Is Proliferation A Worse Evil? | By: Femi Oladele

There is
evident shortage of competent accountants in Nigeria (World Bank, 2011), even
world over according to studies such as Jackling and Keneley (2009) in
Australia; Nor, Zaini, and Zahid (2013) in Malaysia; Hammond, Danko and
Braswell (2015) in the US. Professional bodies and tertiary institutions are
addressing this issue vigorously. One approach seen in Nigeria is the
proliferation of professional accounting bodies. Furthermore, for the
purpose of tenure and promotion, an academic may be required to possess
affiliations in the form of membership with professional accountancy
organizations, PAOs; as an associate or a fellow. This has placed demand on
PAOs to churn out qualified accountants for industry placements and academia.
However, the
requirements of established PAOs are turning out to be like the biblical issue
when God insisted that He would not lower his standard for any man, for any
reason. Commentators
and observers have attributed as reasons for the proliferation of professional
accounting bodies to inability to pass qualifying examinations of established
bodies, high cost of acquiring membership of older associations, regional
affinities and other economic factors.
There
are still strong indications that only two professional accounting bodies exist
in Nigeria that is, ANAN and ICAN (World Bank, 2011), while more than, ten
professional accountancy bodies are operating in Nigeria.
Here
below are professional bodies that operate in Nigeria without legislative
backing:
Non-Statute backed Professional Accounting
Bodies in Nigeria
S/N
Professional
bodies
(in
alphabetical order)
Website
YOE
Member’s Designation
1.      
 
Association of Cost and Management Accountants
ACMA
2000
ACMA, FCMA
2.      
 
Association of Financial and Management Accountants of
Nigeria
AFMAN
2010
AFMA, FFMA
3.      
 
Chartered Association 
of International Accountants of Nigeria
CAIAN
2000
ACIA, FCIA
4.      
 
Chartered Institute of Cost and Management Accountants
CICMA
2000
ACMA, FCMA
5.      
 
Chartered Institute of Finance and Control of Nigeria
CIFCN
NI
ACIFC, FCIFC
6.      
 
Chartered Institute of Management Accountants of Nigeria
CIMAN
1977
ACMAN, FCMAN
7.      
 
*Institute of Certified Public Accountants of Nigeria
ICPAN
1988
CPA, FCPA
8.      
 
Institute of Company and Commercial Accountants of Nigeria
ICCA
1999
ACCA, FCCA
9.      
 
Institute of Forensic Accountants of Nigeria
IFA
NI
CFA, FFA
YOE: Year of establishment NI:
No information *ICPAN claim their Bill is awaiting Presidential assent




Statute-backed Professional Accounting
Bodies in Nigeria
S/N
Professional
bodies
(in
alphabetical order)
Website
YOE
YOS
Member’s Designation
1.      
 
Association of National Accountants of Nigeria
ANAN
1979
1993
CNA, FCNA
2.      
 
Chartered Institute of Taxation of Nigeria
CITN
1982
1992
ACTI, FCTI
3.      
 
Institute of Chartered Accountants of Nigeria
ICAN
1960
1965
ACA,
FCA, RA
YOE: Year of establishment; YOS:
Year of status
Kindly note
that the above list is limited to domiciled professional accountancy bodies.
International bodies such as listed below are recognized in Nigeria.
S/N
Name
Acronym
Website
Country
1.      
 
American Institute of Certified Public Accountant
AICPA
United States of America
2.      
 
Association of Chartered Certified Accountants
ACCA
United Kingdom
3.      
 
Canadian Institute of Chartered Accountants
CICA
Canada
4.      
 
Chartered Institute of Management Accountant
CIMA
United Kingdom
5.      
 
Chartered Institute of Public Finance and Accountancy
CIPFA
United Kingdom
6.      
 
