Mary Dada, ACA

Chartered Accountant || MD Financials ||God's Special Possession 💍💰✝️

[Mary Dada, ACA @MaryDada_]

Need help with your books? Let’s sort it out!
We offer comprehensive financial management services, including financial reporting, bookkeeping , payroll management and tax planning to help streamline your business operations. Reach out to us to chat about your accounting needs!

[ＤＯＣＴＯＵＲ @wakawaka_doctor]

Bulgaria 🇧🇬 is another underrated japa destination :

✅ English-taught
✅ No IELTS
✅ HND & 3rd Class can apply
✅ Affordable tuition and living costs
✅ Work while you study

Steps and process here 👇

https://t.co/3NbXqGmB7H

[Mary Dada, ACA @MaryDada_]

@wakawaka_doctor @Rhodameansrose

[Bọrọkini Rogers 🇳🇬 @Femi_OfMainland]

Iyin, Access Bank acquired Diamond Bank.

Yes, it was executed through a scheme of a merger, that much is true. But beyond the labelling, it was an acquisition. It sounds like one, moved like one, breathes like one.

Reasons:
- Access Bank remained the surviving entity.
- Diamond Bank transferred all of its assets, liabilities, and operations to Access Bank.
- Diamond Bank was dissolved without being wound up
- Access Bank kept its name.
- Access Bank remained the legal entity.
- Herbert Wigwe remained Group CEO.
- Diamond Bank’s brand disappeared.

If this conversation was had in a Business Law class, you're right, its a Merger. But for any other class in Business School, it is an acquisition.

I can explain why it was structured this way, and it was strategic, even though that strategy largely failed in the end.

[Aproko Doctor Global @aproko_doctor]

Just so you know, hypertension isn’t the only condition that increases your risk of stroke.

Diabetes does too.

If you like, continue taking Kpish without checking your blood sugar levels.

[Man of Letters. @Letter_to_Jack]

JOB VACANCY IN ABEOKUTA 🚨🚨:

A leading non-interest commercial bank is urgently recruiting for the position of Customer Information Service officer (CIS) :

Requirements:
• HND/B.Sc. (Minimum of Lower Credit or Second Class Lower)
• Not more than 32 years of age
• NYSC Discharge Certificate is compulsory

Salary: ₦155,000 Net
(HMO and Pension also available)

Interested and qualified candidates should send their CVs to [email protected] with the Subject: "CIS" - ABEOKUTA

Only shortlisted candidates will be contacted.

[Docti-ify @fueki_lee]

Patient blood pressure is 240/140 mmhg, Blood sugar over 300mg/dl…..

MTOC called to review urgently

Relatives: So you will not discharge us today

Me:

[Aproko Doctor Global @aproko_doctor]

This is how to change your liv£r from fatty to normal liver!

Watch and learn to protect yourself.

[ásà nwá 🥑🤎📸 @artsyada__]

eye dey pain me ,una dey do “women on glasses >>>>>>”

[Island gworl🏝️ @ndzalyy_]

I wish tomorrow was December.

[Oreoluwa Bukola, CFA. @BukkyOA]

In Corporate, when you are invited to coffee, breakfast, or drinks, you do your best to attend.

I cannot say this enough. Attend.

[Sheila of the Most High @sheilatebra]

This ERA is called;

Because of your faith, it will happen. - Matthew 9:29 🤍

[B. @buhlesrevenge]

i wish tomorrow was Friday. i don't have energy for this week

[Oyo Affairs @Oyoaffairs]

Breaking: Governor Seyi Makinde calls on international human rights and United Nations to investigate Oriire abduction of SchoolChildren and Teachers.

[Mary Dada, ACA @MaryDada_]

@Okafor_SC @SteveDeleDada

[The_Bearded_Dr_Sina @the_beardedsina]

This is wrong though.
Breast cancer even though has a genetic basis is still multifactorial.

Which means apart from genetics, things like lifestyle, race, exposure to carcinogenic substances, exclusive breastfeeding (in this case), age menstruation was started, menopause and more influence risk of Cancer.

If you trace everyone's family tree back, you'd probably find one chronic illness in the lineage.

If we all used this, no one should be married ,because there is an illness that probably runs in your family too.

[The_Bearded_Dr_Sina @the_beardedsina]

People are saying "valid" because someone ended a relationship because The Guy's Mom and sister had Cancer.

Do y'all think Cancer just automatically just spreads to family members like that?

[Iyin😎 @O_ladele]

Engineering solutions when all the Engineers are writing ICAN.

Omi lo ma gbe gbogbo yin lo😀

[ICAN Success With Akin Obilana @AObilana]

IAS 36 - Impairment of Assets

Imagine you buy a bicycle for 100k

One year later

- it is old.
- Th tyres are worn out
- Nobody wants to pay more than 60k for it.

Today, it is worth less than 100k.

IAS 36 says assets should NOT be carried in the financial statements at more than the amount expected to be recovered from using or selling it.

If Recoverable Amount is less than Carrying Amount, this is called IMPAIRMENT.

Impairment simply means the asset has lost value.

IAS 36 requires a company to assess at each reporting date whether there is any indication that an asset may be impaired.

These indicators could be:

- significant decline in market value;
- adverse changes in technology
- increase in market interest rates
- physical damage

If you want to determine if an asset has suffered impairment, you will have to:

Step 1: Identify the recoverable amount.

The recoverable amount is the higher of (1) Fair Value less Cost to Sell and (2) Value in Use.

step 2: Compare the recoverable amount to the carrying amount.

If Carrying Amount > Recoverable Amount; Recognize Impairment loss

Accounting Treatment of Impairment loss:

Dr P & L
Cr PPE

Effect:
This causes a write down in the carrying value of a PPE and reduction in profit.

[Mila ✧ @aip551]

I’m at the age where I understand that paying a little extra for convenience and comfort is absolutely okay.

[PeePee🎀 @peegzy1]

Corporate tip:
If your HR or management asks you to speak freely, please don’t.