21 August 2017
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Uncategorized
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WHY YOUR COMPANY IS IN DEBT

The concept of being in debt is something we pretty much hear every day during our daily activities. To the layman on the street, it simply means when a person owes a lot of persons and is not able to settle them when the obligation arises. The average individual has at one time or the […]


21 August 2017
Category:
Financial Advisory
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Managing Working Capital For Your Business

The first question that’ll come to the mind of someone that is not financially literate is what is Working Capital? It shouldn’t come as a surprise that this person may just be a business owner engaged in a form of trade. As a business owner, consciously or unconsciously, whether we’d like to admit it or […]


20 June 2017
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Uncategorized
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Tax Audit Preparation in Nigeria

How to Prepare for a Tax Audit in Nigeria By Matthew OGAGAVWORIA, FCA   The Revenue Service whether Federal or State periodically will visit your company for tax audit. Some may just be for specific aspect of your business. In Nigeria, the Federal Inland Revenue Service can give you notice of carrying out your firm […]


9 February 2017
Category:
Financial Advisory
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Financial reporting to investors, banks and key stakeholders

  Financial reporting to investors, banks and key stakeholders Since the adoption of the International Financial Reporting Standards (IAS/IFRS) by the Federal Government of Nigeria and subsequently, requiring there usage in the preparation and presentation of Financial Statements by companies, operating in Nigeria, especially those listed on the trading floor of the Nigerian Stock Exchange, […]


9 February 2017
Category:
Financial Advisory
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Developing and Setting Budgets for SME

Developing and Setting Budgets for SME’S   The term budget is known by almost everyone, but only few know exactly how it is developed, this article provides a step by step approach to budget development. Firstly, what is budget? Budget is a quantitative and qualitative statement of planned incomes and expenditures over a giving period […]


25 January 2017
Category:
Financial Advisory
Comments: 1

CHANGE MANAGEMENT (EVOLVING THE COMPANY’S BUSINESS TO DELIVER THE GROWTH STRATEGY

What are the indicators that we need to change our current business strategies, when should we effect the change, how should we implement the change and how often should we change, are some of the most challenging questions that every business owners or managers must provide workable answers to, in today’s business world. The ability […]


20 January 2017
Category:
Financial Advisory
Comments: 0

WHAT PROFIT AND LOSS MEANS AND ITS CALCULATIONS

The major driving force behind all economic organizations is profit. Business organizations constantly seek for ways to maximize their profit while minimizing their loss. Profit gives owners of a firm the assurance that their firm is effectively managed. Organizations constantly need fund to either invest, acquire more training or to do some other things that […]


20 January 2017
Category:
Financial Advisory
Comments: 0

MANAGING WORKING CAPITAL AND UNDERSTANDING CASH VS PROFITS

Any business owner or business manager that seeks growth in business operation must give high attention to Working Capital and must understand the relationship between Cash and Profits, to avoid running out of liquidity, to avoid excessive liquidity, and to be able to honor short-term financial obligations. Firstly, let us explore the literally meaning of […]


Starting a Business in Nigeria as a Foreign Investor

Starting a Business in Nigeria as a Foreign Investor Are a Foreigner seeking to do investment in Nigeria? You have done your research about the opportunities in the country and you have decided that you want to open shop in Nigeria. As you may already know doing business as a foreigner is governed by the […]


26 June 2016
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