PATRIOT ODUNARO B.J (08038454008)
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ASSIGNMENT 1:
Without Book-Keeping there wouldn`t be
Accounting. Discuss
ASSIGNMENT 2:
Sogbae Nigeria Limited provides the
following information relating to its accounts for three years as shown in the
table below:
Year
|
Capital
|
Profit
|
Returns on Capital
|
N
|
N
|
%
|
|
2018
|
750,000
|
45
|
|
2017
|
450,000
|
90,000
|
|
2016
|
500,000
|
35
|
Required:
(i) Calculate profits for year 2016 and 2018.
(ii) Calculate returns on capital for year 2017.
(iii) Calculate percentage increase in profit
between year 2017 and 2018.
(iv) Calculate percentage decrease in profit between
year 2016 and 2017.
(v) Calculate
increase in capital between year 2017 and 2018.
(vi) Calculate decrease in capital between year 2016
and 2017.
Hints: show all
formular and workings
NOTE: TO BE SUBMITTED ON 6TH DECEMBER, 2019 TO THE CLASS GOVERNOR(S) ON OR BEFORE 9A.M.
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Thank you for this assignment sir 🙏
ReplyDeleteThanks for this assignment sir it really helps
ReplyDeleteDAMILARE IDOWU ESAN (BA/ND1/FT/191440ES
The last class was interesting and thank you for the assignment.. we'll work on it
ReplyDeleteThanks for the assignment sir it really helps sir.....WILL BE EXPECTING MORE FROM YOU SIR.
ReplyDeleteBA/ND/FT/191441AN
Ogbonnaya ifeoma BA/nd1/ptd1944og
ReplyDeleteThanks for the info sir
Adebayo Azeez BA/ND/PTD/1945AD.
ReplyDeleteAccording to Adebayo Azeez (2019) Accounting can be defined as a process of keeping financial accounts
Tnx for the assignment sir...and tnx for ur broad n educative teachings.....Anekwe Amaka
ReplyDeleteOGUNFUNWA TOYOSI SEGUN
ReplyDeleteBUSINESS ADMINISTRATION (ACC 111)
ACCORDING TO ME "ACCOUNTING CAN BE DEFINED AS THE PROCESS OF CALCULATING, ANALYSING, BALANCING OF DAY TO DAY TRANSACTIONS"
Adebara Damilola
ReplyDeleteBusiness Administration
The last class was a blessing and I learnt a lot from the class
Adeseun Emmanuel
ReplyDeleteAccounting Nd1
Lovely assignment and we'll need more of this
God bless
Adewale Ibrahim
ReplyDeleteBusiness Administration
Nd1
Thank you for the assignment sir
Achuka Fred
ReplyDeleteNd1 Accounting
Thank your for the class and the assignment sir
And thanks for sending me to the back sir.
According to oghenkaro (2019)
ReplyDeleteAccounting is the measurement and communication and information about economic.
It also the standard-setter accouting fime and professional bodies
Acc/nd/ft/19572TI
ReplyDeleteThanks so much for the assignment sir
It really helps me alot
And also I love the educative way you teach
Bamise oluwabusayo
ReplyDeleteNd 1 accounting
Thank you sir for the assignment. We will work on it
Thanks sir,We really appreciate ur Support.
ReplyDeleteAyanniyi Temitayo
DeleteAcc/ND/FT/19574AY
Accountancy Department ND1
Samuel Favour Amarachi
ReplyDeletecs/ND/FT/19568SA
Thank you sir for the assignment and class assessment
Agbasimere Tovia Chinaza
ReplyDeleteAcc/nd/ptd/1957AG
Accounting
Thank you sir for the assignment
Happiness Opeoluwa Martins
ReplyDeleteAccounting department
Thank you for the assignment sir
According to the law of Muhammed Adumbo Fatimah,accounting is defined as systematic way of interpreting financial transactions of a business in a ledger account of business organisation.
