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How important are financial reports to business activities?

Teo Han Siang
Posted 21 Days 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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Muoma Valentine
Updated 10 Days ago · 0 Likes · 0 Comments

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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Posted 1 Month ago · 0 Likes · 0 Comments

Posted By Izunna Okafor



"Cry Of The Forest", a popular short story by award-winnig Nigerian writer, Godwin Cornelius Udagbor, has been translated into Hindi, an Indian Language. The translation was carried out by an Indian writer, Mrs Rukiya Begum, a poet, famous for works in her country, India.


Earlier in 2018, Cry Of The Forest received powerful recommendation from two Indian Literary giants; Professor Sahjahan Ali Ahmed and Dr Rajdeep Chowdhury. Udagbor’s work has been flying since its publication in 2018.


It has been revealed that Rukiya Begum began the translation in March 2020 and finished it in June of the same year.


Information has it that a mass production of the newly translated work is in progress, following useful negotiations between the author, Godwin Udagbor, his legal team, and the translator, Mrs Rukiya Begum.


The translator has been an avid (online) admirer of "Cry Of The Forest" and its author, an admiration that eventually culminated to such an intellectual relationship. Their online discussion invariably centered on  Polygamy.



Polygamy has two faces however; and in Africa, it implies a man marrying more than one wife simultaneously. In India it is Polyandry, that is, a woman marrying more than two husbands, to contrast with the popular African notion of Polygamy.



Presumably, it was this shocking contrast that magnetized Mrs Rukiya Begum that she decided not to let it go unattended to; hence, she decided to translate, from English to Hindi, Godwin Cornelius Udagbor’s bombshell as far she is concerned.


On his part, the author, Godwin Udagbor wishes that he could speak and write Hindi to enable him know and feel the emotions of a Hindi reader who has just discovered that, on the same planet earth, lives another version of the Polygamy their tradition has always fed them with.


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Osita Eze, Youth Pastor
Posted 1 Month 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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Osita Eze, Youth Pastor
Posted 1 Month ago · 0 Likes · 0 Comments

 

     According to the Oxford Advanced Learner’s Dictionary, a slave is ‘a person that is controlled by another person or thing’. He does not have an independent mind-his decisions are strongly influenced by another person or thing.

     A slave to sin is a person who is controlled by the force of sin. He cannot do without committing sin. He is strongly bonded to the yoke of sin no matter how much he tries to break free from it.  

 

WHAT IS SIN?

     Sin is the transgression of the law. It is an act of disobedience to God’s established laws and commandments. Anyone who lives with the habit of breaking God’s laws is a sinner.

 

CONSEQUENCES OF BEING A SLAVE TO SIN

      There are six main consequences of being a slave to sin. They are:

1. He is an alien to God: Anyone still living in sin is a stranger in God’s house. He does not have a permanent residence in God’s kingdom. “The slave does not continue in the house (God’s family) for ever… (John 8:35a, words in bracket mine). He cannot have access to God’s kingdom riches unless he repents from sin.

 2. He is the devil’s possession: Anyone who has the devil’s property (sin) in him is automatically a toy in the hands of the devil. “He who commits sin is of the devil” (1 John 3:8a). The devil uses him to fulfil his whims and caprices.

3. His prayers are unanswered: A sinner’s prayer is an abomination before God (Isaiah 59:1-2). God doesn’t hear such prayer. The only prayer of a sinner that is acceptable to God is the prayer of genuine repentance.

4. He is a victim of God’s wrath: God’s face is against anyone who does evil (1 Peter 3:12b).  His wrath rests evidently with sinners daily (Psalm 7:11b, John 3:36b).  

5. He is spiritually separated from God: Sin separates a man from God because His eyes are too holy to behold iniquity (Isaiah 59:2). It makes a man to be far from God. It is the cry for mercy that brings him close to God.

6. He has an eternal home in hell: A sinner has a permanent home in hell, a place that burns with fire and brimstone eternally if he fails to repent from his sins (Revelation 21:8). No unrighteous person will enter into heaven, the eternal home prepared for the saints.

