FinIntelligence Hub

Here we go with our latest episode!🙏🏼❤️

🚨 *DANGOTE IPO: BEFORE YOU CLICK “BUY”… WATCH THIS!* 👀

The Dangote Refinery IPO is probably one of the biggest investment stories in Nigeria right now. ₦525 per share, ₦2.15 trillion being raised, billions in projected growth… and plenty of headlines! 📰🔥

But here’s the thing..

*There is always more to an IPO than the headline. 😅*

So I’ve just published a new video on FinIntelligence Hub titled:

🎯 “ *DANGOTE's Refinery IPO: 7 Things You Are Probably NOT Being Told”*

Link here - https://youtu.be/81fd8xx-mSc?si=98Fbn9L0m1vFpn7i

And note that this is not a video telling you “DON’T BUY DANGOTE.”

Far from it.

The objective is simple:

👉 What information might you have missed while everyone is talking about the ₦525 offer price and other major headlines about the IPO?

I went beyond the headline and looked at things such as:

💰 The ₦2.15tn IPO versus the roughly $14.3bn expansion requirement

📈 The impressive $1.8bn H1 2026 profit but can those conditions be sustained?

🏭 Concentration risk — what happens when a massive business is concentrated in one location?

⚔️ Competition — what happens when other refineries and other importing countries refineries become more operational?

🌱 The longer-term impact of cleaner energy, EVs, hybrids, renewables and changing fuel demand

⚖️ The 14 pending legal matters disclosed in the prospectus

🧾 And a potentially important tax change from 2028

The goal isn't to create fear. It is to make sure that before you make a decision, you understand what you are actually buying into.

Because sometimes, the most important information isn't in the headline. It's in the footnotes. 📖👀

And please, don't let anybody convince you that reading a prospectus is boring. 😂

Your money doesn't think it's boring! 💰🤣

🎥 Watch the full video on FinIntelligence Hub and make your decision with more information, not just more excitement.

Knowledge first. Decision second. 💡📊

Dangote IPO: 7 Must Know Facts You Probably May Have Not Been Told- #Dangoterefinery #IPO #Investing The Dangote Refinery IPO is finally here and everywhere is buzzing ...

Warm Greetings my people!

The wait is now over and I am very pleased to announce that FinIntelligence Hub is now live!

This is your one stop shop / platform for everything Finance, covering personal and business finance, Financial reporting, Auditing, Investment & Savings and Global business update......

Stay ahead and relevant!

🚀 FIRST EPISODE IS NOW OUT!🙏❤️

https://youtu.be/iMWCQrUBveY?si=daZpQnNfrt8TD0lm

For too long, many people still struggle financially — not because they are not earning well or disciplined, but because there are more fundamental little but great money management hacks that are been ignored.

Today, I’m excited to launch the first episode of FinIntelligence Hub, titled:

👉 “Enough of Financial Bleeding — Take Control of Your Finance Permanently.”

In this episode, I break down simple, practical and intelligent steps to help you take charge of your money, stop financial leakage, and build long-term financial confidence.

Other episodes to look forward to:

1. How to have a smooth and painless external audit

2. Analyse the balance sheet like a Pro in 20 minutes

3. Financial Due Diligence - What to watch out for!

4. Truth & Myths about Debts

5. IFRS 18 is coming! Are you ready?

6. Mortgage Versus Renting - What you need to know!

7. Investment Valuation Hacks - From a Practical Lens!

8. Is Cash really the King?

9. Transitioning from audit to industry career roles? Listen to this!

10. How to conduct a smooth year end close process, e.t.c

Kindly support us by subscribing, following and sharing. Below are the links to our various channels:

Youtube - https://lnkd.in/ekbH35dr

Tiktok - https://lnkd.in/eUJfnshr

WhatsApp - https://lnkd.in/ewBeYyhQ

Many thanks
Seye

Practical Ways to Take Control of Your Finances, No More Financial Bleeding - FinIntelligence Hub Still struggling with your finance? Do you feel like money comes in and disappears instantly?Do you want to finally take control of your finances?You need to...

Intensive Free ICAN Revision for November 2019 Diet.

Organised by:

Risk-free Standard Associates Limited.

