The GAAP or Generally Accepted Accounting Principles comprises a set of commonly followed accounting standards, procedures, and principles for financial reporting. GAAP is the basis of accounting procedures, as approved and used by the FASB or Financial Accounting Standards Board. 10 Principles of GAAP There are 10 general notions that line up the main mission […]
Outsourcing accounting services are exclusive accountant tools that are used to withdraw non-core functions of full-time accountants from the third party. It helps expand the range of services and cut down ongoing accountant costs. It has been very popular among entrepreneurs to get competitive advantages and reduce financial risks. Companies with highly qualified professional accounting […]
Accounting is a critical aspect of any business. It ensures that sound financial decisions are made for the success and smooth running of the business. Usually, it involves the preparation and consolidation of financial statements and accounting reports for easy evaluation by stakeholders of a business entity in order to foster transparency, accuracy, and reliability. […]
Conducting an audit can be a very complex and time-intensive task and this is the reason not many entrepreneur and businessmen want to initiate the process of an audit in their company. Nevertheless, every business should conduct an audit at regular intervals. This would reveal the loopholes and malpractices, if any, being followed in the […]
You may hear professional investors, corporate officers, and investment analysts talk about a company’s capital structure. The concept is extremely significant because it can affect the return a company earns for its shareholders and whether or not a firm gets through in a recession or depression. Firstly, let us take a moment to know what capital structure is and […]
The United Arab Emirates (UAE) has reasserted that the country is evolving as a leading global hub for business and investment. In pursuit of this, the country is embarking on a mission to make transformative changes that will cement its place as the world’s most sought after investment market. The UAE is focused on creating […]
Companies and financial institutions operating in the UAE should be aware of anti-money laundering. Money laundering and terror financing can result in companies facing strict legal action under the relevant UAE law. Illegal money movements usually happen through phishing, online account takeovers, malicious malware, or other mediums which benefit the unlawful economy and shatter the […]
We all know and understand the importance of Auditing for your company. However, the management should look at the size of the business. An audit will provide more profound and accurate details for any of the company not taking into consideration the size of the business. Auditing services will be as suitable for an MNC […]
Often in businesses, the services of an accountant may have reached their limit, and the accountant is faced with a new or unique business circumstance. In such situations, the management needs to bring in extra help in the accounting department, where the accounting supervision services come into play. Let us first know some more about […]
In recent years, UAE has become home to many internal businesses who have made UAE their main bases to cater services to many other countries. The business-friendly ecosystems and a robust legal system based on international standards have ensured companies can carry out their business activities with minimal issues and keep worries at bay. However, […]
