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BREAKING THE FATHERS' HEART

Osita Eze, Youth Pastor
Posted 4 Months ago · 0 Likes · 0 Comments

     Sometime ago, I attended a youth programme and overheard one of the high-ranking priests lamenting that many of the youths in the Anglican Church are breaking their (spiritual) fathers’ hearts by relocating to the Pentecostal circle especially after they had invested so much virtues in them.  Several questions came up in my mind when I heard this statement. (1). Is it really compulsory for a Christian youth to remain permanently in the church/ denomination he was born into? My answer to that question is “No”. If God is leading a Christian youth to relocate to another church especially if he or she is no longer enjoying spiritual balanced diet, he or she should by no means move on to another church.

(2). Must all outstanding Christian youths become members of the hierarchical pastoral order of a church? My answer is “No”. If God has not called a youth into the ministry let no pastor or priest ‘call’ him into any of the five-fold ministries.  He or she should not be cajoled or pressurized into accepting such ‘call’. Otherwise that would amount to asking the young man or woman to take on more responsibilities than he or she was created/destined to handle.

(3). Is it really wrong for a member of a church or denomination to attend programmes of other churches or denominations? My answer is “No”. It is quite alarming that several Christian leaders had promoted and are still promoting disunity by discouraging their younger followers from attending meetings or fellowship organized by other church leaders or even interact with other Christians no matter how spiritual or godly they are.  Some of them even go to the extent of suspending those who attended such programmes from their responsibility (ies) in church. Let us stop the hypocrisy. Pray for unity in the Body of Christ, preach unity in the Body of Christ and practice unity in the Body of Christ.

(4). Is it compulsory for a Christian youth to remain bounded to his or her church/denomination by marrying a fellow believer from his or her church? Marrying a believer from your church/ denomination is a good idea but it is advisable that a Christian marries a man or woman that fears God, irrespective of his or her denomination.

     Please do not get me wrong. It is not that I do not care about the emotional pains pastors go through each time their followers relocate to another church for whatever reason. I do but the best bet is that pastors and priests should learn to release people from their hearts when they leave the churches they oversee without hurting themselves or anyone. It is also important for a pastor or priest to identify and discover the departments or units of his church where more hands are needed and personally ask the Lord of the harvest to send more labourers to meet those specific needs in the church he pastors.

                                                                                                        

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By Izunna Okafor




It was indeed a blend of tears, encomium and fanfare as Nigeria's multiple award-winning author and literary crackerjack, Chimamanda Ngozi Adichie buried her father, Late Prof. James Nwoye Adichie.


The burial ceremony, held in Adichie's hometown, Abba in Njikoka Local Government Area of Anambra, began with a Holy Mass presided over by Auxiliary Bishop Jonas Benson Okoye of the Awka Catholic Diocese, and drew the attendance of Ex Governor Peter Obi of Anambra State, the Vice-Chancellor of Nnamdi Azikiwe University, Awka, Professor Charles Esimone, among other intellectuals and personalities, including the members of the Society of Young Nigerian Writers (Anambra State Chapter) who went to commiserate with the Adichie Family.


In his homily, Bishop Okoye described Prof. Nwoye as a hardworking man who used his wealth of knowledge, intellect and finance to serve the humanity, looking at his past records and legacies. He thus urged Christians to always show love to anyone they come across and live a worthy life that will not only give joy to humanity, but also earn them eternal repose at last.


On her own part, Chimamanda Adichie, who read the scriptures (both in Igbo and English languages) during the pontifical burial mass that held in St. Paul's Catholic Church, Abba, said her father lived an examplary life and was the kind of man everyone would love to have as father.


"My father was a very remarkable, kind and loving father. He was also a patient and honest man of integrity. He always had time for his children. In fact my father was the bedrock of whatever I am today. So I don't think I could have had a better father than him. I love him, and I will miss him so much," she said.


