Practical Accounting Resources

WHY YOU SHOULD BECOME A PROFESSIONAL (Part two)--- By BELLO ABDULLAH (H.A)

From the first part of this article, I made a promise to answer some questions. I have fulfilled my promises here. Click here to read the first part of this article. (Part two) HOW CAN YOU BECOME A PROFESSIONAL? In my previous article, I made us understand the concept of professionalism, its numerous advantages and why everyone should strive to become a professional. How, then, can you become a professional? No matter the field or career you find yourself, whether formal or informal, you can as well become a pro in your own field. You can become a professional artisan, footballer, designer, engineer and so on in TWO major interdependent ways: 1. THROUGH YEARS OF HARD WORK AND EXPERIENCE: There is a general old adage which says “practice makes perfection”. This age-long axiom has always remained true. You can become a pro in your field through hard work and dedication, backed by conscious effort towards growth and development. By spending a number of years in your job and paying cl...

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STEPS INVOLVED IN THE CALCULATION OF CHI-SQUARE(χ2)

STEPS INVOLVED IN THE CALCULATION OF CHI-SQUARE (χ2): Step 1: Formulation of Null and Alternative Hypothesis; one being independent and the other being dependent. For example: H0: Null Hypothesis (Categories that are independent) H1: Alternative Hypothesis (Categories that are dependent) Step 2: Derive your Expected Values for all the cells in the Observed Table respectively. Using the following formula: Expected Values= Row Total multiply by Column Total divided by Total Sample Size. (See picture below) This formula will be applied on each cell in our Observed Values to arrive at our Expected Values. Note: Total Sample Size or grand total is usually denoted using 'n'. Step 3: Construct your Chi-Square Tables using the Chi-Square formula. (See pictures below) Step 4: Obtain your Chi-Square value using the Chi-Square Critical Value Table.(picture below) Compare your step 3 answer with the value you obtained from the Chi-Square Tabl...

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CREATIVE THOUGHT

*You can fly again.* The only time it's over is when it's over. Don't make the mistake of letting go when you still have the chances to make change. Sometimes, what you just need is to take a deep breath and start again. Don't be afraid of the pain you have to take, if it's worth taking - take it. Remember, the precious diamond goes through some rough process before it starts shining. Believe in yourself, believe in what you do and make sure you do the right thing in the right way. Don't be carried away by your past failures, look ahead of you and hope for the best. The best in the sense of success. Think success today and you will fly again. - Mumeen Adeshina Muis

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