ICAN ATSWA March 2016 Prizewinners

ATS I

1^st- Lawal Olufemi Moses

2^nd- Mabamije Temiloluwa Oluwabunmi

3^rd- Raji Suliat Temidayo

BAPS- Lawal Olufemi Moses

Economics- Lawal Olufemi Moses

BizLaw- Lawal Olufemi Moses

ATS II

1^st- Fasan Overcomer Oluwasegun

2^nd- Akanji Emmanuel Ashekono

3^rd- Bello Samuel Oluwaseyi

PPFA- Fasan Overcomer Oluwasegun

QT- Ajayi Funmilayo Adewunmi

IT- Akanji Emmanuel Ashekono

ATS III

1^st- Sunday Olayinka Olarewaju

2^nd- Oyedele Gbenga Samson

3^rd- Olafemi Oluwatomi

PPTR- Adewusi Oluwatobiloba Motunrayo

Management- Adewusi Oluwatobiloba Motunrayo

Costing- Olafemi Oluwatomi

Auditing- Sunday Olayinka Olarewaju

F.I. Ogunjuboun’s Prize for the “Best Qualifying Female Candidate”- Olubi Victoria Oluwayemisi

Silver Scholarship for the “Best Qualifying Candidate”- Sunday Olayinka Olarewaju

ICAN ATSWA September 2016 Prizewinners

ATS I

1st- Odiwe Esther Uweoma

2^nd- Akpan Peter Justin

3^rd- Oluwasegun Morenike Mary

BAPS- Adebayo Ayomide Daniel

Economics- Olusegun Morenike Mary

Commskills- Jokotagba Oluwanifemi Oluwadara

BizLaw- Salami Temitope Nofisat

ATS II

1^st -  Lawal Oluwafemi Moses

2^nd - Ehigiegba Promise Tosin

3^rd- Akanbi Comfort Oluwatosin

PPFA- Lawal Oluwafemi Moses

IT- Lawal Oluwafemi Moses

PSA- Akanbi Comfort Oluwatosin

QT- Raji Suliat Temidayo

ATS III

1^st- Obayemi Temitope Esther

2^nd- Olajide Micheal Oluwatobi

3^rd- Oluwadare Oluwaseyi Kehinde

Auditing- Obafemi Temitope Esther

Costing- Obafemi Temitope Esther

Tax- Olajide Micheal Oluwatobi

Management- Akanji Emmanuel Ashekono

F.I. Ogunjuboun’s prize for the “Best Qualifying Female Candidate” - Obafemi Temitope Esther

Princess A.A. Adeniran’s Prize for the “Best Qualifying Female Candidate” for 2016-  Obafemi Temitope Esther

Alhaja (Mrs.) Shakirat Adepeju Babatunde’s Prize for the “Best Qualifying Male Candidate” for 2016- Sunday Olayinka Olarewaju

Silver Scholarship for the “Best Qualifying Candidate”- Obafemi Temitope Esther

ICAN November 2016 Prizewinners

Foundation

1st- Opoola Jamiu Abiodun

2^nd- Pase Oluwasegun Johnson

3^rd- Fadiran Oluwadamilare Peter

FA- Opoola Jamiu Abiodun

                      EBE- Pase Oluwasegun Johnson

                      QT- Adebowale Adeola David

MI- Opoola Jamiu Abiodun

Biz Law- Igwe Nnamdi Franklin

Skills

1st- Oladeji Micheal Tosin- Attends his CR lectures at Bespoke Associates, contact me for more details

2^nd- Lawal Olayemi Surajudeen

3^rd- Alaya Saheed Isiaq

Audit- Alohan Osayamen Bright

PM- Oshin Omoteniola Khadijat

FR- Oladeji Michael Tosin

MGE- Oyediran Emmanuel Sunday

PSA- Ola Abraham Olushola

Professional

1^st- Ogunmuko Olaoluwa Oluwatosin

2^nd- Sanya Ayuba Zamani

3^rd- Adeleye Oluwafunmike Peace

CR- Aliu Oluwafemi Bolaji

AAA- Ogunmuko Olaoluwa Oluwatosin

SFM- Ogunmuko Olaoluwa Oluwatosin

ATAX- Dimuna Tochukwu Macmillan

CS- Oyinbojuni Oyedele Ayodeji

SWAN Prize for the best-qualifying female candidate- Ogunmuko Olaoluwa Oluwatosin

Akintola Williams Deloitte and Touche Prize for the best-qualifying candidate- Ogunmuko Olaoluwa Oluwatosin

Akintola Williams Prize for the best qualifying candidate in a year- Ogunmuko Olaoluwa Oluwatosin

ICAN May 2016 Prizewinners

Foundation

1st- Oladeji Micheal Tosin

2^nd- Babatunde Oluwatobi Abiola

3^rd- Oshin Omoteniola Khadijat

FA- Ogunleye Oluwatosin

EBE- Oladeji Micheal Tosin

QT- Oladeji Micheal Tosin

MI- Babatunde Oluwatobi Abiola

Biz Law- Babatunde Oluwatobi Abiola

Skills

1st- Olorunfemi John Mighty

2^nd- Aremu Hammed Abiodun

3^rd- Aliu Oluwafemi Bolaji

Tax- Uzuh Obianuju Anthonia

Audit- Ogagaoghene Samuel Eruvwu

PM- Adeyemi Bilikisu Adeola

FR- Ibe Onone-Obasi Owai

MGE- Olorunfemi John Mighty

PSA- Olorunfemi John Mighty

Professional

1^st- Eluehike Great Onyeka

2^nd- Adamson Modinat Folaranmi

3^rd- Ajetunmobi Ayokunle Adelanke

CR- Adamson Modinat Folaranmi

ATAX- Eluehike Great Onyeka

CS- Akinwale Kehinde Bolanle

SWAN Prize for the best-qualifying female candidate- Adamson Modinat Folaranmi

Akintola Williams Deloitte and Touche Prize for the best-qualifying candidate- Eluehike Great Onyeka

Institutional Investors

1.      Definition

Big organizations that have large cash reserves that need to be invested, i.e. they receive a lot of money and would rather invest it rather than sit on it.