Contributing, former Governor Peter Obi of Anambra State who was also the Vice Presidential candidate of the Peoples Democratic Party (PDP) in the 2019 Presidential Election recounted his encounters with the deceased, and attested that he was an iconic man of peace who left enduring peace and legacies for his children and the society.


Popularly addressed by his chieftaincy title of 'Odelọra', Late Prof. James Nwoye Adichie who died on Wednesday June 10, 2020 at the age 88, was the first professor of Statistics in Nigeria. He is survived by Mrs. Grace Ifeoma Adichie (wife); Ijeoma Adichie, Uchenna Adichie, Chuks Adichie, Okey Adichie, Chimamanda Adichie, and Kenechukwu Adichie (children), as well as many grandchildren and other relatives.



Izunna Okafor writes from Awka, Anambra State, Nigeria

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The Society of Young Nigerian Writers (Anambra State Chapter) is seeking submissions of quality poems and essays from writers across the wolrd, for her 5th Chinua Achebe Poetry/Essay Anthology.


The annual anthology is published in honour and memory of Late Prof. Chinua Achebe, a foremost Nigerian literary legend and the father of morden African Literature. The prestigious anthology will (as usual) be unveiled at the 5th edition of Chinua Achebe Literary Festival which is slated to hold on 16th November 2020, at the Anambra State Central E-Library (also known as Prof. Kenneth Dike Central E-Library), in south-eastern Nigeria. 


According to the Project Coordinator, Izunna Okafor, who is also the Coordinator of Society of Young Nigerian Writers in Anambra State, Chinua Achebe Literary Festival is an annual literary festival held by Society of Young Nigerian Writers in memory and honour of Achebe, in celebration of his life, works, contributions and legacies in the literary field. The event, he notes, was initiated in 2016, and holds on Achebe's date of birth since then, with the last edition held in 2019, during which the most recent edition of the anthology Chinua Achebe Essay/Poetry Anthology —"Arrows of Words" —was unveiled.


It is with a view to mark this year's edition of the Festival in a more remarkable and memorable way that the organizers are calling for quality poems and essays from burgeoning and accomplished writers to enter their thematically-articulated essays and poetry in memory of Achebe for the fifth anthology. The anthology is in honour of Prof. Chinua Achebe; hence, only entries that revolve around Achebe, his works, his literary prowess and legacies will be accepted for publication.



SUBMISSION GUIDELINES:


1. Only essays and poems are accepted for the anthology


2. Entrant must specify the genre of his entry, that is, specify whether it is Poetry or Essay


3. The essays and poems MUST be in the memory of Chinua Achebe, and may focus on his life, works personality, writing style or other areas.


4. The essays or poems should be brief and concise —a maximum of 500 words for essays or reviews, and a maximum of 30 lines for poetry.


5. Author’s information —location/contact address, phone number, e-mail address, and a short bio of no more than 40 words should be included in the submission.


6. Submission is FREE and open to writers from any part of the world.


7. Entry MUST be the original work of the author/poet.


8. Only one entry per person is allowed.


9. Entrant may choose/write on any interesting title of his/her choice.


10. Entries should be sent via: synwanambrachapter@gmail.com , with the subject "FIFTH CHINUA ACHEBE ESSAY/POETRY ANTHOLOGY (SPECIFY THE GENRE OF YOUR ENTRY)"


11. Entry MUST be type-written and sent in the body of the mail; NOT AS AN ATTACHMENT. Entries sent as attachment will be automatically disqualified.


12. Submission Deadline: 20th October 2020. Late Entry will not be accepted.


13. Entries could be written in either English or Igbo Language.



BENEFITS:


● All successful/shortlisted essays and poetry will be published in the Fifth Chinua Achebe Poetry/Essay Anthology (soft and hard copies).


● Online promotion of successful/published essays and poems and the entrants.


● All successful entrants shall receive Certificate of Participation.


● Each successful entrant is entitled to author's copy of the published anthology


● Authors/poets of the best ten essays and poems shall be given outstanding recognitions and Certificate of Award at the 2020 Chinua Achebe Literary Festival.


