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Finance Act 2019

Government’s objectives for the Act are: ▪ Reformation of Nigeria’s tax law to align with global best practices; ▪ To support MSMEs through the ease of doing business initiative; ▪ Encouraging investments in infrastructure and capital markets; and ▪ Raising government...

IFRS SCOPE: REVENUE RECOGNITION ACCOUNTING

Accounting for revenue correctly is a critical factor in determining the true and fair nature of financial statements of an entity because revenue affects the current financial performance (net income or earnings) and position (net assets) of a company. In other...