As part of our corporate social responsibility, we are hosting the free IFRS Jamboree for Accountants, Auditors and all Finance Managers This event is free but pre-registration is required. REGISTER HERE NOW!!! Registration ends on 20th, OCtober 2014. It is absolutely free.... The weekend is here again plus the Eid Mubarak celebration!!! Click to watch our weekend video HERE...TGIF
We have never stopped believing in possibilities since 1960. We have kept our hopes and dreams alive even through the worst adversities. We have fought defeat and stayed friends with victory. Our differences may have been our enemy yet we choose to take it as different identity surviving under ... Read More Thank God its Friday. Today is the last Friday of the month. Relax with our "thank God its Friday video" by reading our latest Blog post. Its Educative, Inspiring and Motivating. Have a fulfilled and Lovely Weekend.
  Have you heard of this great opportunity? It’s a unique offer that no one must miss especially auditors, accountants, HR and finance managers. . Its International Financial Reporting Standards (IFRS)Jamboree. PML Advisory is a growing advisory & consulting business in Nigeria. The leaders are one of pioneers of IFRS in Nigeria. ... Read More
 Changes in IFRS for SMEs  The International Accounting Standards Board (IASB) is currently working on changes to the IFRS for Small and Medium Enterprises (SMEs), which are expected to affect over 15 sections of International Financial Reporting Standards ... Read More
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The human body works like every business system, how? For starters it is made up of different systems that work independently but are also integrated. The brain like the CEO runs the activities of the body. There is information flow, through the blood. Just as it is necessary for ... Read More
Amazing video we got here!!!! You can ease up your weekend by watching our videos and reading interesting articles on pml advisory website.
Social media networks were a novelty 5 years ago, but today their importance is no longer debated. Yes, businesses have definitely realized the power of social media and accepted that social media marketing has to be part of their marketing and PR mix. In Social Media Examiner's 2013 End of ... Read More


It has been 6 months of demanding work for most Auditors and Accountants. Most Companies in Nigeria are 31 December financial year-end. Some companies are 31 December due to:

For those that are mandated to have their financial year-end as 31 December, it is understandable but why do you choose 31 December when it is not mandatory for your company.

With 31 December being year-end for most companies in Nigeria, auditors and accountants work very hard to meet up with the reporting deadline. What you experience, is that Clients with fat cheques get the attention of the Auditors, and most time, they meet the reporting deadline earlier compare with smaller companies.

It is also a common occurrence to experience regulatory filing difficulties on the last day of filing of 30 June for 31 December year-end client. The heavy internet traffic on the Tax Authority website crashes the website on such date and usually difficult to file returns.

Instead of selecting 31 December as your financial year-end, you can also align your year-end with your business cycle. A school can choose 30 September year-end as it aligns with the Student Academic calendar.

Our suggestion is always if you are not mandated to be a 31 December year-end client, please choose another month for your financial year-end. You will receive better service and attention from your auditors and tax authority because work pressure will be less. March, June, or September is a good alternative financial year-end to choose.