 

THE WAY OUT OF SLAVERY

     Living a life that is free from the bondage of sin is a choice to be made by those who are tired of being the devil’s captive. 

     The first step to living a sin-free live is to hate sin, confess your previous sins and forsake them (Proverb 28:13).

     Secondly, you must invite Jesus into your heart by faith now that He can still be found. When He comes in, He will break the yoke of sin in your life and give you the power to become God’s child (Matthew 11:28-29, John 1:12).

   Thirdly, you must make a permanent commitment to Jesus to serve Him as your Lord and Saviour all the days of your life. Living a sin-free life comes with its own special demand and package-a life of total surrender to the Lordship of Jesus now and forever.

     Lastly, learn everything you need to know about Jesus by attending a church where God’s words are taught with sincerity. Study and meditate on His actions, teachings and commandments. Ensure that you obey Him every time and everywhere. Regular obedience to God is the surest way to maintaining your liberty in Christ Jesus. Make the decision to obey Him today. Shalom.

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Updated 4 Months ago · 0 Likes · 0 Comments

Society of Young Nigerian Writers, (SYNW), which is a national umbrella of young writers in Nigeria, has joined in the global fight against coronavirus, by launching and championing a new movement — 'Writers Against Covid-19'.


This was disclosed by Chairman and Coordinator of the movement, Izunna Okafor, through a release he jointly signed with the Secretary of the movement's committee, Musa Sunusi Ahmad who also doubles as the National Public Relation Officer of the SYNW.


According to the release, the movement was primarily formed to integrate writers in the ongoing  fight against COVID-19 pandemic, and to give them platforms to employ their pen, creativity and dexterity towards combating and winning the war against the novel virus, which is currently 'harassing' the world in all ramifications.

The ideation cum formation of the movement is more or less corroboratory to Edward Bulwer-Lytton's age-long pithy saying, that 'pen is mightier than sword'; and is also in keeping with the fact that writers have a plethora of roles to play in this global fight against the novel virus, and to which many of them are very ardent to give their best, if given a platform.

The statement reads in part:

"The pursuit of this new movement is tripartite in nature, with regards to the (equally new) projects it has been launched to undertake.

"One of these is administration of the association's newly launched online certificate course on coronavirus, called 'SYNW Covid-19 Correspondence Course' (which could be taken at:  www.https://covid19correspondencecourse.blogspot.com ). 

"The correspondence course has been rightly renamed after Menegian Saro-Wiwa, son of late playwright, Ken Saro-Wiwa, who recently died of COVID-19 in London.

"The movement is also charged with managing and regularly updating the SYNW COVID-19 Information Hub —

www.https://synwcovid19informationhub.blogspot.com (which is a new site exclusively created by the association, for publishing news relating to coronavirus).

"Lastly, the movement is to publish an electronic anthology on the COVID-19 pandemic (which is expected to be out by May, featuring literary works on coronavirus, from writers across the world)."

Izunna Okafor further noted through the release that, "aside publishing of successful writers' works in the anthology, certificate(s) of participation and automatic membership into the association will also be given to the successful participants in each of the projects."

He also appreciated the President of the Society of Young Nigerian Writers, Mr. Wole Adedoyin, and other National Executive Members of the association for coming up with such an apt movement.

He called on both bourgeoning and established writers from different parts of the world to identify with, and take part in the projects; even as he solicited the support of goodhearted individuals, private and public organisations, as well as government, to support the movement to achieve its reputable objectives.

Okafor, who himself is an author and equally the National Secretary of the young writers association, advised that further enquiries about the movement could be directed to the committee via: writersagainstcovid19movement@gmail.com .

