Dubai Media City is located under the jurisdiction of Dubai Technology and Media Free Zone (DTMFZ) and is a member of TECOM Investments. It was established in the year 2000 and is now a base for global operations of the world-famous media giants like Forbes, CNN, Reuters etc. This free zone of Dubai Media City was built […]
How Can The Accountants Help During COVID 19
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 […]
What is an Internal Audit Plan
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 […]
Why Outsource Company Liquidation process?
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 […]
What Are The Different Methods Of Obtaining Audit Evidence
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. […]
What Are The Different Types Of Financial Statement Analysis?
A company’s financial statement analyzes a company’s finances over time. A country’s law requires companies to keep records of their economic activity to track their finances and prevent financial mismanagement. Financial Statement Analysis Financial statement analysis involves analysing a company’s financial statements to make business decisions. External investors and stakeholders use it to understand the […]
How to Manage Working Capital Effectively
Every business requires to have capital in hand so that it can perform the daily business activities. This fund or capital for daily use is known as the working capital. This Working Capital needs to be managed properly as if the working capital is affected, and the business activities could be hampered, which will, in […]
Techniques Used In An Internal Audit Process
A scheduled internal audit allows you to gauge the effectiveness of your business’s internal control system. An internal audit occurs once or twice every year. An internal audit helps uncover internal control weaknesses and evidence of fraud, wastage or abuse of company resources. Internal audits also help in effective risk management (Read all about Importance of […]
Tax Planning Strategies
The goal of every taxpayer is to attenuate Tax Liability. To accomplish this objective taxpayer may resort to the following Three Methods : 1. Tax Planning 2. Tax Avoidance 3. Tax Evasion Now let us discuss the essential method to manage tax liability i:e Tax Planning Tax planning Tax planning is all about analyzing the […]
All About Accounting In the UAE
Setting up a business is step one to a successful business venture in the UAE. Step two would be maintaining records of your financials day in and out. The government of every Emirate checks your tax returns, spending, transactions, etc. The government does this to ensure that your business stays on the right side of […]