Institute of Chartered Accountants in England and Wales
ICAEW
United Kingdom
Errors of professional accounting bodies in Nigeria
Apart from the fact that Acts of Parliament do not back some of the
existing and operating professional accounting bodies in Nigeria, some indulge
in unethical practices identified below:
1.     
Use of language claiming to be the only
recognized or leading body of professional accountants, though it is a new
venture (evidence from date of establishment);
2.     
Use of conflicting and irregular addresses;
3.     
Strive to ‘collect’ money from desperate academics who cannot secure
membership of more established bodies;
4.     
Have a “contact us” page that only includes a
web form, but never responds to enquiries or request for information through
the medium;
5.     
Poorly designed and maintained websites;
6.     
Excessive grammatical and typographical errors
on the websites;
7.     
Brandish promises to obtain legislative approval
and presidential assent;
8.     
Does not belong to or is not recognized by
a.      
Association of Accountancy Bodies in West Africa
(ABWA);
b.     
International Federation of Accountants (IFAC);
c.      
Pan African Federation of Accountants
(PAFA) etc;
9.     
Use the word “chartered” even without a valid
charter; and
10.  Hide
information about Council members.
Conclusion
If the
interest of upcoming professional accounting bodies is to instill the requisite
awareness, knowledge and skill competencies in their members for sustained
relevance of the accounting profession, then there must be dedicated interest
in understanding the dynamic nature of accounting profession, development of
assessment criteria and continuous professional development.   
References
Hammond, T., Danko, K., and Braswell, M. (2015).
U.S. accounting professors’ perspectives on
            textbook
revisions. Journal of Accounting Education.
            http://doi.org/10.1016/j.jaccedu.2015.06.004
Jackling, B. and Keneley, M. (2009). “Influences on the
supply of accounting graduates in
            Australia:
a focus on international students”, Accounting
and Finance, 49
, 141-
            159
DOI: 10.1111/j.1467-629X.2008.00273.x
Nor, A. S., Zaini, R. M. and Zahid, S. M. (2013). Shortage
of accountants: does mentoring
            helps
to increase the number? Proceeding of the
International Conference on Social
            Science
Research
, Penang, Malaysia. 601-609
World Bank (2011). Report
on the observance of standards and codes (accounting and auditing)
        
     in
Nigeria,
1-32 accessed from http://worldbank.org

Accountancy Glossary  http://www.arnoldhill.co.uk/accountancy-glossary/

  

How I Got My Body Back After Pregnancy

Pregnancy’s
the best thing that’s happened in my entire life as a woman and the birth of my
baby girl surpasses the anxiety I felt while pregnant. I see her and I’m all
smiles. Asides the deposit she left on me (stretch marks and belly fat), everything
else in my life is back to normal and even better. After her birth, My MIL
(Mother-In-Law) gave me “agbo” (Herbs) hen, just to help with the
tummy shrinking. Well, it worked for the set duration but not a permanent solution.
I am not as free as i was during my pre-pregnancy. I needed the confidence back
badly.

I saw the
waist training Ads of Shapers9ja and told myself, “After all, there is no harm
trying”. I bought a waist trainer from shapers9ja and i started using it.
At first, it seemed like it was taking forever. In 4weeks, after wearing it for
at least 6-8hrs a day, Mehn, never been this confident in a while. No stress at
all. All I can say is that it’s been a success story. They are affordable and
the products are durable.

Share
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This teacher's resignation letter is trending on facebook

A teacher in a Florida-based school recently resigned from the institution for a very astonishing reason. She can no longer continue to see her students cry whenever they fail their tasks. Wendy noted that forcing these kids to attempt school work that is inappropriate for their age hinders their learning process and also brings out negative patterns of behaviour in them. Details of the letter below

*******
Today I resigned from the school district. I would like to share with you what I gave them. Feel free to share it if it strikes you as important.