Other committee members of the movement include: 

Angelica C. Uwaezuoke — (SYNW Coordinator, University of Nigeria Nsukka) 

Abdulrazak Denja Balema — (SYNW Coordinator, Federal University Lokoja)

Sakinah Yusuf — (SYNW Coordinator, Bayero University, Kano)

Adebayo Iwalola — (SYNW Coordinator, Adekunle Ajasin University)

Innocent David Chinaecherem — (SYNW Coordinator, Federal University of 

Technology Owerri)

Alabi Matthew — (SYNW Coordinator, University of Lagos)

Luqman Alawode — (SYNW Coordinator, Osun State)

Henry Ndifreke Precious — (SYNW Coordinator, University of Abuja)

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

As Christians who believe in God, we are channels of God’s power to the outside world. God’s power is a spiritual liquid formula that serves as a deposit of His presence in every believer. It is a life-giving power that flows from within thus bringing healing and divine health to the church and conviction in the hearts of those who hear us. Unfortunately, we have lost it. We no longer preach to the peoples of the world by the assistance of God’s tangible power. The church has become entangled with worldliness and is struggling to come out of it.

     What can be the probable factors responsible for this? There are four basic factors responsible for the seizure of God’s power in our generation. They are:

1. Lack of focus: A lot of times, we, the church has failed to take the river of God’s powerto places where it is needed. We only concentrate it on our church or denomination activities and programmes. We have become too self-centred to the extent that we no longer care to do something positive about reaching out to those outside the four walls of our church building and denomination. We now give priority to building of cathedrals and raising of millionaires instead of preaching and teaching the whole counsel of God to our hearers. We are divided by our various church doctrines rather than the finality of the Scripture.

2. Because there are holes in the riverbeds: Oftentimes, when there is a heavy downpour from the sky, water does not always flow easily to places where it is needed because of the presence of potholes.These holes serve as a limit to the flow of the deluge of water.

We are the channels through which God demonstrates His mighty power to the world. When there are holes in our lives as a church, the river of His power sinks without flowing. For instance, many people go for ordination into any of the five-fold ministries of Jesus Christ-Apostle, Prophet, Evangelist, Pastor and Teacher without being adequately prepared for this spiritual assignment. Many of them do not submit themselves to godly discipleship. They have become spiritual bastards and have thus taught their followers to be same with them. They are without spiritual guide and mentoring.

     Some churches and para-church organizations are employing poor individuals and young unemployed graduates as pastors in their denomination for the sake of God’s kingdom and their denomination’s expansion. Some don’t even have well prepared follow-up outlines for their converts. They simply leave and expose them to greater influence of the world and the devil.

3. Because too many people depend on our river: Pastors with experiential daily knowledge of God are the most strategic change agents to deal with the problems in our society. Many church attendees look up to their pastors for help and solution to their spiritual problems. They see him as a person without weaknesses and problems.They throng into his office and home even at odd hours for counseling and prayers. They don’t do this with the intention of wearing out the pastor. But in actual sense, every true pastor called of God will always want to help their members because it is his responsibility.

     When people draw too much virtue from the pastor without him going back to God to be refilled with spiritual strength, God’s power will not flow to other people’s direction. Jesus understood this fact. And the scriptures records that each time He ministered healing to the sick andoppressed, virtues flows out of Him. He returned to God to be filled with new power and anointing. He did not rely on yesterday’s revelation and anointing for today’s ministration. It was each day, new revelation. He was always retreating from activities and from the multitudes to regain new strength. The reverse is now the case with many pastors and Christian leaders who have become empty cisterns because they no longer go on spiritual retreats.

4. When there are limitations: Sin and inconsistency in observing our consecration are limiting factors to the flow of God’s power. When a minister does not pay proper attention to his strengths and deal with his weaknesses, there is the tendency for him to see more of his weaknesses than his strength.

     A lot of times when God speaks or instructs us to deny ourselves of certain pleasures so that we can be more sensitive to Him, we see Him as a wicked God who forces His will on us. As a result, we begin to rely more on our strength rather than on our God. Samson, in the Bible at a point was no longer committed to his consecration. He reliedon his physical strength rather than God. He almost lost out of God’s plan for his life if not for the mercy of God that prevailed over him. The lesson here is this: Sin is a reproach and it has the capacity to block the flow of God’s power to our generation.

