Baba Aduragbemi 🇳🇬💡💙

Father, Husband, Teacher, Chess Lover ...

[Elorm 🥷🏿 @Elorm__Hood]

Call your car 🚗 dealer this weekend

Benfica — Win 🏆
Sporting — Win 🏆
PSG or Draw
Inter or Draw
Bayern or Draw
Dortmund or Draw
Celtic or Draw
Napoli or Draw
AC Milan or Draw
Marseille or Draw
Atlético Madrid — Win 🏆
Galatasaray — Win 🏆
Young Boys — Win 🏆
Sporting — Win 🏆
PSV — Win 🏆
Feyenoord — Win 🏆
PAOK — Win 🏆
Olympiacos — Win 🏆
AEK Athens — Win 🏆
Club Brugge — Win 🏆
Vikings — Win 🏆
Bodø/Glimt — Win 🏆

⚽ OVER 1.5

Juventus — Over 1.5
Chelsea — Over 1.5
Liverpool — Over 1.5
Arsenal — Over 1.5
Barcelona — Over 1.5

⚽ OVER 0.5

Athletic Bilbao — Over 0.5
Frankfurt — Over 0.5
Tottenham — Over 0.5
Atlético Madrid — Over 0.5
Leverkusen — Over 0.5
Real Madrid — Over 0.5

[Baba Aduragbemi 🇳🇬💡💙 @d_sui_generis]

@UtdByMac You no wan say James right? Abi James no be cfc player again ni. Anyways if he face James he will be looking for water like the way your Rice and Zubimendi no fit contain James last season even after Caicedo's red.

[Fádáhùnsi Ọládipúpọ̀ O. ACA @seunfadahunsi]

Working Capital Management
Cost of Capital
Investment Appraisal
Sources of finance

Know these and Know peace #FM #ICAN

[Baba Aduragbemi 🇳🇬💡💙 @d_sui_generis]

@HabilaIshaq Young Erikina 🔥

[Baba Aduragbemi 🇳🇬💡💙 @d_sui_generis]

@Isamaila007 @IamWeal12644247 @GuyMr10 You got a solid point but I don't like the Yoruba part because u generalized it. Omo Yorùbá ni mi, and you will never see me begging especially for something so unnecessary... you don't have to generalize it, you are also a yoruba, do you beg?
Anyways solid point in between.

[ICAN Success With Akin Obilana @AObilana]

ISA 240 Explained!

Quick one:

An Auditor is NOT responsible for detecting and preventing fraud. That is for those charged with management and those charged with governance to bear.

The objective of the auditor according to ISA 240 is to:

- identify and assess risks of material misstatement due to fraud;

- obtain sufficient appropriate audit evidence regarding assessed fraud risks;

- respond appropriately to identified or suspected fraud;

- maintain professional skepticism throughout the audit

However, the auditor is concerned with how fraud could affect the financial statements.

The auditor therefore focuses on two major categories of fraud:

- Fraudulent Financial Reporting; and
- Misappropriation of Assets

The auditor is however responsible for obtaining reasonable assurance that the financial statements as a whole are free from material misstatement whether caused by fraud or error.

The auditor is expected to maintain professional skepticism throughout the audit. What this means is, that the auditor doesn't automatically assume management is dishonest, but facts must be established before taking into account what the management said.

The engagement team should discuss how and where the financial statements might be susceptible to material misstatement due to fraud.

When fraud is suspected, the auditor should consider:

- who may be involved;

- whether management is involved;

- whether internal controls have failed;

- whether other transactions may also be affected;

- whether the financial statements are materially misstated;

-whether the matter should be communicated

The auditor must obtain written representation from management regarding:

- responsibility for designing controls to prevent and detect fraud;

- disclosure of known or suspected fraud;

- disclosure of allegations of fraud;

- completeness of information provided to the auditor.

If the auditor identifies fraud or suspected fraud, the matter should be communicated to the appropriate level of management and/or those charged with governance depending on the circumstances.

In some circumstances, the auditor may have a legal or regulatory obligation to report fraud or suspected fraud to an appropriate authority.

The auditor is expected to document matters relating to fraud in accordance with ISA 230.

The auditor may need to consider whether fraud has created or worsened going concern uncertainty, in line with ISA 570.

In summary:

The Auditor is responsible for detecting material misstatements due to fraud to the extent that reasonable assurance can be obtained, but it is not an absolute guarantor against all fraud.

