Tax vs levy differences you should know

You should never compare the term tax to levy. Why? They are different in many respects. While taxes are compulsory charges on the income of individuals and organizations, levies are not compulsory and arise when a service is done by a government agency on your behalf. Let’s discuss five of these differences. Similarities between tax … Read more

Similarities between AIS and MIS

Accounting information Systems (AIS) and Management Information Systems (MIS) are a body of knowledge meant to teach accounting professionals the framework of an accounting system in an organization. While MIS is to explain the management support system for an entity. But that is not all! Why it is important to differentiate between AIS and MIS … Read more

Five benefits and limitations of assurance engagement

A primary benefit of an assurance engagement is that it helps the intended users make unimpaired decisions. However, if the wrong criteria are used it will lead to the wrong roadmap by users and business failures. In this article, let’s discuss the benefits and limitations of the assurance engagement. Benefits of assurance engagement Reliability Assurance … Read more

The cost of ANAN certification in 2022/2023

Considering the ICAN alternative, then this article is for you. The Association of National Accountants of Nigeria (ANAN) is the perfect complement if you’re planning to practice accounting in Nigeria. In the eyes of Nigerian law, both professional certifications have equal footing. ANAN is also a member of the International Federation of Accountants (IFAC).

If you’re planning on writing this exam in the 2022/2023 section, then we will guide you on the estimated cost you may likely spend to achieve your goal. I have done a similar article with the institute of chartered accountants of Nigeria (ICAN). Below is a spreadsheet of the fees you’re expected to pay to ANAN.

The cost of writing ANAN certification in 2022/2023

Read: How to check your ICAN-ATS financial status

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CIS meets with FIRS boss. Talks on tax matters in the capital market

The Chartered Institute of Stockbrokers currently meets with the federal inland revenue service (FIRS) board. The meeting was held at the Service. And feature the current president of CIS Mr. Oluwole Adeosun and the Executive Chairman of FIRS Mr. Muhammad Nami. What’s happening? This marks the second time CIS visits the Service. During the meeting, … Read more

Advantages and disadvantages of Fund accounting

Government establishments are made to provide essential services to the public and nonprofit organizations. One of the tools used to achieve this is fund accounting. This self-balancing account helps ensure that funds for a specific purpose are traced to such purposes and are efficiently utilized. Fund accounting defined According to the institute of chartered accountants … Read more