Nigeria’s oil producing giant, the Nigerian National Petroleum Company Limited (NNPCL) has declared a profit after tax of N5.4 trillion for the financial year ended 2024, marking one of its strongest ...

The Nigerian National Petroleum Company Limited (NNPC Ltd.) yesterday released its audited financial statement for the full year ended 2024, reporting a Profit After Tax (PAT) of N5.4 trillion on a ...

During last week’s informative seminar organised by Camilleri Preziosi on corporate finance, it was a pleasure listening to Simon Grech, chief commercial officer at Bank of Valletta plc, explaining a ...

Accrual accounting is one of the primary accounting methods and is based on the matching principle, which dictates that revenues and their associated expenses be recorded in the same accounting period ...

Emzor Pharmaceutical Industries Ltd (Emzor) has repaid its inaugural series one commercial paper, amounting to ₦5.13 billion, under its ₦10 billion Commercial Paper Issuance Programme. The note, ...

Bakker announced, "We are raising our full year adjusted earnings per share outlook to a range of $17.65 to $18.15. This represents a raise of $0.30 at both the low and high end of our prior outlook ...

To determine the value of ending inventory and, ultimately, margins, many retailers have stuck with an accounting practice known as the retail inventory method — in some cases for more than 100 years ...

The recent surge in inflation has led managers to reassess the best inventory valuation methods—first-in-first-out (FIFO) or last-in-first-out (LIFO). In times of rising prices, FIFO typically results ...

In Rev. Proc. 2025-23, the IRS on Monday provided a comprehensive, updated list of changes in tax accounting methods to which the automatic change procedures in Rev. Proc. 2015-13, as subsequently ...

Learn what inventory accounting is, how it works, and key methods like FIFO, LIFO, and WAC. Includes real-world examples, tips, and best practices. I like to think of inventory accounting like ...