This is to inform the general students of ICAN writing this November diet that there shall be free revision for all ICAN students. This is what we do to support students preparation in a way that guarantees success.

* Are you writing this diet but you are still unsure of your readiness for the exam?
* Do you need the fastest way out to understand what you have been struggling with?
* Are you seriously yearning for the next level?
* Is the new syllabus scaring you?
* Do you want to know better about those subjects?
* Are you aware of the skills and competencies required to pass this exam?

If the above is applicable to you, you better find you way to Risk-free Standard Associates Limited

Location: No 5, Olusoji Idowu Street, Obanikoro Bus stop, Ilupeju, Lagos.

Intensive Revision Timetable

Saturday November 2, 2019

Professional Level Time
Strategic Fin. Mgt. 8am -7pm

Skill Level
Taxation. 8am - 1pm
PSAF. 1pm -7pm

Foundation
Taxation. 8am - 1pm
Bus. Law 1am - 7pm

Sunday November 3, 2019

Professional Level Time
Corporate Reporting. 8am -7pm

Skill Level
Financial Reporting 8am - 7pm

Foundation
Financial Acctng. 8am - 7pm

Saturday November 9, 2019

Professional Level Time
Advanced Taxation. 8am -1pm
Case Study. 2pm - 7pm

Skill Level
Audit & Assurance 8am - 1pm
CSME (Ikorodu Br) 2pm - 7pm

Foundation
M. I 8am - 1pm

Sunday November 10, 2019

Professional Level Time AAA. 8am - 7pm

Skill Level
Performance Mgt. 8am - 7pm

Foundation
BMF 8am - 1pm

Note: All subjects except for CSME will hold at Riskfree Standard Associates Limited, No 5 Olusoji Idowu Street, Obanikoro Bustop, Ilupeju, Lagos.

CSME will hold at Agric - Ikorodu branch of Risk-free Standard Associates Ltd.

Location: Achievers Primary School, Ishawo Road, Agric Bustop. Lagos.

For more info, please contact:
+2348039475507, 07035984697
01-3423986.

Note: It is absolutely free.
Kindly share with your colleagues. We are sure they will thank you.

Testimonies loading.......

Oluseye John

Financial Statement Analysis & Interpretation - Part 1

By

Oluseye John (ACFRC)

Users of financial statements need financial information to make their economic decisions. It is believed that information is not complete until it is understood by the users. That is why we have "Understandability" as one of the characteristics of financial statements information. However, how will a user make his or her economic decision about a company when he/she cannot interpret or decode the financial information of that company? This is the reason why the analysis and interpretation of financial statements is essential.

What is financial statements analysis & interpretation?

It is the process or an act of assessing the financial performance, financial position and cash flow status of an entity with the use of tools and techniques necessary to understanding the financial statements.

Users (existing and potential) require information about an entity in order to make decisions on what and where to spend their money. However, all these users have different expectations and interest. They all depend on the general purpose financial statement to make their investment/capital allocation decision. For example, a shareholder will be more interested in the profitability of a company while a bank will be more interested in the liquidity position of the company. They don't always have to make use of the same information or have same expectations. Their expectations and needs drives their information need

So, in analysing and interpreting a company's financial statements, attention should be paid to all available information e.g Statement of Profit or Loss which shows the financial performance, Statement of Financial Position which shows the financial status, Statement of Cash flows which shows the liquidity position of a company among others.

As an investor, never you make the mistake of depending on just one component of Financial Statement in making ur decision. All the statements mentioned above have their purpose which are intertwined.

In carrying out this analysis, one major tool which is apparently the most popular tool in the industry in interpreting the financial statements is the "Almighty Ratio".......we will address this later.

For the purpose of your examination, you are not only expected to know how to calculate the ratios but more attention is placed on the interpretation of your calculations. Please and please especially for the professional level students and those writing Case Study, your analytical skills must be sound. At this stage, we see you not just as an accountant, but as a financial analyst capable of examining & diagnosing a company's financial records.
ICAN cannot afford to produce chartered accountants that won't be able to say something about the financial statements presented before him/her. This is why 20℅ was specially allocated to this topic in your syllabus (F.R and C.R)

Just follow my discussion bumper to bumper when we begin the calculations and analysis. Analysing financial statements will be cheap for you. So, stay tuned.

