Olamilekan

Insights on finance and accounting || Accounting Standard Series || Accounting Trivia || Investment || Basketball 📌

[Olamilekan @_financeintel]

Dear Accountants

I know accounting standards can be a chore to read and digest sometimes

To make it easier for us all, I will be sharing weekly pictorial summaries of the relevant accounting standards and some accounting trivia by the side.

Stay Tuned!

[Olamilekan @_financeintel]

Nothing unites a department faster than:
"External Auditors are around."

Suddenly everybody remembers where documents are.

[Olamilekan @_financeintel]

If your manager starts a message with:
"Hope you're well."

Just prepare for extra work.

[Olamilekan @_financeintel]

Your colleague should use chowdeck next time, so she won’t need to tip the security

By the time you pay delivery and service fee for a week straight, you’ll realize that the security guy is the one doing you a favour

[Cjay🌎 @AnyanwuMalachy]

Since our new security man resumed work in March, my colleague usually sends him to get her lunch.

She usually sends ₦5,000 to his Opay.

The food she buys doesn't exceed ₦4,000, hence the extra tip is for him.

She has done this everyday since that March.

On Tuesday, as she sent him as usual, she later called him on phone to add Tigernut which is sold for ₦1,700 without sending any extra money.

Only for our security guy to call her, and asked for the extra ₦700.

My colleague didn't pay attention to him, because she was busy at work.

Only for our security guy to come back to the office to ask for the extra ₦700 without even buying the food.

Angrily, she asked him to send back her ₦5,000 that she wasn't interested in the food again.

Now our security guy went and told HR that since this week, that my colleague totally snubs his greetings, and it is making him so uncomfortable.

[Olamilekan @_financeintel]

Dear HR,

Stop asking if candidates can work under pressure.
Nigeria already tested that before they applied.

Kind Regards.

[Olamilekan @_financeintel]

Exes wey I suffer get. Abi I don move on ni

[‘Latunji ✨✨ @Mr_Sprime]

No one is as delusional as former Big 4 staff

Ex-KPMG
Ex-Deloitte
Ex-PwC
Ex-EY

Move on from your Ex bruh!

Heal!!!!!!!!!!!!!!!!!!!!

[Olamilekan @_financeintel]

Sports betting is already rigged to make you lose

The Bet company is set up to always win

Do you need me to explain better?

[Olamilekan @_financeintel]

@BlehisBack It’s all a game of bluff.

https://t.co/ceGSIahhbp

[Olamilekan @_financeintel]

I asked a keke rider this same question one time and his response was that they do that so as to not make lower pricing a norm.

If you price a N200 keke for N100 every time and they keep carrying you, at the long run, the price automatically becomes N100. However, if they don’t carry you and you stay at the bus stop for long without getting keke, sooner than later, you will start preparing to pay N200.

So they are simply playing the long game.

[Olamilekan @_financeintel]

@Jibola_00 😂

[Olamilekan @_financeintel]

@AutoMirac @O_ladele Na am 😂😂

[Olamilekan @_financeintel]

I just randomly remembered that someone on this app called one of the Big 4 firms ‘Mandilas’

Una dey talk oo

[Olamilekan @_financeintel]

@Mr_Sprime At all At all 😂

[Olamilekan @_financeintel]

Have you gone for an interview when the CEO was celebrating his birthday?

They will even offer you small chops even if they know you won’t get the job

[‘Latunji ✨✨ @Mr_Sprime]

Dear Candidates,

If you attend a physical interview and they offer you bottled water, drink it!!!

This is 2026!!!

But don’t gulp it like mufu garage o

Kind Regards.

[Olamilekan @_financeintel]

@Ogbeni_Mo I was shocked when I saw it
When I no dey YouTube

[Olamilekan @_financeintel]

Dear WhatsApp

When did this one start again?
Sponsored Ads???

[ICAN Success With Akin Obilana @AObilana]

The hierarchy of Financial Freedom:

1. Get a decent job.
2. Save at least 20% of your Salary to cover Emergency funds.
3. Save more until you have enough to invest in your personal development - new skills/certification
4. More to a better job. That guarantees growth in Salary
5. Save more. This time, save enough to start a Cash flow business.
6. If you are unsure of starting a small business, invest in TB, Mutual Funds & Stocks
7. If you are successful at running a small business, you channel your profit into any investment scheme.