● Entrants (if present at the event) shall be allowed to present their essays/poems at the event.


● Automatic/free membership and admission into the the Society of Young Nigerian Writers (for successful/published young Nigerian entrants.)


For inquiries or support, contact:


synwanambrachapter@gmail.com


08163938812

Izunna Okafor (Coordinator, Society of Young Nigerian Writers Anambra Chapter)


07010178124

Maureen Onyinyechi Kenneth

(Secretary)

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Osita Eze, Youth Pastor
Posted 25 Days ago · 0 Likes · 0 Comments


 

     Permit me to begin by commending the efforts of Senator AbiodunOlujimi for initiating the Gender Equality Bill recently rejected by members of the house of Senate. An erudite person may want to find out what the bill is all about. The bill proposed by Senator Abiodun Olujimi on the 15th of March, 2016 was to guarantee gender equality in politics, education, employment and marriage. The bill also seeks to protect the female gender against gender discrimination. The bill was rejected by a larger number of Senators in Nigeria because an aspect of the bill does not agree with what our traditional and reIigious institutions preach.

In my opinion, the bill is worth the consideration of members of Senate for many reasons.

     Firstly, I believe that there would be no meaningful development in every sector of Nigeria’s economy without the maximum involvement of the female gender in nation-building. The female gender is capable of increasing the financial, intellectual and technological base of Nigeria if given equal opportunities and rights as given to their male counterparts.

     Secondly, the rejection of the bill will never makeNigeria achieve conformity with the United Nations Conventions on gender issues. The poor representation of female gender in Nigeria in workplaces, educational institutions and governmental agencies will continue to negate international, regional and national benchmarks of at least thirty percent representation of the female gender generally agreed upon by members of the United Nations of which Nigeria is an active part of.

     Furthermore, everybody in spite of gender is created with specific talent and skill which needs to be expressed. Equal rights and opportunities to employment and education will provide an enabling environment for the female’s personal development and give them a senseof belonging to a nation which has their interest at heart. The female constitutes about sixty percent of Nigeria’s population, yet they occupy less than fifteen percent of the political postsin the national, state and local government levels-a trend which does not speak well of Nigeria as the most populous black nation on earth. The female gender must be given their place of pride in the scheme of things. The law will serve as the template to achieve this. The bill must not be delayed but immediately passed into law.

     Lastly, the rejection of the bill will only continue to promote gender discrimination and this will continue to make women insecure, deny them meaningful employment, expose them to exploitation and sexual violence and encourage other discriminatory practices against women. To avoid all these, the Nigerian Senate must therefore wake up to its task of making credible laws and accept the Gender Equality Bill presented before it. Its failure to do this would simply mean one thing: hatred for their wives, mothers, sisters and daughters.

    However, while the above-listed reasons may be valid, I have a few reservations on the aspect of the bill that emphasizes gender equality in marriage. I am of the opinion that a woman may not enjoy equality with her husband in the true sense of the word.This is because our traditional and religious institutions do not preach gender equality in marriage. The men have always been the leaders of their various families and have always been responsible for their welfare. Their authority to lead is believed to have been bestowed on them by God Almighty.No one dare alter this natural order.

    In addition, male and female were created with physiological and behavioural differences. They were never created to be competitors-they have their areas of strengths and weaknesses. Each of them must discover and learn to cherish these differences in their own interests.While it is true that men and women were created to play different but complementary social roles, it is important that men should stand and speak up for the women in their lives. Defensive mechanisms that would promote the welfare of their female counterparts should be put in place.

    In the interim, it is advisable that Senator Abiodun Olujimi should take into consideration some of the sentiments expressed by her colleagues especially on issues pertaining to gender equality, make basic amendments on the bill and re-present it to the Senate.

    In conclusion, I want to state this clearly that the Gender Equality Bill is not a battle of the sexes; it is not a bill that removes the submissiveness of women to their husbands neither is it a bill that seeks to erode the responsibility of the women in her home. It only seeks to give the woman more opportunity to assist herself and the man in the home. It is a bill that will benefit the men andthe society at large.

