Accruals vs Prepayments
Two words that confuse many new accountants. Let’s make them ridiculously simple👇🧵
First, remember this:
Accrual = you’ve used it, but haven’t paid for it yet.
Prepayment = you’ve paid for it, but haven’t used it yet.
That’s the entire concept.
You need people. People to be siblings to you. People to parent you. People to inspire you. People to tell you when you’re slacking or selling yourself short. People who teach you. People who see your potential and put their weight/career/signature behind you.
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•Educational Background: Bachelor's degree in Finance, Accounting, Economics, Business Administration, Mathematics, Statistics, or a related discipline.
•Professional Qualification: ACA, ACCA or any equivalent professional qualifications is an added advantage.
•Must have completed the National Youth Service Corps (NYSC) programme.
•0–2 years of relevant experience; fresh graduates are encouraged to apply.
•Strong analytical, numerical, and problem-solving skills.
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Lesson 6: Build Your Work Ethic Early
Work ethic and discipline don’t come in one lump sum. They are habits we build gradually, and the early phase of career is one of the most important periods for building them.
Today, there are many things we can easily hide under like "work life balance", "my work is 9 to 5", "I don’t open my laptop on weekends", "demanding work is toxic" etc.
There is truth in some of these things. Rest and boundaries are important.
But if you have big ambitions, particularly early in your career when you mostly have your work to speak for you, I don’t think you can follow all of them rigidly and expect exceptional outcomes.
Also, like most folks, you may not get the big job, great pay, role or opportunity you think you deserve early in life. That shouldn’t become a reason for doing just enough.
Develop the attitude that wherever you find yourself, you will do the best you can with what you have. Not necessarily for your employer, but because your work ethic is an expression of who you are.
If you build the habit of doing just enough, mediocrity can become comfortable. And when the opportunity you’ve been waiting for eventually comes, you may not have built the discipline required for it.
Don’t wait for the big job, perfect role, promotion, salary or the country you want to japa to before developing a great work ethic.
It is better to be prepared for an opportunity that doesn’t come than for the opportunity to come and find you unprepared.
You are not only working for your employer, you are building yourself, small small.
Trees don’t panic in the winter thinking, "Oh no, I’m not growing leaves, I’m a failure." They just rest and wait for spring. You are allowed to have a low-yield season without calling it a personal crisis.
A major advantage in life: Refusing to count yourself out. You can lose momentum. Make mistakes. Take the wrong path. Start late. None of it matters as much as your willingness to begin again. Never underestimate the power of deciding you are done living beneath your potential.