To: The School Board of Polk County, Florida
I love teaching. I love seeing my students’ eyes light up when they grasp a new concept and their bodies straighten with pride and satisfaction when they persevere and accomplish a personal goal. I love watching them practice being good citizens by working with their peers to puzzle out problems, negotiate roles, and share their experiences and understandings of the world. I wanted nothing more than to serve the students of this county, my home, by teaching students and preparing new teachers to teach students well.
To this end, I obtained my undergraduate, masters, and doctoral degrees in the field of education. I spent countless hours after school and on weekends poring over research so that I would know and be able to implement the most appropriate and effective methods with my students and encourage their learning and positive attitudes towards learning. I spent countless hours in my classroom conferencing with families and other teachers, reviewing data I collected, and reflecting on my practice so that I could design and differentiate instruction that would best meet the needs of my students each year. I not only love teaching, I am excellent at it, even by the flawed metrics used up until this point. Every evaluation I received rated me as highly effective.
Like many other teachers across the nation, I have become more and more disturbed by the misguided reforms taking place which are robbing my students of a developmentally appropriate education. Developmentally appropriate practice is the bedrock upon which early childhood education best practices are based, and has decades of empirical support behind it. However, the new reforms not only disregard this research, they are actively forcing teachers to engage in practices which are not only ineffective but actively harmful to child development and the learning process. I am absolutely willing to back up these statements with literature from the research base, but I doubt it will be asked for.
However, I must be honest. This letter is also deeply personal. I just cannot justify making students cry anymore. They cry with frustration as they are asked to attempt tasks well out of their zone of proximal development. They cry as their hands shake trying to use an antiquated computer mouse on a ten year old desktop computer which they have little experience with, as the computer lab is always closed for testing. Their shoulders slump with defeat as they are put in front of poorly written tests that they cannot read, but must attempt. Their eyes fill with tears as they hunt for letters they have only recently learned so that they can type in responses with little hands which are too small to span the keyboard.
The children don’t only cry. Some misbehave so that they will be the ‘bad kid’ not the ‘stupid kid’, or because their little bodies just can’t sit quietly anymore, or because they don’t know the social rules of school and there is no time to teach them. My master’s degree work focused on behavior disorders, so I can say with confidence that it is not the children who are disordered. The disorder is in the system which requires them to attempt curriculum and demonstrate behaviors far beyond what is appropriate for their age.
The disorder is in the system which bars teachers from differentiating instruction meaningfully, which threatens disciplinary action if they decide their students need a five minute break from a difficult concept, or to extend a lesson which is exceptionally engaging. The disorder is in a system which has decided that students and teachers must be regimented to the minute and punished if they deviate. The disorder is in the system which values the scores on wildly inappropriate assessments more than teaching students in a meaningful and research based manner.
On June 8, 2015 my life changed when I gave birth to my daughter. I remember cradling her in the hospital bed on our first night together and thinking, “In five years you will be in kindergarten and will go to school with me.” That thought should have brought me joy, but instead it brought dread.
I will not subject my child to this disordered system, and I can no longer in good conscience be a part of it myself. Please accept my resignation from Polk County Public Schools.

Best,
Wendy Bradshaw, Ph.D.

50,000 Nigerian Girls Die Of Abortion Complications Annually – NMA

The Nigeria Medical Association Committee on Girl Child Education has revealed that more than
50, 000 Nigerian girl-children die annually of complications arising from poorly done abortions.
National President of the Committee, Chidi Esike while speaking during an awareness campaign organized by the Committee at Model Girls’ Secondary School, Ugwuachara, Ebonyi State, said most of these young girls lack sex education and are thus influenced by their peers to engage in sexual activities.
He however implored the female students to focus on their studies and avoid distractions that often lead them to have sex before they are mature.
“The theme of this particular project is Adolescence and the Education of the Girl Child-Negotiating the Mine Field. We decided to interact with the students to create awareness of the major challenges facing them in their education through lectures and help them find best solutions that will make their education most effective,” Dr. Esike said.

"I left Madrid through the back door"- Di Maria

Former Real Madrid player, Angel Di Maria has claimed that the Spanish club sold him to Manchester United last year to cover the signings of Toni Kroos and James Rodriguez, who cost £20m and £63m respectively. Recall that the Argentine moved to Old Trafford for a record fee of £59.7m in August 2014.
He told Guardian in a recent interview that contrary to reports that he was lured with a bigger pay package to England, the 27 year-old who later joined PSG for £44.3m said he didn’t leave for the money.

“They wanted to cover the costs of the great players they had signed that summer. I didn’t leave for money. I wanted to see if I could renew and they didn’t want me to. They wanted to cover the costs of the great players they had signed that summer. I had to leave by the back door. It wasn’t how I would have wanted.” He revealed.

After 22yrs In US Prison, Obama Grants Yakubu Gowon's Son, Musa Clemency

On November 18, 1992, agents of the Drug Enforcement Administration and the United States Customs Service arrested Musa, Jack Spencer, for conspiring to import in excess of one kilogram of heroin.  