ReplyDeleteThank you sir assignment done
ReplyDeleteNwokoye Lilibell Acc/ND/PTD/1917NW
Halima Al-bashir
ReplyDeleteComputer science department
Thank you for the assignment sir Allah bless
Ajanaku Omolara
ReplyDeleteCS/ND/FT/19566AJ
Thanks sir.
Folorunsho Oluwafeyifunmi
ReplyDeleteBa/Nd/Ft
Thank you sir
Ogunsola Ayomipo
ReplyDeleteACC/ND1/ft
Good day sir
GROUP C ASSIGMENT
ReplyDeleteNAME DEPARTMENT POSITION MATRIX NO.
MUHAMMED ADUMBO FATIMAH PRESIDENT BA/ND/FT/191443MU
ADESINA TOYIN MOJISOLA BUSINESS ADMIN. MEMBER BA/ND/FT/191444AD
FOLORONSHO OLUWAFEYIFUNMI REBECCA BUSINESS ADMIN. MEMBER BA/ND/PTF/
ABDULSAMAD FARIDAH BUSINESS ADMIN. MEMBER BA/ND/PTF/
EGAR ANITA AKONG BUSINESS ADMIN. MEMBER BA/ND/FT/191427EG
DURUAKUBUO JUDITH BUSINESS ADMIN. MEMBER BA/ND/PTD/1951DU
THOMAS CECILIA BUSINESS ADMIN. MEMBER BA/ND/FT/191439TH
AKINPELU IYANU COMPUTER SC. MEMBER CS/ND/PTD
AJANAKU OMOLARA COMPUTER SC. MEMBER CS/ND/FT/19566AJ
OLAJIDE ENIOLA BUSINESS ADMIN. MEMBER BA/ND/FT/191428OL
QUESTION 1. IDENTIFY THE INDUSTRY.
Nigerian Petroleum Corperation (NNPC).
QUESTION 2. THE WEBSITE.
www.nnpcgroup.com
QUESTION 4. SOCIAL RESPONSIBILITY.
As a social responsible organization, the NNPC delivers its corperate social responsibility (CRS)objective in line with global best practices. The corperation therefore guided by social environmental and safety standards as obtain in the oil and gas industry, operate safety and ethically with all our stakeholders.
QUESTION 3. NNPC FINANCIAL STATEMENT OF ACCOUNT FOR THE YEAR 2018 ENDING DECEMBER 31ST
ReplyDeleteDec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18
NGNMillion NGNMillion NGNMillion NGNMillion NGNMillion NGNMillion NGNMillion NGNMillion NGNMillion NGNMillion NGNMillion NGNMillion NGNMillion
Revenue 36.16 9.21 9,560.32 36,910.01 6,678.61 39,554.21 23,275.19 13,453.84 8,666.09 66.18 67.78 1,990.72 9,587.44
Crude + Frieght (COGS) 0.00 0.00 -5,978.08 -42,888.01 -2,991.84 -43,942.55 -23,700.40 -15,636.34 -9,782.80 0.00 0.00 -1,688.01 -8,890.47
Opex -1,781.39 -2,687.32 -3,452.33 -3,219.74 -3,111.61 -2,775.63 -2,744.48 -2,598.81 -2,531.13 -2,775.11 -2,931.44 -3,286.91 -3,217.83
Operating Surplus/Deficit-1,745.23 -2,678.12 129.91 -9,197.73 575.16 -7,163.96 -3,169.69 -4,781.31 -3,647.84 -2,708.93 -2,863.66 -2,984.20 -2,520.86
Revenue 15,477.03 -902.89 -849.62 1,845.44 27,208.01 -807.96 77.12 305.75 2.30 1,369.92 1,192.53 883.79 1,245.52