Just like the medical doctor will analyse a test result and carry out necessary diagnosis and examination of the body, so also is the financial accountant expected to diagnose and analyse the financial statement. Our patient is the financial statements. We must understand the language it is speaking in order to give appropriate advice to our clients. Also, just like lawyers will analyse and critically examine a case, we also expected as professionals of numbers to be able to analyse the financial statements which contains both financial and non-financial information.

You can see why you can be called a financial analyst. Don't come and fall our hand when they present you financial statements to analyse, evaluate and interpret.

Types of Financial Statement Analysis:

Listen, the figures displayed in the financial statements makes no sense without analysis/comparison. The essence of analysing is to compare something with something to get the information you need. All those figures you are seeing on the financial statements can be deceptive and misleading if one is not careful. That is why we need to establish the relationship between those figures by comparing one to the other. This gives rise to the use of RATIOS.

Ratios is a tool used to establish relationship between figures or items of the financial statements. What we may not see with our eyes may be revealed by ratios. See, there are a lot of things behind the numbers. We need to use our physical and spiritual eyes to see some hidden things behind the numbers. With ratios, you can assess the performance of an entity in the current period in comparison with prior periods. You can only know whether a company is performing or not through comparison. Improvement or decline in performance will be ascertained through comparison. We shall be looking into the tools that can be used to carry out the analysis later.

Types of Analysis / Comparison

1. Intra-Company Analysis
2. Inter-Company Analysis
3. Industry Average Analysis
4. Proforma Analysis
5. Common-Size Analysis / Vertical Analysis/Horizontal Analysis

Intra-company analysis also known as trend analysis or horizontal analysis involves comparing a company's performance over time that is, over some years of the same company. E.g comparing your company's result over 5 years or less or more. Under trend analysis, you are comparing with prior years and not with a rival company.

Inter-company analysis on the other hand involves comparing an entity's result to another rival entity's result. It is also called cross-sectional analysis. E.g MTN comparing its performance against Airtel.

Industry Average Analysis as it implies requires comparing an entity's performance against other players result in the industry. This is usually through getting a benchmark or industry average parameters against which an entity can compare its performance. At times, an entity may think it is performing well on its own but when it is compared to the industry, you will realize it is just a market follower and vice versa. Also, an entity may be performing poorly individually but when compared to the industry, it might actually be doing better than others in the industry. So, take note when you have industry average information. They are there for a reason.

Proforma Analysis may involve comparing results with forecast or budget or anticipated results.

Common Size Analysis can be vertical or horizontal analysis. Under vertical analysis, you express a particular financial statement line item in a particular year against a chosen base item. E.g if you want to know the proportion of cost of sales to revenue or portion of inventory to total assets e.t.c
You can do this on a vertical basis and on an horizontal basis.

So, in essence, the tools that can be used to carry out analysis are:

*Ratio Analysis
*Common Size Analysis

Under the above, you can do trend analysis, vertical analysis and horizontal analysis. Having a good understanding of how these analysis are done will be a great weapon for you now and later in your career. Common sense and Experience are other useful tools that can be deployed to analyse, evaluate and interpret the financial statements.

Categories of Ratios

1. Profitability ratios
2. Efficiency ratios
3. Liquidity Ratios
4. Stability Ratios
5. Investors Ratios

Acronym - PELSI

For the purpose of your examination, please master at least three ratios under which. Even if it is just three per each category, it is okay. It means you will have a total of 15 ratios to compute and analyse which is okay for 20 marks.

You should note that your analytical skills is what we appreciate the most. Your computation alone will not take you far. Even skill level students are now being asked to write report on the ratios dey have computed.

This is where we know whether we can call you a financial analyst or beans analyst.

Ratios despite its usefulness has some limitations that makes us wanna reduce the level of our reliance on the use of ratio alone as a tool for analysis. We will look into this later.

Please note my next statement. That might be the next approach to test your knowledge of financial statements analysis.

Remember that users have different and various information need. You need to be able to identify each users and the type of information they will need for the decision they want to make.