Jack Musa Gowon who was 23 years old at that time was sentenced to 40 years imprisonment  for the allegation of smuggling  heroin from source countries,1 such as Thailand or Burma, via non-source countries, such as Switzerland or Austria. Jack Musa Gowon protested vehemently through his legal team  that he was innocent and was framed up and his protest were ignored by the Jury  and rather  was harshly  sentenced to 324 months in prison followed by five years of supervised release.  
Musa timely appealed, challenging the admission into evidence of the Hotel Guide, the sufficiency of the evidence supporting his conviction, and the district court’s upward adjustment of his base offense level on the basis that he was an organizer or leader in the conspiracy. When the appeal to quash his conviction failed, Musa took that decision  in his stride believing set back like this is not end of his life.

As an inmate of Taft Correctional Facility, Musa Jack Gowon was a role model and a legal adviser to all the inmates. He was well behaved and a source of inspiration to co- inmates  who have given up on life The prison warden loved and worshiped the ground he tread on.
Permit me to mention that Musa  enrolled in one of the universities around and successfully graduated with a degree in Law as a prison inmate. This commendable act of Leadership did not go unnoticed and he was rewarded severally by prison authorities. While all these were going on, Musa’s  family has never stopped fighting to get him out of prison and calls for his release began to grow louder.
Happy to report that President Obama heard the calls for Musa’s release and acted in that regard by granting him a parole. Musa walked out of Taft Correctional Facility Bakersfield California as a free man on November 2nd  and he is currently at  ICE Detention Center Bakersfield CA where he will be deported back to Nigeria any moment from now.
Musa Jack Ngonaadi is grateful to his Dad, General Yakubu Gowon, his friends and his relatives from his maternal side who  stood by him and supported him also all through the period of his unjust  incarceration that he did not commit the crime he was wrongly accused of

Musa will narrate his own side of the story very soon and he is grateful to God who kept him alive and well to see this day.

Written by Barrister Chukwudi Iwuchukwu,
Principal founder
Visage Media. 

Club owner banned for locking referee in the stadium.

Some stories you hear in this life! Turkish club, Trabzonspor president, Ibrahim Ethem Haciosmanoglu and some members of his board have been banned for locking a referee in his dressing room.
They punished the match official, Cagatay Sahan and his assistant because of his decision not to award their team a penalty late in last Wednesday’s 2-2 draw with Gaziantepspor. They weren’t released until Turkey’s president Recep Tayyip Erdogan intervened.
“I told stadium security not to let the referees leave until the morning, until I arrived, but a very important person called me and asked me not to cause embarrassment in Turkey and around the world. “ He later claimed on his club’s website that the decision was borne out of the need to protect the official from being mobbed.
“Our goal was to protect the referees from the crowd in Trabzon. We also arranged for the referees to leave the city without any problems.”
While Haciosmanoglu was handed 280 days ban and fined 150,000 Turkish lira (£34,250) by The Turkish Football Federation Uzunay others were fined amounts between £45,000 and £60,000. The club will also play two matches behind closed doors.

Wedding Tinz |By: Charly Boy

Last week as I stayed glued to CNN because of the forth coming American election, I saw a mini documentary on Weddings, The Naija style. I must say that from time, we do know how to put on a show, especially my brothers from the west.

We as Africans are generally boisterous people. We love events and for us, everything is a large party and the larger the party, the more successful an occasion is interpreted to be. Naming ceremonies, weddings, even funerals have become one big jamboree and my personal opinion is that we are losing the significance of this occasions which are meant to be solemn by the noisy chaos we have around it. I’m particularly going to focus on wedding tins.
Several months ago, my last son came to me to talk about his impending marriage and of course the wedding planning came up. He was expecting to have a high society wedding at my expense (Hmmm see jobbing) but I told the young lad that it is whatever he can save for his wedding that will be the budget for it.