Crude + Frieght (COGS) -17,475.12 0.00 0.00 -1,946.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Opex -2,404.89 -3,275.62 -2,965.13 -2,528.82 -24,250.68 -3,415.96 -3,057.28 -2,655.99 -2,684.80 -2,904.67 -3,289.52 -3,573.08 -3,074.19
Operating Surplus/Deficit -4,402.98 -4,178.51 -3,814.75 -2,629.45 2,957.33 -4,223.92 -2,980.16 -2,350.24 -2,682.50 -1,534.75 -2,096.99 -2,689.29 -1,828.67
Revenue 50,714.89 27,069.34 27,304.10 3,638.98 27,065.53 19,530.67 36,173.00 18.54 6.35 4.81 2.21 2.85 26.99
Crude + Frieght (COGS)-51,662.65 -28,883.61 -28,264.60 0.00 -17,306.52 -20,919.42 -40,399.48 0.00 0.00 0.00 0.00 0.00 0.00
Opex -3,999.32 -4,915.22 -3,409.71 -3,701.32 -6,969.88 -7,305.17 -4,133.68 -3,336.18 -4,469.03 -2,734.11 -4,367.88 -3,914.40 -12,994.49
Operating Surplus/Deficit -4,947.08 -6,729.48 -4,370.22 -62.33 2,789.14 -8,693.92 -8,360.16 -3,317.64 -4,462.68 -2,729.30 -4,365.67 -3,911.55 -12,967.50
Revenue 66,228.08 26,175.66 36,014.80 42,394.44 60,952.16 58,276.92 59,525.30 13,778.13 8,674.74 1,440.91 1,262.52 2,877.36 10,859.95
Crude + Frieght (COGS)-69,137.76 -28,883.61 -34,242.68 -44,834.08 -20,298.36 -64,861.97 -64,099.88 -15,636.34 -9,782.80 0.00 0.00 -1,688.01 -8,890.47
Opex -8,185.60 -10,878.16 -9,827.17 -9,449.87 -34,332.17 -13,496.76 -9,935.44 -8,590.98 -9,684.96 -8,413.89 -10,588.84 -10,774.39 -19,286.51
Operating Surplus/Deficit -11,095.28 -13,586.11 -8,055.05 -11,889.51 6,321.63 -20,081.80 -14,510.02 -10,449.19 -10,793.02 -6,972.98 -9,326.32 -9,585.04 -17,317.03
GROUP F ASSIGNMENT
ReplyDeleteNAME.MATRIX NUMBER.DEPARTMENT.NATURE
INIOVOSA DANIEL OGHENEKEWE PRESIDENT
BA/ND/FT/191434IN BUSINESS ADMIN
OGUNFUNWA TOYOSI SEGUN SECRETARY
BA/ND/FT/ BUSINESS ADMINI
AKIENKAYE MARY MEMBER
BA/ND/FT/191442AK BUSINESS ADMIN
BAMISE MARY OLUWABUSAYO MEMBER
ACC/ND/FT/19576BA ACCOUNTING
ISAAC AYOMIDE(ND2) MEMBER
OTM/ND/FT/18103MO OTM
ADEBUNMI RAZAK(ND2) MEMBER
OTM/ND/FT/18101AD OTM
OJO DEBORAH MIRACLE(ND2) MEMBER
ACC/ND/FT/18571OJ ACCOUNTING
NWOKOYE LILIBELL C. MEMBER
ACC/ND/PTD/1917NW ACCOUNTING
MARTIAS HAPPINESS OPECTUUA MEMBER
ACC/ND/FT/ ACCOUNTING
JOHN ESTHER LINDA MEMBER
ACC/ND/FT/PTD/1920JO ACCOUNTING
This comment has been removed by the author.
DeleteQUESTION 1. IDENTIFY THE SECTOR(BANKING SECTOR).
DeleteQUESTION 2. INDUSTRIES(BANKING INDUSTRIES).
QUESTION 3. COMPANY(UBA BANK OF NIG) (*919#).
QUESTION 4. WEBSITE(HTTPS://WWW.UBAGROUP.COM).