[YabaLeftOnline @yabaleftonline]

"The law doesn't allow anybody to pay for bail at any police station. If you go to any police station and you're asked to pay for bail, just quietly walk outside and call the IGP" — Nigerian Police

[Baba Aduragbemi 🇳🇬💡💙 @d_sui_generis]

@Eyedontmind_ Best individual performance of the season for a reason

[Baba Aduragbemi 🇳🇬💡💙 @d_sui_generis]

@Ayomide__koya @funkeakindele ,try dey cover your hair when praying.
Kristi Jesu Alase Laye ati ni Orun a se Amin si Adura na.

[AMB. ỌLÁMIDÉ ADÉMỌ́LÁ ÓSÈYÍFÚNMI @Oseyifunmii]

Does the devotee of Òrìṣà Ọ̀ṣun, Ṣàngó and other Òrìṣà actually regard these Òrìṣà as their God, as some popular Christian songs imply?
This and many other eye-opening questions are explored in this insightful interview with Priestess Oyetola Elebuibon and myself.

[Peace @MoveWithPeace]

A mutual @akpiri_goodnews has kindly shared this acronym with me, I think it could be helpful to someone trying to wrap their head around double entry principles.

DEALER.

D - Drawings/Dividend
E - Expenses
A - Assets

Debit Assets, Expenses, drawings or dividend accounts when they increase. Credit when they decrease.

•

L - Liabilities
E - Equity
R - Revenue or Income

Credit Liabilities, Equity, Revenue or other Income accounts when they increase. Debit when they decrease.

Bookmark this for your next practice session 📌

[Peace @MoveWithPeace]

7 Accounting Concepts New Accountants Often Get Wrong

You can pass an accounting exam without truly understanding these. Then work in accounting and realise you’re still confused.

Let’s fix that. 🧵👇

[ICAN Success With Akin Obilana @AObilana]

IAS 12 - Income Taxes

What you should know.

IAS 12 deals with accounting treatment of income taxes, including:

(1) Current Taxes; and
(2) Deferred Taxes

Our focus will be on the identification and accounting treatment of Deferred Taxes.

Deferred Taxes is the tax effect of temporary differences.

Why does Deferred Tax exist?

Accounting and Tax rules sometimes recognize the same transaction at different times.

For example, Accounting Depreciation v Capital Allowance.

Therefore, Carrying Amount (as presented under accounting rules) and Tax Base (as presented under tax rules) figures will be different.

This may create a deferred tax.

Deferred Tax can be:

(1) Deferred Tax Liability - Possible in a situation that the company is likely to pay more tax in the future because of a temporary difference.

(2) Deferred Tax Asset - Possible in a situation where future tax benefits arising from deductible temporary differences or certain unused tax losses/credits.

Now let us talk about TEMPORARY DIFFERENCES

Carry Amount - Tax Base = Temporary Differences

If CA > TB; that results in Deferred Tax Liability (leading to a taxable temporary difference)

If CA < TB; that results in Deferred Tax Asset (leading to a deductible temporary difference)

How to determine Deferred Tax Liability / Asset

Step 1: Determine the temporary difference and its' classification, that is, whether it is Asset or Liability

Carrying Amount - Tax Base = Temporary Difference

Step 2: Apply tax rate to the temporary difference, that is:

Temporary Difference * Tax Rate.

[Dave @david_oladiti]

Is it only me that can sense when a person has a beautiful soul?

There's this radiance, warmth, and empathy they exude that mollify your defenses and validate your essence when you're in proximity with them.

Those fellas, God in human form.

[Baba Aduragbemi 🇳🇬💡💙 @d_sui_generis]

@arojinle1 Allright. Thank you Oluko
I won't dare touch it, although I don't know if I have the mind to kill a snake at the moment.

[Arojinle @arojinle1]

If people do good to you, pay them back with good. Try your best to always return favour whenever the opportunity presents itself, however you can.

When people mistakenly wrong you, forgive them. When people deliberately wrong you, retake revenge whenever you can, without breaking the law. If you must forgive deliberate evil done to you, it should be because something very good will come out of the forgiveness.

[Fabrizio Romano @FabrizioRomano]

🔵🇺🇦 Mykhaylo Mudryk travels on Sunday to Hong Kong to re-join Chelsea with immediate effect.

Chelsea statement. ⤵️

“We know how much this opportunity to return means to him. Our focus now is on supporting Misha’s reintegration into the squad and helping him resume his career. Everyone at the Club now looks forward to helping Misha return to full fitness, back into the squad and back onto the pitch”.

[Baba Aduragbemi 🇳🇬💡💙 @d_sui_generis]

@JuanHeart2016 Lacoco ni ooo

[Baba Aduragbemi 🇳🇬💡💙 @d_sui_generis]

@arojinle1 Watching this woman on the show just shows me I can't go and disgrace myself in Masoyinbo show because I still wish to partake in the show if my understanding of yoruba is better than this.
This woman is the benchmark oo.
Mama wa l'awe