Every business conducts certain activities that end up either profitable to the business or cause loss to the business. The management should keep track of the activities being conducted by the business and also the impact which these activities have on the working of the business. If the loss caused is very high and irrecoverable, […]
Reporting of the financial data of the company is very important for both the management of the company as well as the investors of the company. we have seen many instances in which the company tried to cheat its way to a better profit and was caught at last with the imposition of heavy penalties […]
After spending a lot of time on acquiring the various licenses and going through various hoops, you have finally set up a business in the United Arab Emirates. But do not take a sigh of relief just yet. You have only completed the first step, and now you have to run a company, and it […]
The importance of capital is known to every businessman. The way the capital of a business is structured plays a very important role in the growth and development of a business. a good capital structure of a business not only helps the management of the business in many ways but also affects the workers and […]
Business Valuation is the process of acquiring the worthy status of your company. It means that the established company has to keep checking on their company’s assets, share values, liability, income, and management to make up their mind about their company’s future. Valuation of a company is crucial as it gives you a complete idea […]
Financial technology for short, FinTech, is one of today’s most exciting and fast-growing fields of global business. Although the term may be basic, products and companies in the banking and financial services industries that employ newly established digital and online technology are far more complicated in how it is used and its effect on customers. […]
Global responses to the coronavirus disease 2019 (COVID-19) outbreak continue to evolve rapidly. As the pandemic rises both in severity and span, companies also face conditions linked to a general economic downturn. This effect is not limited to the uncertainty and deterioration of financial markets worsening credit, liquidity concerns, further increases in government interference, increased unemployment, widespread […]
Regular internal audits of a company help the business understand its internal operations, specific product/ project financials and help prevent financial fraud or mismanagement.(Read all the importance of internal audit) In this article, we’ll look at the Internal audit plan, its conduction and its various processes. The Annual Internal Audit Plan The annual internal audit plan is the […]
Association of two or more people to carry out business for profit-making purpose is termed as Company. The Company got a separate legal identity in the eyes of the law but cannot perform the business activity on its own, to carry out business processes Company needs a group of people. Setting up of Company is […]
The Audit of a company will provide a comprehensive picture to the investors about the business. To properly prepare the audit reports, the auditors are required to find the relevant data. This in a nutshell is an Audit Evidence gathering procedure. Audit procedures for obtaining audit evidence are an essential part of an auditor’s arsenal. […]
