Many at times you might wonder why to outsource business activities when you have a respective department for every business division. Well, for a minute you might get thought that it would turn out to be costly by outsourcing, or you might even take a step forward to train your current employee, and then carry […]
Investigations are used in almost every activity. Especially in business, the management has to take care that there is no fraudulent activity taking place. Nevertheless, there may be discrepancies and frauds happening in the company. To find these frauds, various methods are used such as investigations, audits, etc. For the common man, an investigation and […]
Internal audit turns out to be an internal inspection of the company’s proceedings to identify the loopholes in the working cycle of a business and fix it accordingly. An internal auditor takes charge of carrying out the process effectively and ends up drafting an internal audit report where the company proceedings and tasks to be […]
Real estate accounting builds a pathway for the real estate business to grow ahead. Selective measures and techniques are used to figure out the best possible ways to leverage the profit and expand the business. Most of the business owners are taking the help of professional accountants to carry out the accounting activities, which turns […]
Every business gets established with the motive of earning a profit. In the process of doing so, the firm undergoes numerous transactions every day, which need to be monitored. Be it a start-up, or an established business, one of the essential processes that needs to be conducted is an audit. In business language, the term […]
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 […]
