In the business world, accounting plays the role of a lifeline that stabilizes a business financially by keeping a track of all the expenses made and profits earned. Today’s professional crowd has got a mind that craves for start-ups irrespective of industry and business domain. The advancement of technology has helped every business owner to […]
Every entrepreneur must understand the need for an audit in the company. Performing an audit has many benefits for the company, but many myths and rumours are going around relating to the auditing of a company. These are some of the myths that deter us from conducting an audit which ultimately hampers the company. In […]
A lot of hard work and planning goes into setting up of a company. It is necessary for the management to put in the time and effort in the incorporation process so that the company can have the correct start. But even after this many companies have to face the end which can be caused […]
The concept of bookkeeping has evolved to maintain or keep track of the company expenses. Under the bookkeeping process, every transaction recorded so that it can help the accountants to analyse, decide, summarize the transactions, which will, in return, help the management to take feasible business decisions. However, it is to be noted that the […]
There has been a considerable increase in the number of companies in the UAE, and the number of incorporations is still increasing. This increase is because of the tax-free business environment and the state of the art infrastructure that the UAE provides to the companies. The various tax benefits and the advantages from the side […]
Transformed from the land of deserts to a Land of Gold, Dubai stands a hotbed for tourists across the world. The tourism sector stands as one of the most significant contributors to uplift the Emirate’s economy. According to a survey conducted by Euro Monitor, Dubai holds the first position, as the most visited city by international […]
An audit can be a costly and time-intensive affair, which is why many businessmen and entrepreneurs have the wrong perception about it. Many people feel that by conducting an External audit they are wasting the time and resources of the company but this could not be farther from the truth. When the review of a […]
Conducting an audit has slowly become an essential part of the life of a company or business. Organizations all over the world conduct an audit of their business undertaking irrespective of their size or the type of industry. One of the primary purposes of conducting an audit is to detect and prevent any wrong and […]
A corporate audit fiasco has the potential to break a business, and this makes error and fraud detection a priority to the companies. Fraud will not only affect the company financially but will also affect the reputation and the goodwill of the company. Mostly, every company employs an accountant on their payroll, but it is […]
Every decision of management has a significant impact on the future of the company. Still, the most critical decision, which can change the business’s whole course, is taken after carefully considering and analysing the company’s financial aspects and other reports. This is where accounting comes in. Let us know more about the Accounting function and […]