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Is Pantothenic Acid a Magic Cure for Acne?

In 2014 a study was published that reported success treating acne using a high dose of pantothenic acid, also known as Vitamin B5.   As you can imagine, as a Naturopathic Doctor specializing in acne I was immediately all over this study.

Could there really be a magic pill for acne?  It seemed too good to be true.  After digging into the study, trying the protocol with my patients and investigating pantothenic acid a bit more I decided to drop pantothenic acid from my acne protocol.  Here’s why.

The Study

One small study is not usually conclusive, and this holds true for the research paper published in 2014 suggesting that pantothenic acid could reduce acne lesions.  More research needs to be done – but it did spark so many questions and interesting insights!

The study was conducted with 40 patients (mostly women) over the course of 12 weeks.  Patients were given 2.2 grams of pantothenic acid daily, and at the end of 12 weeks the number of blemishes on the skin was compared with their baseline (the number of blemishes on their face at the beginning of the study).

The chart of results is shown below:

zdffd

The blue bar represents the number of acne lesions at baseline and week 12 in the patients taking a pantothenic acid supplement.  The red bar represents the number of acne lesions at baseline and week 12 in the patients taking a placebo, which means participants THINK they are taking an active medication, but they are not.

As you can see, even though there are some significant results with pantothenic acid, there is also a tremendous result with the placebo – when the study subjects just THINK that they are taking a remedy.  This is called the placebo effect, and it demonstrates that our mind is incredibly powerful – when we think we are taking a remedy we will experience healing.

My question is – even though the study claims that pantothenic acid reduces acne lesions by 67% – how much of that improvement is actually attributed to the placebo effect?

The other interesting thing about the study is that almost all the improvement in acne was seen in non-inflammatory acne, which is blackheads and small whiteheads.  

Acne that was more inflamed, red and cystic did not see the same improvement as milder acne.  This suggests that pantothenic acid is more effective against mild acne.

What is Pantothenic Acid?

Pantothenic acid, also known as vitamin B5, is converted in the body to Coenzyme A (CoA).  The  functions of CoA include converting fats, proteins and carbohydrates into energy, regulating skin function and cortisol production.

These functions are especially important in acne pathogenesis because pantothenic acid can affect fat and oil production in the skin, regulate keratinocyte proliferation, and moderate our stress response – all factors in acne pathogenesis.

For years we thought that pantothenic acid was delivered to our body solely through our diet.  Many food sources contain pantothenic acid, and it is highly bioavailable and absorbable.  It is found in eggs, meat, poultry, lentils, broccoli, cabbage, potatoes, while grains, nuts, and beans – basically most of the foods that are included in a healthy diet! 

Why does pantothenic acid help some mild cases of acne?

If you eat a diet composed mainly of processed foods, you may not get the amount of pantothenic acid required to keep your body healthy.  A daily diet of processed cereals, peanut butter sandwiches, sodas and pizza is void in all nutrients (not just vitamin B5)! 

But it turns out that a pantothenic acid deficiency has less to do with diet, and more to do with the microbiome.

More recent research has revealed that B vitamins are not only acquired through our food but also produced by our microbiome.  In fact, studies are suggesting our most important source of pantothenic acid and other B vitamins is actually from our intestinal microbiome.

This means that if your gut is not healthy and balanced you could be experiencing a deficiency in pantothenic acid, regardless of how much you eat in your diet.  And this is why high-dose supplementation of pantothenic acid is able to positively affect mild acne in some people.  It is thought that a high dose is able to flood the pantothenic acid receptors temporarily to produce CoA in the body.  As discussed before, CoA helps regulate lipid metabolism, keratinocyte turnover and the stress response.

But think about it – in our diet we need approximately 5mg of pantothenic acid per day.  It takes 2.2 grams of synthetic pantothenic acid daily to trigger the response that should be happening naturally in our body.   As a Naturopathic Doctor, I want deeper healing for my patients.

