WHT) = Tax Advance Payment
It reduces the remaining tax you owe when you file or reconcile taxes.
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@FansTribeHQ Please what’s the lyrics of that song 😹
Make I no Dey sing rubbish for house
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That moment Estevao scored Chelsea’s second goal 🆚 Barca. Absolute Scenesss! 🤩
Chelsea 3-0 Barca highlights
#chelsea #barca #championsleague
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@SamuelOtigba I need an accounting job (internship, entry level)
Remote, Hybrid anyone (paid or unpaid) I just want to learn 🥺
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