Praise Samuel

Associate Chartered Accountant (ACA) || FP&A

[Migrate with Michael @Migrate_tm]

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[Praise Samuel @praisesam23]

Amen! 🙏🏽

[NEON ADEJO @NeonAdejo]

I’m led to pray this for someone today:

Every garment that makes you less attractive to your blessings is removed from you now, in Jesus name. 🙏

[NEON ADEJO @NeonAdejo]

I’m led to pray this for someone today:

Every garment that makes you less attractive to your blessings is removed from you now, in Jesus name. 🙏

[Sir Dickson @Wizarab10]

This babe said she wants the type of guy that would ask her if she is free in 2 weeks because he wants to fly her to Dubai and fly her first class. She said any man that flies her economy is a useless person.

Such a person cannot love you and has zero desire to love. This performative love that is Instagrammable is delusional.
.
.
.

There is a lady that loves Malta Guinness. My guy bought her two crates and she melted in his arms. I know another one that loves avocado and anytime her man buys avocado for her, she lights up like a child. True desire!

I always wonder if you people don't enjoy life's little pleasure. Don't you have something that you genuinely enjoy when nobody is watching? You see that mama that sells ewa agoyin and soft bread that you enjoy, tell your date you love her food. You love climbing trees and plucking ebelebo, tell your person. You enjoy the silliness of solidifying milo and chewing on it like a snack, tell your person. If you're afraid to tell your person what you really enjoy, it is not love. 1Jn 4:18 says "there is no fear in love. But perfect love drives out fear, because fear has to do with punishment. The one who fears is not made perfect in love."

Try to enjoy things that do not require external validation. A girl saw a public proposal and she spoke out that if she doesn't get something like this, she is not accepting it because she does not deserve less. Her friend asked her, would you be okay getting it if you won't have to post it on social media and she said No. So it is not that she actually likes it, she just wants to pepper people and get validation. Some of the thing you people crave, you do not really care about it. You just feel like it elevates you in people's eyes.

Don't murder the child in you trying to live up to external validation. Do the things that make the child in you, light up.

[Sophia ❣️ @KeruboSk]

I missed the last train in Seoul once.

Phone at 3%. Didn’t speak Korean. It was raining, freezing, and I had no idea where I was supposed to go.

I tried calling an Uber but my card kept failing because of my bank fraud protection. Perfect timing.

I was standing outside the station looking completely defeated when this older woman walked up to me and started speaking Korean. I told her I didn’t understand.

She pulled out her phone translator and typed:“You are lost?”

I nodded.

She asked where I was staying, looked at the address, then motioned for me to follow her.

This woman walked me almost 15 minutes through side streets, holding her umbrella over both of us while I apologized every thirty seconds.

When we got to my hotel, I tried offering her cash for helping me.

She looked genuinely offended.

Typed into the translator again:“If my son was lost somewhere, I hope someone helps him too.”

Then she bowed and walked away in the rain before I could even process what happened.

Some places still treat strangers like human beings first.

[Praise Samuel @praisesam23]

😂😂😂😂😂

[‘Layomi Azeez @MakanakiBrand]

I applied to your firm for a job, you sent me rejection letter, very normal. I took it.

What I won’t take is you adding me to your subscribers, sending me news letter. You too dey go!!!

[Praise Samuel @praisesam23]

Poor mannerism (as weird as this sounds😂)
Emotionally unintelligent.

[Joshima 美好的 @oktek_dev]

What is a sign of very low intelligence?

[Praise Samuel @praisesam23]

When I understand that everything happening to me is to make me more Christ-like, it resolves a great deal of anxiety😌

[Praise Samuel @praisesam23]

The little things? The little moments?
They aren't little.

[Praise Samuel @praisesam23]

@TeeClassy29 This bothers me a lot 😩

[Taiwo Mercy Akintunde @TeeClassy29]

The truth is, if you don’t keep practicing and reading these things, you will forget them.

Name them:
- Excel formulas
- Charts
- Finance tools
- Accounting skills
- IFRS, IAS

So the secret is: “Keep practicing them” 😌

[feyisayo 💸 @feyiszn]

Please stop calling people sensitive as an insult just because you don't have the emotional intelligence to understand things on a deeper level. This world needs sensitive people, empathy is a good trait to have.

[Iwelabi @Iwelabi1]

Just a random thought on a simple approach to preparing a management account from scratch:

1. Get the bank statement and analyse the same.
- At first, focus on analysing the cash movement only.
- Categorise them between inflows and outflows
- Create different account heads (e.g revenue, cost of sales, transportation, electricity, etc) based on frequency of transactions
- Use pivot to create ledgers and subsequently create your trial balance
- Ensure your trial balance balances (Dr - Cr = 0)

2. Introduce an "Adjustments" column in your trial balance (i.e., you should have 3 columns at the end: Trial Balance, Adjustments, Adjusted Trial Balance).
- Time to consider Non-Cash items. Ask a couple of questions:
- Was all revenue paid for and earned during the period? If all is paid for and earned, fine. If not, recognise receivable for the part of revenue that was earned but cash wasn't received for. Likewise, for those cash inflows relating to revenues that were received but services weren't rendered or goods weren't delivered during the period, you should recognise "contract liability."
- What about the assets used during the year of operations? Did the company purchase any assets? Get info about this and create a PPE policy to depreciate the assets. This should be for both tangible and intangible assets.
- Ask if there were any services/goods enjoyed during the period for which payments were not made. Recognise the payable on this. Also, often times, directors spend money on behalf of the business. Ask and recognise the payable, too.
- Pass journals for all the non-cash items and ensure the movement in your journal balances, as well as your adjustment column in your TB.
- Get the CAC document to know share capital for the period and get info on paid share capital. Recognise a Credit as necessary. The debit follows whatever you find out—whether the share capital was paid for directly or funded through other means.

3. Balance the Adjusted TB.

4. Prepare your 3 statements as simple as follows:
- Income Statement: Revenue, COGS, Gross Profit, Other Income, OPEX, EBITDA, EBIT, and Net Income
- Statement of Financial Position: NCA, Current Assets, Total Assets, Equity, NCL, Current Liability, Total Equity and Liability
- Statement of Cash Flow: Operating Activities, Investing Activities, Financing Activities, Opening Cash Balance, Changes during the year, and Closing Cash Balance

Following the above, you should be able to confidently build a simple 3-financial statement from scratch.

Cheers,
#Iwelabi.

[Teacher Cee @Sinteeaah]

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[Praise Samuel @praisesam23]

@kammcheey_ What an awesome God

[Praise Samuel @praisesam23]

@dao_fugleman @eyowo Same here. It's not even funny at all.

[Praise Samuel @praisesam23]

@eyowo Please how do I rectify the issue of money sent to a wrong account number but then no name appeared there( although the transfer was successful) please how do I get a refund?

[Praise Samuel @praisesam23]

@cowrywise Please how do I withdraw my money from my savings before maturity, it's urgent please.