Olaniyan Olawale

My life,my treasure. Hereafter also my treasure. Allah guides me

[Olaniyan Olawale @walex_nicollo]

@hant_qudeee Amin. Jazakumllah Khairan

[Olaniyan Olawale @walex_nicollo]

@RealSamboFatiu @simplyiyanu @hant_qudeee Appreciate a copy too. [email protected]
Jazakumllah Khairan

[Olaniyan Olawale @walex_nicollo]

@BoucherNicolas Excel Template

[Olaniyan Olawale @walex_nicollo]

@SQuaribat @abdullahtosin72 Please share

[email protected]

[Olaniyan Olawale @walex_nicollo]

@aiishadahir Amin

[H’s mom @aiishadahir]

Rabbi inni lima anzalta ilayya min khairin faqeer

[Mufti Menk @muftimenk]

The Almighty knows you better than you know yourself. He knows everything about you to the minutest detail. Every dream in your heart, He is aware of. Whatever He gives you is for your own good. Whatever He withholds from your is also for your own good. So do not be sad.

[NERC Nigeria @NERCNG]

Are you having electricity issues? You can call 013444331, 09088999244 or send an email to [email protected].

[EFCC Nigeria @officialEFCC]

EFCC Alerts Public on ATM Swapping Fraud

The Economic and Financial Crimes Commission, EFCC, has been inundated with barrage of complaints from well-meaning Nigerians concerning unauthorized withdrawals from their bank accounts, which investigations by the Commission have linked to Automated Teller Machine, ATM, Debit Card swapping or fraud.

The modus operandi of fraudsters involved in this nefarious practice involves keeping a debit card of the same bank, and in the guise of helping a confused bank customer at any ATM point, swaps the card in such a hurry that the customer would not notice and at the same time memorises the pin used in trying the fake cards. These cards get stuck in the machine due to a wrong pin and the fraudster quickly abandons the victim, advising him/her to report to the bank while making away with the victim's card to make immediate withdrawals from the account.

This card swapping typically happens in any service delivery point, such as Point of Sale, POS, terminals, ATM points, among others. The fraudulent practice is gaining momentum across the country and the banking public is enjoined to be more circumspect in the use of debit cards.

In view of the foregoing, the following tips may be useful in avoiding further financial losses by the banking public.

1. Cards should be kept in sight or a safe place. Whenever you get your card back after making any payment, make sure it is actually your card and not just one that looks similar.

2. Regularly check your bank statements for any unknown transaction.

3. Set transaction alerts to monitor any activity on your accounts or with your bank card.

4. Cover the keypad with your hand or body when entering your PIN at POS terminal/ATM machines.

5. Do not be in a rush to make payments or withdrawals and request for assistance only from officials of the bank.

6. Call your banks to block your ATM cards immediately when your cards are stuck in the ATM machines or whenever you observe any irregularity.

7. Ensure you know your bank's ATM offline blocking code and quickly make use of it whenever it is misplaced or stolen.

8. Dial the USSD code *966*911# and follow the pop-up instructions to block your ATM card instantly.

The EFCC will not relent in safeguarding personal, corporate and national finances in its quest to rid our nation of all forms of economic and financial crimes.

Dele Oyewale
Head, Media & Publicity
November 27, 2023.

[Josh (Your CFO Guy) @YourCFOGuy]

When I first graduated, I thought there were only 2 directions you can go with an Accounting degree…

Audit, or Tax.

Man…was I wrong.

Accounting is one of the most versatile fields out there…

with benefits ranging from your career, to even your personal life.

There are 77 Types of Accounting..

Here are some of my favorite areas of Accounting:

1️⃣ Forensic Accounting 🕵️

Ever wish you became a private investigator, or a detective, instead of an accountant?

Forensic accounting may be a perfect fit.

Forensic accountants investigate financial discrepancies and fraud, often times working on legal cases to uncover any irregularities with a companies financial records.

2️⃣ Cash Accounting

Cash is king…right?

Well, that’s especially true if you’re performing “Cash” accounting.

The idea here is pretty simple - you record all money received as income…

and all money paid as an expense.

There are some exceptions here, but that’s the gist of it

3️⃣ Accrual Accounting

Accrual accounting is much more popular amongst bigger companies…

and IMO tells a much better story of what’s ACTUALLY happening.

Here, you treat income EARNED as revenue…

and expenses INCURRED as an expense…

regardless of when cash was received

4️⃣ Operational Accounting

Here’s one of my favorite fields in accounting…

With operational accounting, you’re handling the accounting tasks that relate to “operating” a company, such as…

→ Managing accounts payable

→ Following up on outstanding invoices

→ Processing payroll

and much more

While there are many fields in accounting, there are also many industries in accounting…each with their own quirks

5️⃣ Public Accounting

This is where I started my career…and where many feel it’s the best place to launch your career as an accountant.

The main focus here is between 2 fields: Auditing, and Tax, often times for public companies.

The most popular public accounting firms are known as “The Big 4”…which are Ernst & Young, KPMG, Deloitte, and Price Waterhouse Coopers

6️⃣ SaaS Accounting

For the most part, SaaS is just another industry, without too many nuances from any other industry…but it definitely has it’s quirks.

For example, with SaaS accounting, there’s a lot of emphasis on deferred revenue, and when something can be recognized as revenue.

Similarly, an extra emphasis is put on calculating KPIs such as Customer Acquisition Cost, Customer Payback, and Net Dollar retention.

7️⃣ Restaurant Accounting

Think you can easily transition to an industry like Restaurant Accounting? Be prepared for a lot of differences.

For example, instead of analyzing dozens of transactions a month…

you may be analyzing thousands of transactions a DAY…

each with their own complexities in reconciling and reporting

What are some other type of accounting you’ve seen or worked with?

And which is your favorite?

Let me know in the comments below...

[Learn Excel to excel @exceltoexcel]

#Excel XLOOKUP vs VLOOKUP

Latest Excel videos: https://t.co/IYYn9k4Trl

XLOOKUP is one of many amazing upgrades we have recently in Excel!

Following is a summary of how XLOOKUP hulk-smashes VLOOKUP black and blue!

❤ + RT + Follow!

[Excel Dictionary @exceldictionary]

Part 2 of my XLOOKUP vs. VLOOKUP YouTube series is officially live - How to use XLOOKUP. 🙌🏼 Watch now to learn everything you need to know about Excel's XLOOKUP function with 5 step-by-step examples and more!
https://t.co/IduV6UsLAe

[The Investing for Beginners Podcast @IFB_podcast]

ROIC is important

WACC is important.

But the gap between the 2 is BIGLY important.

The greater the gap, the better.

[Nicolas Boucher @BoucherNicolas]

Sensitivity Analysis

Open the thread to see all the details!

[Nicolas Boucher @BoucherNicolas]

Crack the code of Activity Based Costing (ABC) with this free mini guide!

[Nicolas Boucher @BoucherNicolas]

Bank Reconciliation guide

Bookmark this if you work in Accounting

[Josh (Your CFO Guy) @YourCFOGuy]

This is one of my favorite methods of presenting financial information each month

Month over Month Financial Dashboard

Showcase what happened, and how it compared to last month

What's yours?

[Josh (Your CFO Guy) @YourCFOGuy]

Learn about Working Capital

[Nicolas Boucher @BoucherNicolas]

My top 10 Manufacturing KPIs

Unroll this thread & save it for later

[Nicolas Boucher @BoucherNicolas]

Bank reconciliation guide

Bookmark this if you work in Accounting