     To clear the blocked channels of God’s rivers of living water, Christians must have faith in Christ and obey His teachings. Jesus said: “He who believes in Me, as the Scripture has said, out of his heart will flow rivers of living water” (John 7:38, NKJV). Prompt obedience to the words of Christ is the secret to blessing our generation with the rivers of living waters which is evidently needed in our world today. 

 

As Christians who believe in God, we are channels of God’s power to the outside world. God’s power is a spiritual liquid formula that serves as a deposit of His presence in every believer. It is a life-giving power that flows from within thus bringing healing and divine health to the church and conviction in the hearts of those who hear us. Unfortunately, we have lost it. We no longer preach to the peoples of the world by the assistance of God’s tangible power. The church has become entangled with worldliness and is struggling to come out of it.

     What can be the probable factors responsible for this? There are four basic factors responsible for the seizure of God’s power in our generation. They are:

1. Lack of focus: A lot of times, we, the church has failed to take the river of God’s powerto places where it is needed. We only concentrate it on our church or denomination activities and programmes. We have become too self-centred to the extent that we no longer care to do something positive about reaching out to those outside the four walls of our church building and denomination. We now give priority to building of cathedrals and raising of millionaires instead of preaching and teaching the whole counsel of God to our hearers. We are divided by our various church doctrines rather than the finality of the Scripture.

2. Because there are holes in the riverbeds: Oftentimes, when there is a heavy downpour from the sky, water does not always flow easily to places where it is needed because of the presence of potholes.These holes serve as a limit to the flow of the deluge of water.

We are the channels through which God demonstrates His mighty power to the world. When there are holes in our lives as a church, the river of His power sinks without flowing. For instance, many people go for ordination into any of the five-fold ministries of Jesus Christ-Apostle, Prophet, Evangelist, Pastor and Teacher without being adequately prepared for this spiritual assignment. Many of them do not submit themselves to godly discipleship. They have become spiritual bastards and have thus taught their followers to be same with them. They are without spiritual guide and mentoring.

     Some churches and para-church organizations are employing poor individuals and young unemployed graduates as pastors in their denomination for the sake of God’s kingdom and their denomination’s expansion. Some don’t even have well prepared follow-up outlines for their converts. They simply leave and expose them to greater influence of the world and the devil.

3. Because too many people depend on our river: Pastors with experiential daily knowledge of God are the most strategic change agents to deal with the problems in our society. Many church attendees look up to their pastors for help and solution to their spiritual problems. They see him as a person without weaknesses and problems.They throng into his office and home even at odd hours for counseling and prayers. They don’t do this with the intention of wearing out the pastor. But in actual sense, every true pastor called of God will always want to help their members because it is his responsibility.

     When people draw too much virtue from the pastor without him going back to God to be refilled with spiritual strength, God’s power will not flow to other people’s direction. Jesus understood this fact. And the scriptures records that each time He ministered healing to the sick andoppressed, virtues flows out of Him. He returned to God to be filled with new power and anointing. He did not rely on yesterday’s revelation and anointing for today’s ministration. It was each day, new revelation. He was always retreating from activities and from the multitudes to regain new strength. The reverse is now the case with many pastors and Christian leaders who have become empty cisterns because they no longer go on spiritual retreats.

4. When there are limitations: Sin and inconsistency in observing our consecration are limiting factors to the flow of God’s power. When a minister does not pay proper attention to his strengths and deal with his weaknesses, there is the tendency for him to see more of his weaknesses than his strength.

     A lot of times when God speaks or instructs us to deny ourselves of certain pleasures so that we can be more sensitive to Him, we see Him as a wicked God who forces His will on us. As a result, we begin to rely more on our strength rather than on our God. Samson, in the Bible at a point was no longer committed to his consecration. He reliedon his physical strength rather than God. He almost lost out of God’s plan for his life if not for the mercy of God that prevailed over him. The lesson here is this: Sin is a reproach and it has the capacity to block the flow of God’s power to our generation.

     To clear the blocked channels of God’s rivers of living water, Christians must have faith in Christ and obey His teachings. Jesus said: “He who believes in Me, as the Scripture has said, out of his heart will flow rivers of living water” (John 7:38, NKJV). Prompt obedience to the words of Christ is the secret to blessing our generation with the rivers of living waters which is evidently needed in our world today. 