Why do I not recommend high-dose pantothenic acid for acne.

1. As a Naturopathic Doctor I am always investigating the underlying cause of a condition so I can solve the problem for good. Taking high dose pantothenic acid daily does not solve the root issue.  It masks an underlying problem.  Once you stop taking the supplement, the acne will come back.

2. One of the root problems of acne is an imbalanced microbiome. This is what leads to a deficiency of endogenous pantothenic acid in the body, which can negatively affect lipid metabolism and epidermal regulation which can lead to acne.  Instead of targeting the pantothenic acid deficiency by flooding the body’s receptors with synthetic pantothenic acid, my goal is to re-regulate its natural production in the body.

3. When the microbiome is balanced, not only will the body produce adequate amounts of pantothenic acid, but many other imbalances in the body will also improve. Digestion will start to work optimally, inflammation will decline and hormones will start to naturally balance.  Supplemental pantothenic acid will not affect any of the other imbalances caused by an unhealthy microbiome.

4. Supplemental pantothenic acid only affects mild acne, and often my patient population have moderate to severe acne – which means that deeper and more complete healing is required.

5. High dose pantothenic acid works for some people, and not for others. I like to eliminate guesswork as much as possible which is why I choose not to use it in my patient protocols.

The Bottom Line

Supplemental pantothenic acid is a band-aid solution for a much more serious problem – an unbalanced microbiome.  In my practice I choose to solve the underlying issues and get rid of acne for good.

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As a handsome and visionary young man, I wanted to marry the only beautiful daughter of a farmer.


I went to the farmer to ask for permission to marry his daughter.


The farmer looked at me and said, “I will allow you to marry my daughter but you have to fullfill one condition.”


The farmer told me the condition, “Son go out and stand out in the field. I'm  going to release three bulls one at a time and you have to grab the tail of any of the three bulls. if you can catch the tail of any one of the three bulls, then you can marry my daughter.”


Ahhh just that, I happily went to the field and stood there waiting for the bulls to be released.


The barn door opened and then came out one of the biggest bull i have ever seen.


Haaa I cannot come and kill myself ooo,  I decided to let this one go and wait for the second bull.


I went over to the other side and let the bull pass through. Again, the barn opened for the second bull. This one was bigger and even more fierce than the previous bull. This time again, I thought that may be the next one could be a better choice so i ran to the other side and let the bull pass through. This man wants to kill me ooo 


Now the door opened for the third bull. I had a big smile on my face. This was the weakest bull I've ever seen. So i positioned myself and was all set to take on the bull and grab his tail.


As the bull came running by, I jumped at the exact movement. As I  threw my hands to grab his tail, to my greatest surprise, this bull had no tail. 


Wooooooo so I've lost my chances of marrying this beautiful girl.


The farmer turned to me and said " Don't say till tomorrow to the things you can achieve today. your breakthrough was just an action away from you, but you missed it twice. I'm sorry, you can't have my daughter." Na so I take go house empty handed oo. 


How many times have you said " I'll do it tomorrow to the things you can do today"?


Six sure ways to avoid procrastination


1. Do it scared

2. Do it now

3. Do it scared

4. Do it now

5. Do it scared

6. Do it now


Remember that action is what separates dreamers from achievers.


It's another beautiful week, let's choke procrastination starting from now, today and everyday.


Val Okafor

Effective Leadership and Productivity Strategist 

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Book Title: Verdict of the Gods

Playwright: Iwu Jeff

Publisher: Transconventional Publishers

Date Published: July, 2020

ISBN: 978-978-979-443-0

Number of Pages: 84

Reviewer: Nwokeabia, Ifeanyi John.



When gods choose not to let the rain drop, the effort of a rain maker is in vain. The birds of the air always feel betrayed and confused when a thunderous fart is released in the air by an unknown spirit. The land, water and the entire space of Achara which has experienced in the past, peace and transquility, turns into a mourning zone. Night visited Achara community in a broad daylight.Iwu Jeff's play, Verdict of the Gods is an epic tragedy. It exposes a land in turmoil. But the big question is: can sins of fathers be visited on their children?