2.      Types

a.       Banks

b.      Insurance Companies

c.       Pension Funds

d.      Venture Capital Organisations

3.      Protection

Fewer regulations protect them because it is assumed they know what they are doing e.g. A bank can afford to employ a highly skilled Investment specialist.

4.      Advantages of Institutional investment

a.       Can invest large funds

b.      They market the company’s instruments thereby increasing their value

5.      Disadvantages

a.       High agency cost

b.      Too powerful because they can influence share prices on their own

c.       If an institutional investor sells its shares, it’ll lead to excess supply. This will lead to a drop in the share price

Role of Stock Exchange

a.       Avenue for raising capital

b.      Provide information about a company’s value

c.       Regulation

Privatisation and Nationalisation

Privatisation

       It is the sale of government-owned entreprises to prívate investors

Reasons

1.      To cut costs when a country has financial problems

2.      To ensure the business is run in a more efficient way

Nationalisation

This involves the government taking private entities. A compensation is paid.

Reasons

1.      To ensure important services are provided at affordable prices e.g Education

2.      To increase public income

3.      To provide more employment opportunities

Government

Government

1      Grants permission to operate by approving registration

2        Tax

3         Funding investment

4         Drawing up and enforcing laws that regulate the activities of the company

5         Providing infrastructure that aids trade/business, e.g. electricity, good roads, stock markets

Regulation

Regulation

Definition

This is any form of interference with the operation of the free market.

Methods of regulation

a.       Audit

b.      Rules and regulations

c.       Price ceilings and floors

Costs of regulation

1.      Enforcement cost- to ensure the regulations are complied with

a.       Direct enforcement cost- incurred by the regulator

b.      Indirect enforcement cost- incurred by the regulated companies

2.      Regulatory capture

Big firms can influence regulations pertaining to them in their favour.

Advantages

a.       Increases stakeholders’ confidence

b.      Companies in very important industries not likely to fail

Not-for-profit Bodies

They are usually subject to a lower degree of regulation

Roles of other stakeholders

1.       Company Secretary

a. Arrranging meetings between Directors and Shareholders and communicating decisions made in these meeting to outsiders

b. Ensuring the company complies with  relevant laws

c.  Ensuring the company carries on its  business in accordance with its  object(in its Memorandum of  Association)

d.  Prepare the agenda for all BoD  meetings and other necessary  documents with the help of the BoD  Chairman. This agenda will be issued  to all the Directors, also, a notice will  be issued

e.   Signing the Company’s Annual report

f.    Maintaining Statutory registers e.g       Register of Members i.e Shareholders

g.   Reminding Directors of their      responsibilities

2.       Sub-Board Managers

a. Helping in the implementation of the company’s strategy

b. Monitor lower-level managers

c. Resource Allocation

d. Reporting to relevant Director e.g Finance Manager reports to the Finance Director

3.       Employees

a.  Implement risk management and control procedures

b.   Whistleblowing

c.    Reporting to Sub-Board Managers

4.       Trade Unions

a.  Protecting interests of the employees    that are its members

b.  Negotiating terms and conditions of    employment on behalf of its members

5.       Suppliers

a.  Supplying the company with    necessary resources needed to carry  out business e.g money, raw materials,  electricity, e.t.c.

6.       Customers

a.  Purchasing the company’s goods and  services

b.  Letting the Company know when the  quality of its goods and services is not  satisfactory

7.       External Auditors

a.       Examining the financial statements to providing an opinion as to whether they give a true and fair view

b.       Reviewing the internal control system of the company to identify deficiencies

Roles of Directors

1.       Executive Directors

a.       Day-to-day running of the company/organization

b.      Monitoring operational managers

c.       Drawing up and implementing strategies to achieve the organisation’s goals

d.      Representing the company externally

2.       Non-Executive Directors

a.       Monitoring Executive Directors

b.      Determining the pay of Executive Directors and the External Auditor

c.       Participating in the strategy-formulation process

d.      Verifying the integrity of the financial statements

e.      Evaluating the control systems of the company

f.        Representing the company externally

g.       Representing shareholders

ICAN Case Study NOV 2016- Part 2

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Solution to ICAN May 2015 Case Study- Part2/2

Note

i.                    Appendix numbers are based on the pathfinder

ii.                  It might be unrealistic to draft an answer like this under exam conditions

2.  Financial Analysis of Ice Age

A. Wider Context

Worsening general economic conditions and changing consumer preferences have led to a drastic reduction in demand. This will make it more difficult for Ice Age to improve its turnover.

The rise in inflation will increase Ice Age’s costs and reduce its profits.

Rising interest rates will increase Ice Age’s borrowing costs. This can also reduce Ice Age’s profits.

B. Return on Equity (Appendix 2)

Ice Age had returns on equity of 0.46% and 1.09% in 2014 and 2013 respectively compared to the industry average of 7.1%. Its return on equity reduced in 2014 and it was worse than the industry average. This is a cause for concern for Ice Age’s shareholders.

This drop in Ice Age’s Return on Equity is mainly due to the 57.4% fall in Ice Age’s net income in 2014.

C. Gross profit Margin (Appendix 2)

Ice Age’s gross profit margins were 30% and 32% in 2014 and 2013 respectively compared to the industry average of 43%. Its gross profit margins in 2013 and 2014 were worse than the industry average.

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