 

As Christians who believe in God, we are channels of God’s power to the outside world. God’s power is a spiritual liquid formula that serves as a deposit of His presence in every believer. It is a life-giving power that flows from within thus bringing healing and divine health to the church and conviction in the hearts of those who hear us. Unfortunately, we have lost it. We no longer preach to the peoples of the world by the assistance of God’s tangible power. The church has become entangled with worldliness and is struggling to come out of it.

     What can be the probable factors responsible for this? There are four basic factors responsible for the seizure of God’s power in our generation. They are:

1. Lack of focus: A lot of times, we, the church has failed to take the river of God’s powerto places where it is needed. We only concentrate it on our church or denomination activities and programmes. We have become too self-centred to the extent that we no longer care to do something positive about reaching out to those outside the four walls of our church building and denomination. We now give priority to building of cathedrals and raising of millionaires instead of preaching and teaching the whole counsel of God to our hearers. We are divided by our various church doctrines rather than the finality of the Scripture.

2. Because there are holes in the riverbeds: Oftentimes, when there is a heavy downpour from the sky, water does not always flow easily to places where it is needed because of the presence of potholes.These holes serve as a limit to the flow of the deluge of water.

We are the channels through which God demonstrates His mighty power to the world. When there are holes in our lives as a church, the river of His power sinks without flowing. For instance, many people go for ordination into any of the five-fold ministries of Jesus Christ-Apostle, Prophet, Evangelist, Pastor and Teacher without being adequately prepared for this spiritual assignment. Many of them do not submit themselves to godly discipleship. They have become spiritual bastards and have thus taught their followers to be same with them. They are without spiritual guide and mentoring.

     Some churches and para-church organizations are employing poor individuals and young unemployed graduates as pastors in their denomination for the sake of God’s kingdom and their denomination’s expansion. Some don’t even have well prepared follow-up outlines for their converts. They simply leave and expose them to greater influence of the world and the devil.

3. Because too many people depend on our river: Pastors with experiential daily knowledge of God are the most strategic change agents to deal with the problems in our society. Many church attendees look up to their pastors for help and solution to their spiritual problems. They see him as a person without weaknesses and problems.They throng into his office and home even at odd hours for counseling and prayers. They don’t do this with the intention of wearing out the pastor. But in actual sense, every true pastor called of God will always want to help their members because it is his responsibility.

     When people draw too much virtue from the pastor without him going back to God to be refilled with spiritual strength, God’s power will not flow to other people’s direction. Jesus understood this fact. And the scriptures records that each time He ministered healing to the sick andoppressed, virtues flows out of Him. He returned to God to be filled with new power and anointing. He did not rely on yesterday’s revelation and anointing for today’s ministration. It was each day, new revelation. He was always retreating from activities and from the multitudes to regain new strength. The reverse is now the case with many pastors and Christian leaders who have become empty cisterns because they no longer go on spiritual retreats.

4. When there are limitations: Sin and inconsistency in observing our consecration are limiting factors to the flow of God’s power. When a minister does not pay proper attention to his strengths and deal with his weaknesses, there is the tendency for him to see more of his weaknesses than his strength.

     A lot of times when God speaks or instructs us to deny ourselves of certain pleasures so that we can be more sensitive to Him, we see Him as a wicked God who forces His will on us. As a result, we begin to rely more on our strength rather than on our God. Samson, in the Bible at a point was no longer committed to his consecration. He reliedon his physical strength rather than God. He almost lost out of God’s plan for his life if not for the mercy of God that prevailed over him. The lesson here is this: Sin is a reproach and it has the capacity to block the flow of God’s power to our generation.

     To clear the blocked channels of God’s rivers of living water, Christians must have faith in Christ and obey His teachings. Jesus said: “He who believes in Me, as the Scripture has said, out of his heart will flow rivers of living water” (John 7:38, NKJV). Prompt obedience to the words of Christ is the secret to blessing our generation with the rivers of living waters which is evidently needed in our world today. 

 

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