Sleep has become a stranger to the eyes of the citizens of Achara. Eze Obioha, the traditional ruler of the community is disturbed;  his emotions restless. An elder cannot fold his arms and watch a goat suffer in parturition. He seeks measures to dispel the spell wreaking havoc in his land as a leader who has the well being of the people at heart, and consequently, his family suffers the same endemic,. He's traumatised and unrelentingly quests for answers and solutions to the plight of his people.

In page 9 of the play: 

EZE OBIOHA : My daughters are down, they can no longer speak...we have followed every smell our nose can perceive, yet we have not seen any rotten thing. Where is the smell of evil coming from? Oh! My ancestors, please give us another eye, another nose, another ear and mouth. The ones we are wearing have no use ... Our gods are silent my people. I am not spared from this calamity. The spell is everywhere...

Eze Obioha being a leader who feels the pain of his people, he continually summons his cabinet members to put heads together to find lasting solutions to their problems. The cry of his people has become a thorn on his fresh and he sometimes laments to the gods questioning them on the ways his community or himself has wronged them.

In pag 77, he has this to say:

EZE OBIOHA: ...my son died two nights ago; before he died, an extra hand came out through his chest. My daughter was suddenly struck with imbecility... Who did my fathers offend?

Countless questions are asked and ountless visitations, made to the shrine of different Dibias but all efforts prove abortive. The gods remain remain 'mute' and 'tongue-tied', refusing to draw humans to the closer view of their boiling angers. Drought and famine become two beautiful maid married without a bride price, gummed like bedbugs to their land and refusing to leave. Death toll keeps multiplying on daily basis. The living prefers death as solutions are not in sight. Who will save the dying land?

Amidst the seriousness of the play, Iwu introduces two characters: Ezemma and Nwokeocha, who are members of the cabinet to ease the tension arouse by the unfolding events. These two revered men help to crack the ribs of the readers with comic banter.

In page 20;

EZEMMA: what am I saying? Wisdom! Wisdom! Igwe, I am full of...[Nwokeocha intrudes]

NWOKEOCHA [scornfully] Madman!

EZEMMA: will you shut up and listen to...

NWOKEOCHA: What wisdom can one possibly get from a lunatic? I do not blame you; a child that suckled a goat's milk will definitely act like a goat even in his old age. You need to return to your mother in her grave so you can have a taste of her breast milk.

EZEMMA: [Rises and faces Nwokeocha] How dare you call my dead mother into this? I see, you have really want to show me that you have grown enough hairs around your manhood.

ELDERS: Chai! [Elders exclaim, laughing and turning left and right] Enough!

NWOKEOCHA: [Stands up, pointing a finger at Ezemma] And you whose hairs are now overgrown into a forest, you need to be weeded...

This play is both revelational and revolutional. On the former, Iwu reveals that there's more to scapegotism as a concept. Some great African writers Wole Soyinka, Femi Osofisan and a host of others in their various plays, but Verdict of the Gods introduces a new scapegotism. However, on the latter, it demolishes the stereotype created  in most African writings, where the  God of the new religion is often given ultimate power of purifying African lands of its mess. In Verdict of the Gods, it is different as the  African gods reign supreme in sanctifying their people and their lands of sins.

The masterful ink of the playwright is laudable in his ability to select suitable words for his characters. The social standing of his characters are discernable through the quality of their language. Every scene in this play is opened with a beautiful African proverb dancing into your eyes and the use of African proverbs by the characters show the rich culture of Achara community.

The cover design of the play has great significance in the over development and arrangement of the play. Its from cover has the head of three gods joined together in a threesome unity. However, the play is not arranged in Acts and Scenes but it's divided into three - Beginning, Middle and End. The use of three gods has Biblical allusion of God the Father, Son and HolySpirit. That's, the Trinity in one God. In this play, one discovers that these Gods are one and their verdict is equally one. Despite the deviation from play's convention of Acts and Scenes, the play maintains the three unity of place, time and event which solidifies its beauty as a play. Although some might raise alarm on his use of uppercase in 'Gods' but I don't think he has committed as grammatical blunder on that. I think, it's a question of choice.


