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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 …
Similarities between AIS and MIS Read MoreA 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 …
Five benefits and limitations of assurance engagement Read MoreConsidering 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. …
The cost of ANAN certification in 2022/2023 Read MoreIf you practice taxation for a fee, note that you must comply with FIRS’s new standard to remain in the field. Right now, the Federal Inland Revenue Service requests that …
FIRS releases new standards for tax practitioners Read MoreThe 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. …
CIS meets with FIRS boss. Talks on tax matters in the capital market Read MoreGovernment 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 …
Advantages and disadvantages of Fund accounting Read MoreCommitment basis accounting is primarily used in the public sector along with the cash basis. It records transactions when an agreement or commitment is made between both parties. The issue …
Advantages and disadvantages of commitment basis accounting Read MoreThe commitment basis of government accounting helps in budget control. It helps those in charge of governance to know what expenditures are to be committed in a particular period. Therefore …
Commitment basis of government accounting Read MoreIn public sector accounting, the use of cash basis accounting is very common. This might be because of the ease of application. It allows a primary school certificate holder to …
Cash basis of public sector accounting Read MoreThe audit report is a letter that states the opinion of the auditor regarding its examination of the financial statements. It gives him or her to express his professional view …
Six Importance of auditor report Read MoreThe benefits of cost accounting cannot be denied. However, there are disadvantages or limitations to establishing a costing information system. This is more pronounced if the information system of the …
Five (5) limitations of cost accounting to note Read MoreExternal information for performance management is organized from the business environment. The data collected is used for planning, decision-making, and controlling business processes and resources to achieve organizational goals and …
External information sources for performance management Read MoreThe school fees or exam fees for ICAN in the current year are published by them. However, the fee remains the same for a while before it is increased. This …
ICAN school fees 2022 Read MoreWill you choose the institute of chartered accountants of Nigeria (ICAN) over the Association of certified chartered accountants (ACCA)? That’s a personal choice. But this article shows their differences. In …
ICAN vs ACCA top seven differences Read MoreICAN presidents are voted in for the period of one year. Since 1975 when the institution was established, 57 persons have held the role. A few days back, a new …
List of ICAN past and current presidents Read MoreThe International public sector statement of accounting standards board (IPSASB) is calling on the finance professionals to respond to its latest exposure draft ED81. The ED is available for comment …
IPSASB released a new exposure draft (ED81) that requires your attention Read MoreAlthough taxes have their benefits, there are certain disadvantages you should know about. That’s what we will discuss in this article. One necessary disadvantage of paying tax is that it …
Disadvantages of paying taxes you should know Read MoreInternal Users of public sector accounting (PSA) are those whose decisions cannot affect the government business enterprises or MDAs negatively. For example, the decision of the president of a country …
13 Internal Users of public sector accounting in Nigeria Read MoreBisola was asked in a government accounting class to list the internal and external users of public sector accounting information. This wasn’t a very difficult task for her, since she …
List of internal and external users of public sector accounting Read MorePublic sector accounting primary objective is to ensure transparency and accountability of government and those they appointed over ministries, departments, and agencies. Of course, citizens need to know how their …
Seven (7) Objectives of public sector accounting Read MoreGovernment accounting or PSA is guided by certain principles. Here, we will examine 13 such principles. Many of these principles will be discussed separately later on. And many of them …
13 Basic Government Accounting Principles Read MoreThe term auditing has been defined and explained. So, let’s move forward to explain the types of auditing that exist. You can decide to be one of them by pushing …
The Six types of auditors you should know. Read MoreAudit or auditing refers to observing and examining accounting records, financial reports, and other statutory items that have an impact on an entity. In doing so, the auditor has a …
List of audit objectives you should know Read MoreICAN remains the umbrella body for the accounting profession in Nigeria. It conducts the accounting Technician Scheme and the institute of chartered accountants exams. On completion of ATS, you will …
Six differences between ATSWA and ICAN Read MoreKnowing your financial status either as a student or a member of ICAN and ACA or ATS and AAT is important. You need to know if you’re financially up to …
How to check your ICAN-ATS financial status Read MoreAre you through with your secondary school education in Nigeria? Do you have a goal of becoming an accountant? Are you working on getting into the university or other higher …
Benefits of writing ICAN-ATS before going to University Read MoreThe Accounting Technician Scheme West Africa has its subscription fees paid annually by students as well as examination fees. After induction, you will pay a certain fee every year for …
ATSWA subscription and exam fees for 2022 Read MoreIf you have read my last three articles, the term financial resources were used frequently. This term became an issue for Bola, but the lecturer has requested that she research …
10 examples of financial resources Read More