AccountingPosts

Commitment 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 …

The 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 …

In 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 …

The 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 …

The 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 …

External 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 …

Will 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 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 …

The 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 …

Although 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 …

Internal 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 …

Bisola 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 …

Public 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 …

Government 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 …

The 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 …

Audit 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 …

ICAN 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 …

Knowing 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 …

Are 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 …

The 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 …

If 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 …