The Playwright 

Iwu Jeff ( Iwuchukwu Jephta) is an award-winning writer who has written in the three genres of literature - poetry, drama and prose. His works have gained homes in different Anthologies and online publication.

From the beginning, through the middle and to the end, the play is suspensely decorated and readers won't have any reason to drop it for a moment until one gets to the very end. Are you ready to discover the verdict of the gods for Achara people? Are you equally ready to discover how a wounded lion got its healing balm? Grab your own copy of Verdict of the Gods.

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AN UNPALATABLE PANDEMIC HITS HUMANITY 

BY MUOMA VALENTINE CHIBUEZE 

An unpalatable pandemic hits humanity,

Causing pandemonium

Ravaging nations of the world

Has succeeded in holding us apart

in the name of social distance

Isolation, quarantine, lockdown, sickness, fear, panic, hunger has become the order of the day


Those who are sick now fear going to the hospital

For fear of being suspected of COVID-19

Even those with the virus are scared of opening up

For fear of being segregated

Thereby infecting others

Increasing the spread the virus.


The pandemic has become a throb in our neck

Its tremulous beats wake trenchant

Its stings becoming catastrophic to the well-being of the nation

The number of cases keep raising daily and has become a plethora


The social media has become agents of adulterated news

Bringing forth absurd means of combating the virus

Propagating outrageous number of cases

Creating panic, fear and chaos in the land.


Observing safety tips is the only panacea to contending the virus

Anything contrary exacerbates the pandemic

Continuous public health enlightenment Should be accessible to everyone.


Corrections of fallacies on the spread of the virus 

Is our collective responsibility

Looking out for one another is imperative

With all these measures on ground

We can successfully overcome this unpalatable pandemic.


ABOUT THE POET

Muoma Valentine Chibueze is a poet, essayist and motivational speaker. He is currently a student of Nnamdi Azikiwe University, Awka.

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Teo Han Siang
Updated 2 Months ago · 0 Likes · 0 Comments

Financial reports are critical since they contain significant information about the financial health of a business. These reports allow business owners to make an informed decision as they highlight which companies’ areas offer the best return-on-investment. Unless exempted, companies in Singapore are mandated to file their financial reports or statements with ACRA. The reports must abide by the Singapore Financial Reporting Standards or SFRS that the Accounting Standards Council issued.

Other benefits of financial reporting include:

  • Enhanced debt management: Regardless of the business sector, debt can cripple the company’s development all the same. Financial reports allow companies to track their current assets divided by their current liabilities on their balance to help gauge their liquidity and handle their debts accordingly.
  • Identification of trend: Financial statements allow business owners to spot trends, both past and the present, which empower them to overcome potential weaknesses while assisting them in making improvements that will be beneficial to their business’s overall health.
  • Real-time tracking: By getting access to centralised, real-time insights, business owners would be able to make informed business decisions swiftly, hence, preventing any possible hurdles while keeping their financial fluidity all the time.
  • Liabilities management: Proper liabilities management is a vital part of the ongoing financial health of the company. Examples of integral liabilities include business loans and credit cards. The financial statements allow business owners to determine whether they need to decrease existing liabilities before making an official business loan application.

Business entities exempted from the financial report filing are as follows:

  • Partnerships, including limited partnerships
  • Sole proprietorships
  • Solvent EPCs or Exempt Private Companies. While solvent EPCs are exempted, they are encouraged to file their financial statements.
  • Dormant unlisted companies, which are dormant from their establishment’s time or since the end of the past financial year.

To ensure accurate and legally compliant financial reporting, business owners should seek assistance from reputable Singapore accounting services. When selecting accounting services in Singapore, be sure to consider factors like the agency’s credibility, reliability, industry expertise, pricing model, and extra services.

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