Don't expect a question that will ask you to compute ROCE, current ratio, gearing e.t.c Your question will most likely come in form of determining and calculating relevant ratios for some user groups...... You might be lucky for them to tell you the ratios to compute but don't always expect it. So, try to identify each users and what type of information they need for their decision. For example, a bank that wants to give loan to the company will be more interested in the liquidity ratios and gearing plus profitability. Meanwhile an investor or potential investor in shares of the company will be more interested in EPS, DPS, P/E ratio, profitability ratios......

So, be careful.

Ladies and gentlemen, we continue from here tomorrow same time and venue.

Thanks for joining me. Good night.

Source: Accounting and Finance Resource Centre (ACFRC)

Joining links for all our platforms including our job portal are provided below. Join, share and invite others. We are sure they will thank you.

Lecture Timetable & Joining Links for all platforms.

In order for a seamless lecture to be conducted throughout the diet, the instructors shall be available for lectures on the following days as scheduled below:

LECTURE TIME TABLE FOR NOVEMBER 2019 DIET

*MONDAYS:*
9-11pm: *SFM* - Bello/Hayzed
9-11pm: *PM* - Hayzed/Hajarat
7-9pm: *CR/F.R* - Seye/Broady/Omonze/Anthony

*TUESDAYS:*
7-9pm: *F.R/C.R*- Diran/Broady/Omonze/Seye
9-11pm: *P.M*- Hayzed /Hajarat
9-11pm: *ATAX & Tax* - Emmanuel/Chris/Stephen

*WEDNESDAYS:*
8-10pm: *MGE* - Uju/Chris/Omonze/Seye
8-10pm: *SFM*- Bello/Hayzed/Seye
9-11pm: *Adv Tax & Tax* - Chris/Stephen/Emmanuel

*THURSDAYS:*
7-9pm: *AA & AAA* - Uju/Seye
9-11pm: *CR & F.R* - Broady/Seye/Diran/Omonze/Anthony
9-11pm: *PM* - Hajarat/Hayzed

*FRIDAYS:*
7-9pm: *ATAX & Tax* - Chris/Steve/Emmanuel
9-11pm: *CS* - Seye/Uju
9-11pm: *FR* - Omonze/Diran/Broady/Anthony/Seye
9-11pm: *SFM* - Bello/Hayzed

*SATURDAYS:*
6 - 8pm: CR & FR - Anthony
8 - 10pm: MGE & CS - /Seye/Uju/Omonze/Chris

*SUNDAYS*
Lecture Free day for students to read all that they were taught during the week.

This timetable is now effective.

Please note that the time table is subject to change. Changes to the timetable will be communicated.

Joining Links:

Kindly join your respective groups and share with friends and colleagues to join too.

ACFRC General Forum (For all):
https://t.me/joinchat/FfoEjkMm3rWYNJxa031SiA

C.R and F. R:
https://t.me/joinchat/FfoEjhLfY-Hf-roFcCOy8A

SFM :
https://t.me/joinchat/FfoEjhCSyVNLh4blPkNYHw

PM:
https://t.me/joinchat/FfoEjhIWW1Gg0MksmWRhvQ

AAA :AA;:
https://t.me/joinchat/FfoEjhLXlCVeIU8MzaUsKg

MGE: CASE STUDY:
https://t.me/joinchat/FfoEjg0iDI7jkpuif_uEow

Adv Tax & Taxation Link:
https://t.me/joinchat/FfoEjgtSIjHceZK3tYKGyA

Our Job Portal:
https://t.me/joinchat/FfoEjkZb4F6EcGUzeiwQFA

The above are the joining links.

ACFRC is a not for profit organisation committed to assisting professional students and practicing professionals.

Contacts:
[email protected]
LinkedIn : Oluseye John
Instagram: Seyedprof
Facebook: Oluseye John

You can also reach me through:

Risk-free Standard Associates Limited
Xerocube Professional Concept

Join group chat on Telegram

Lecture Timetable & Joining Links for all platforms.