Nobody paid for mine so he has to be disciplined enough to raise the money he needs for his. Of course as an entertainer and a showbiz personality it is easy to surmise that I will like large occasions shown by my late father’s burial which was a carnival of sort, but I still think that most of what we spend is unnecessary. Let me begin by saying that in modern days, the ceremony of weddings has become more important than the marriage act itself. Which is why we find the fragile institution of marriage collapsing.
I’ll have to say to some certain degree that elaborate functions are not always a bad idea especially when the person hosting it is spending money as a result of their hard work and not stolen or borrowed money.
It is normal for people to show off and have elaborate and flamboyant ceremonies, that’s one of the factors that differentiate us from animals. I also believe that simple is beautiful, but some occasions call for an elaborate celebration especially when it’s a once in a life time event. What better way to make the moment memorable than to make it elegant. However, what I find most worrisome is that some people go as far as borrowing money from the banks, other financial institutions, friends and family members just to celebrate weddings, burials, birthday parties, and the most upsetting part, is that after the show is over, then you still see them long after, struggling to meet up with the basic daily requirements of living? Why can’t they have a business plan in which they can invest that money and get returns or something more profitable.
One of my favorite sayings is, “cut your coat according to your size not your neighbor’s size” abegi. Why must one go a borrowing just to impress people when the aftermath of the ceremony leaves you in debt especially at the point where you have to start to think of someone else in regards to raising a family.
My advice to young people is that it’s not how expensive your occasion is that guarantees a stable married life. Instead of spending such a huge amount, to have an elaborate wedding and when the debts pile up, the quarrels will begin, the advice I give young couples is that they should have a long financial discussion before marriage, issues like who pays what bills and when should be addressed. One of the major conflicts people have in marriages is always financially related so it is very important to have this talk about the kind of financial future they want to have and strategize on how they intend to achieve it. Abi? Weytin you think.

MMIA Arrival; Is this what Nigeria is actually all about? | By: Temitope Bolarinwa

Airports have a way of setting your mind up for what to expect when you get to a new place. The popular expression is first impression. From that moment on, you subconsciously decide your disposition towards every experience you have in that place. Sometimes when you marry that primary engagement with what you were told before embarking on your journey, you just want to get what you have come to do over and done with in good time and get yourself back to your comfort zone. It is not all about pleasure; the aura around the arrival terminal of an airport forms the core of how people who have come to that destination to do business create their disposition to life in the new destination. An unpleasant experience could leave a lasting memory with unfathomable ripple effect.
If you have ever arrived into Murtala Mohammed International airport, Lagos, Nigeria especially at night time or you have been there at this time to meet an arriving friend or associate you know exactly what I am talking about. While I have no gloom to share or spare, I would not paint a dire picture of the experience for those who have not for the singular sake of patriotism. I would just start and end by saying it is very disorderly and rowdy.
I have wondered for some time now how this experience can be improved and I have an idea I wish to share. I would appreciate your sincere comments and ideas about this problem. I am saying as clear as possible that this is not a panacea.
Instead of having all the cars come to the front off the arrivals exit to pick up their family and friends, the front of the arrivals terminal can be made to be a bust terminal where all arriving passengers would come to board well regulated and customer focused airport operated buses that would convene passengers to the car parks where the real magic would occur. (Provided there is enough space at the car park or more space can be created as the car park which is at the moment referred to as a temporary one may be too small to fit all the traffic. The car parks can be in more than one location with buses leaving the arrival terminal adequately signifying destination car park and other details)
The car parks need to be remodelled
The car pack needs to be divided into sections denoted by alphabetic nomenclature and each parking lot needs to be marked by alphanumeric nomenclatures. This may be a bit expensive but it is sure better than the disorder that we currently have. 
The buses that will convene arriving passengers from the exit of the arrival terminals would then be marked by the Alphabetic naming that the car parks would have and there would be bus stands at the arrivals area for each alphabet.
Family, friends and associates of the arriving passengers would then inform them of their parked location, for instance if I have come to pick my friend and I have parked at parking lot 26 in the Parking Area C. I will just tell him I have parked at C26 and he will join bus C from the arrival area. Bus C would then drop all passengers who have boarded targeting the C area at a bus stand in the C area and my friend in this case would easily find lot 26, then we would drive out at our own pace and keep moving all the way without any reason to stop.
This would reduce the security and safety stress arriving passengers face arriving into Nigeria, greatly improving passenger experience. It would also take away traffic stress that has inundated the airport area at peak periods.
Have a thought and comment freely.

Predict Chelsea Vs Dynamo Kiev and win N1000 Airtime

Photo published for When is Chelsea vs Dynamo Kiev in the Champions League and what TV channel is it on?
Hello Readers,

It’s another Predict and Win segment on the blog. To Win N1000 airtime all you need to do is predict the score line of the match between Chelsea Vs Dynamo Kiev coming up tonight. 


Post A Comment with your prediction and your contact phone number Or email address.  We will contact you when you win. The first correct answer wins. Prediction ends by 7:pm
 Good luck‎!

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