Small and Medium enterprises stand as the backbone of a nation. In the United Arab Emirates (UAE), the SMEs constitute 95% of the total enterprise population, which employs around 43% of the entire workforce. From a holistic point of view, we can say that the SMEs stand as a primary source of entrepreneurship, innovation and […]
Many times, a company has plans for the future of the company but does not have the appropriate funds to see these plans through. Under such circumstances, the company can opt for loans or borrow money from various other sources to fulfil its plans. Off late, debt is considered as a fundamental part of the […]
All of us aspire to create the right amount of wealth and manage our finances in a better way. However, these things seem too complicated when it comes to practice. There is not enough knowledge sharing about the subject – how money works. In the UAE, financial literacy is an issue and the world in […]
The business environment is an ever-changing thing which is affected by many factors. It should be taken care that the business should always be flexible enough to change itself according to the prevalent fashion. If the company is not able to keep up with the changes in the business environment, the company may have to […]
We all have heard multiple times that accounting stands as one of the core pillars of business. Keeping that in mind as the first way to success, numerous business owners and entrepreneurs hurry-up to implement the accounting foundations in their business premises. It has been noted that after implementation, slight errors are made at a […]
This shrinking world owes a lot to the logistics and cargo service business. The free and quick transfer of goods assists the companies to have a global presence all around the world. This has been possible due to the various breakthrough innovations in the last few years. These innovations have not only helped create a […]
A business enters into multiple transactions in its entire life cycle. Be it debtors or creditors, or customers and bad debts, money is involved in every part of the business. This involvement of finance in every component needs to maintain accountability. Maintaining these business transactions is referred to as bookkeeping, wherein the accounting procedure involves […]
Finance is the fuel on which any business runs. Without ample funding, no firm can survive. However, analysing the financial aspects of a firm is what helps a firm use the least amount of finance to be most productive, thereby achieving maximum efficiency. An audit report is a statement containing the audit’s opinion, which is […]
Auditing is one of the crucial services that can be conducted in any organization. Audit service has no limit it can be conducted in any department of any organization. But auditing in a company is not an easy part to deal with. Basically, audit service deals with all the financial statements of the company. All […]
In today’s technological era, every individual and business entities are inclined towards technology. Every single task, be it a reminder or even a meeting turns out to be incomplete without technology. One such domain that has been completely inclined towards technology is an accounting. The process of accounting starts even before a business incorporates and […]
