There has been a visible increase in the number of businesses all over the world. The United Arab Emirates is no stranger to the gradual rise in the businesses coming into the country. All the businesses are required to adhere to certain accounting standards while preparing the necessary financial documents of the company. There are […]
The implementation of the Value Added Tax in the United Arab Emirates is a reasonably new change, and this change was made to help both the public as well as the business entities. Not only will the VAT reduce the dependency of the country on the oil and hydrocarbon sector, but it will also simplify […]
When a person in business or entrepreneur sets up a company, the primary aim of the person is to generate profits for himself and the stakeholders. It is easier for a business entity to find out if it is gaining profits or is facing losses by maintaining the books of accounts of the company. These […]
The recent implementation of the Value Added Tax in the United Arab Emirates was a brilliant move on the part of the Government of the country. The application of this new tax will not only help the country in getting a new source of the fund but will also assist the company in acquiring new […]
The importance of Accounting function is known to every business person. In today’s scenario, the accounting function has a very big role to play in the financial management of a company. Accounting is one of the most basic functions which is required to be performed by a company. Services such as Accounting and Bookkeeping have […]
Keeping track of all the transactions, financial or any other kind, of the company is very important for it to grow. With the knowledge of every transaction made, the management of the company will be able to predict the outcome of the decision they make on the business front and will also be able to […]
Performing an Audit of the company is looked upon as an obligation and not as an opportunity, but gradually this mind-set of the people is changing. Now, if the company is going into losses or is nor performing as planned, then the first thing that the management performs is an Audit. The Financial Audit of […]
At the beginning of the year, there were only talks around the water coolers about a virus that had come from the bats, but nobody paid attention to it. Gradually this virus spread all over the world, but still, the people used to think that this virus can be contained to a specific location. And […]
The International Financial Reporting Standard (IFRS) is a widely accepted and most followed accounting standard all over the world. The IFRS was issued by the International Accounting Standards Board (IASB) and the IFRS Foundation and will assist the management of the companies and accountants all over the world to understand the business numbers of the […]
The main aim of any business organization is to make a profit for them as well as the shareholders of the company. This aim can be achieved by availing proper Accounting and Auditing services. Auditing plays a huge role in the development of a business. Not only it will provide information about the internal processes […]