It depends on where the individual is currently. If they are in #2, having 1m locked up is strictly for capital preservation and not growing their investment portfolio.

[Olamilekan @_financeintel]

@OladejiTosin15 Congratulations Boss 🎉

[Olamilekan @_financeintel]

Pro Tip: to become a millionaire from gambling…

Start as a billionaire!

[Teacher Cee @Sinteeaah]

Everything You Need to Know About CFA Registration, Exams & Becoming a CFA Charterholder 🧵

Thinking about the CFA? Before you register, here is what you actually need to know.

👇🏽

1/
The CFA Program is one of the most respected qualifications in global finance, covering investment management, equity research, portfolio management, and more.

https://t.co/VEepfkXy0L

2/
It has 3 levels:

• Level I
• Level II
• Level III

You must pass them in order. No skipping.

3/
Before you register, CFA Institute sets eligibility rules around education and work experience.

📌 Check requirements here:
CFA Program : https://t.co/hiYiCyjRuf

4/
Registration is fully online via your CFA Institute account.

You handle: https://t.co/BtUzuJUrMG

• Exam registration
• Payments
• Profile setup
• Exam policies

5/
Big mistake candidates make:

Registration is not the same as exam booking.

After registering, you still need to schedule your exam slot separately.

6/
CFA exams are computer-based and taken at approved test centres globally.

You choose from available exam windows depending on your level.

7/
The curriculum is broad and practical:

• Ethics
• Quantitative Methods
• Economics
• Financial Reporting and Analysis
• Corporate Issuers
• Equity Investments
• Fixed Income
• Derivatives
• Alternatives
• Portfolio Management

8/
Fees vary depending on when you register.

Early registration is significantly cheaper.

📌 Fee details: https://t.co/hiYiCyjRuf

Fees vary depending on when you register.

Early registration is significantly cheaper.

9/
Beyond exam fees, plan for:

• Study materials
• Prep courses (optional)
• Approved calculator
• Mock exams

10/
CFA Institute offers scholarships that can reduce costs for eligible candidates.

11/
After each exam, results are released in your CFA account.

You also get a performance breakdown by topic area.

12/
Passing all 3 exams is not the final step.

To earn the charter, you still need:

• Relevant work experience
• References
• Membership application
• Ethics compliance

13/
Once approved, you officially become a CFA Charterholder.

That is when the designation becomes yours.

[Olamilekan @_financeintel]

@Pa3ckjnrs 🙏

[Olamilekan @_financeintel]

Term of the day: Earnings Per Share (EPS)!

Let’s break it down!

Earnings Per Share (EPS) measures how much profit a company generates for each ordinary share outstanding. In simple terms, EPS tells investors how much of a company's profit belongs to each share they own.

Think of a company as a pizza and its profit as the slices. EPS helps you understand how much pizza each shareholder gets.

A company may report billions in profit, but if that profit is spread across billions of shares, the profit attributable to each share may be relatively small.

Formula:
EPS = (Net Profit – Preference Dividends) ÷ Weighted Average Number of Ordinary Shares

Example:
Suppose a company reports:
- Net Profit = ₦500m
- Preference Dividends = ₦50m
- Ordinary Shares Outstanding = 100m shares
EPS = (₦500m – ₦50m) ÷ 100m
EPS = ₦4.50 per share

This means the company generated ₦4.50 of earnings for every ordinary share during the year.

What does a higher EPS mean?
Generally, on paper, a higher EPS suggests:
- Stronger profitability
- Better returns for shareholders
- Greater potential for dividend payments

However, EPS should never be viewed in isolation, as a high EPS today doesn't guarantee future performance.

EPS is an important term, as;
- It's one of the most widely used measures of company performance.
- Investors use it to compare companies within the same industry.
- It forms the basis of important valuation metrics like the Price-to-Earnings (P/E) Ratio.
- Consistent EPS growth is often a sign of a healthy and growing business.

[Olamilekan @_financeintel]

https://t.co/ZJaKvOKQRg

[Olamilekan @_financeintel]

Our #AccountingStandardSeries for this week will be on IAS 33 - Earnings per Share. EPS is a key performance indicator for investors, and its accurate calculation and presentation are important for decision making.
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