UNITED BANK FOR AFRICA PLC
ReplyDeleteConsolidated and Separate Financial Statements for
the year ended 31 December 2018.
nued)
42 Related parties and insider related credits - continued
In millions of Nigerian naira
Name of company/
individual
Name of Director Facility Type Security Status Rate Currency Dec. 2018 Dec. 2017
Bridge House College Mrs. Foluke Abdulrazaq Term loan
(Under CBN
MSMEDF)
Real
Estate
Performing 9.0% NGN 15 28
Advance Link Petroleum Ltd Alh. Ja'afaru Paki Overdraft Real
Estate
Performing 25.0% NGN - 96
Heirs Holdings Mr. Tony O. Elumelu Term Loan Real
Estate
Performing 14.0% NGN 6,324 8,676
Heirs Holdings Mr. Tony O. Elumelu Term Loan Real
Estate
Performing 16.0% NGN 18,637 -
Aneke Angela Nkiruka** Aneke Angela Nkiruka Overdraft Real
Estate
Performing 19.0% NGN 39 -
Abdulqadir J. Bello** Abdulqadir J. Bello Term Loan Real
Estate
Performing 18.0% NGN 15 -
25,030 8,800
**Appointed as Directors during the year;hence existing loans prior to appointment now reported as Directors'loans
Dec. 2018 Dec. 2017
Interest income earned during the period 1,995 476
Deposit liabilities
Deposit liabilities relating to key management personnel and their related persons and entities as at end of the period is as follows:
In millions of Nigerian Naira Dec. 2018 Dec. 2017
Deposits as at period end 2,535 2,798
Dec. 2018 Dec. 2017
Interest expense during the period 93 52
Compensation
Aggregate remuneration to key management staff during the period is as follows: Dec. 2018 Dec. 2017
In millions of Nigerian Naira
Executive compensation 814 405
Defined contribution plan 23 12
Total benefits cost 837 417
43 Compensation to Employees and Directors
(i) The number of persons in the employment of the Group and the Bank as at period end is as follows:
(In absolute units) Group Group Bank Bank
Dec. 2018 Dec. 2017 Dec. 2018 Dec. 2017
Group executive directors 9 9 9 9
Management 90 103 68 81
Non-management 12,790 11,852 9,505 8,737
12,889 11,964 9,582 8,827
Compensation for the above personnel (including executive directors): Dec. 2018 Dec. 2017 Dec. 2018 Dec. 2017
In millions of Nigerian Naira
Salaries and wages 68,487 66,839 40,278 41,016
Retirement benefit costs:
Defined contribution plans 2,671 2,133 1,259 1,327
71,158 68,972 41,537 42,343
This comment has been removed by the author.
ReplyDelete(A). State the component of financial statement UBA bank.
Delete1. Significant accounting policies
2. Classification and measurement of financial liabilities
3. De-recognition of financial instrument
4. Wite-off loans
5. Modifications
6. Credit-impaired financial assets
7. Major activities and business review
8. Dividend
(B). THE SOCIAL RESPONSIBILITY FOR UBA.
ReplyDeleteAs the corporate social responsibility arm of the UBA Group, UBA Foundation is committed to the socioeconomic betterment of the communities in which the bank operates, Focusing on development in the areas of Education, Environment, Economic Empowerment and special project.
SECRETARY OBSERVATION. 10th of December 2019(FIRST MEETING).
ReplyDeleteFirstly, I observe that our Group is complicated because we have different members from different departments but we sat together discussed and we all concluded that we are Using UBA BANK from the banking sector and we will all make a research and gain something, so that we can all have the idea of our company and no one will be left out and I think that is the best option for each one of us and am sure we will benefits a lot from the project.
SECRETARY OBSERVATION 2. 13th of December 2019(SECOND MEETING).
ReplyDeleteSecondly, I observe that we gather our research and it was Fantastic, so we have decided to summit after finding out the Component only and we have all done the research regarding the financial statement and the social responsibility.
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