In order for a seamless lecture to be conducted throughout the diet, the instructors shall be available for lectures on the following days as scheduled below:

LECTURE TIME TABLE FOR NOVEMBER 2019 DIET

*MONDAYS:*
9-11pm: *SFM* - Bello/Hayzed
9-11pm: *PM* - Hayzed/Hajarat
7-9pm: *CR/F.R* - Seye/Broady/Omonze/Anthony

*TUESDAYS:*
7-9pm: *F.R/C.R*- Diran/Broady/Omonze/Seye
9-11pm: *P.M*- Hayzed /Hajarat
9-11pm: *ATAX & Tax* - Emmanuel/Chris/Stephen

*WEDNESDAYS:*
8-10pm: *MGE* - Uju/Chris/Omonze/Seye
8-10pm: *SFM*- Bello/Hayzed/Seye
9-11pm: *Adv Tax & Tax* - Chris/Stephen/Emmanuel

*THURSDAYS:*
7-9pm: *AA & AAA* - Uju/Seye
9-11pm: *CR & F.R* - Broady/Seye/Diran/Omonze/Anthony
9-11pm: *PM* - Hajarat/Hayzed

*FRIDAYS:*
7-9pm: *ATAX & Tax* - Chris/Steve/Emmanuel
9-11pm: *CS* - Seye/Uju
9-11pm: *FR* - Omonze/Diran/Broady/Anthony/Seye
9-11pm: *SFM* - Bello/Hayzed

*SATURDAYS:*
6 - 8pm: CR & FR - Anthony
8 - 10pm: MGE & CS - /Seye/Uju/Omonze/Chris

*SUNDAYS*
Lecture Free day for students to read all that they were taught during the week.

This timetable is now effective.

Please note that the time table is subject to change. Changes to the timetable will be communicated.

Joining Links:

Kindly join your respective groups and share with friends and colleagues to join too.

ACFRC General Forum (For all):
https://t.me/joinchat/FfoEjkMm3rWYNJxa031SiA

C.R and F. R:
https://t.me/joinchat/FfoEjhLfY-Hf-roFcCOy8A

SFM :
https://t.me/joinchat/FfoEjhCSyVNLh4blPkNYHw

PM:
https://t.me/joinchat/FfoEjhIWW1Gg0MksmWRhvQ

AAA :AA;:
https://t.me/joinchat/FfoEjhLXlCVeIU8MzaUsKg

MGE: CASE STUDY:
https://t.me/joinchat/FfoEjg0iDI7jkpuif_uEow

Adv Tax & Taxation Link:
https://t.me/joinchat/FfoEjgtSIjHceZK3tYKGyA

Our Job Portal:
https://t.me/joinchat/FfoEjkZb4F6EcGUzeiwQFA

The above are the joining links.

ACFRC- General Forum Mission: To assist prospective accounting professionals in their examinations preparation To build a community of professionals fostering excellence & best practices in the accounting & finance profession. Vision: To be a global career helper.

Dear Esteemed Members,

Trust you are ready for kickoff of lectures.

In our quest to continue delivering on our promises as enshrined in our mission and vision statements, I am pleased to introduce two additional instructors to you.

These individuals have been strategically selected as they possess the skills and competencies required to perform at this level especially with ACFRC known for excellence.

They will be joining us as fellow instructors going forward. They have volunteered and showed willingness to serve too. They are ready to give back in this way.

Ladies and gentlemen, I introduce to you:

Omonze - C.R / F. R
Chris - Tax / Advanced Tax/MGE

Omonze is an experienced tax consultant and a reporting accountant. She worked with one of the big fours as a tax consultant before and now exploring the world of reporting with a renowned bank.

Chris, a seasoned tax professional and a member of Chartered Institute of Taxation of Nigeria is well experienced in tax matters among others. He is also working with a renowned tax consulting firm.

We believe their presence will also help us revive the interest and reclaim our position. We know what we stand for.... ACFRC through the inspiration of God has provided alot of Chartered Accountants and revived the hopes of others....

I am using this moment to call on everyone to revive the interest again. This is our calling, our ministry and our service to mankind especially in the world of accounting and finance generally.

We remain a not for profit organisation committed to assisting professional students and practicing professionals.

We want to remind you all as previously announced that lecture will officially commence effective tomorrow - August 16th on some of our platforms. Stay tuned on your respective classes for more information.

We thank you all for your support, loyalty and contributions so far. God bless you.

To all the new joiners, you are highly welcome to the home of professionals, the place of excellence and solution ground for all manners of accounting and finance ailments😁

Thanks

ACFRC.