The VAT is one of the recently initiated steps taken by the GCC countries. The idea of launching this step was to bring out a new source of revenue. Being a part of GCC, the United Arab Emirates (UAE) needs to implement the same. Now, at this point, it becomes essential for business investors, owners, […]
Cash Flow is one of the most crucial parts of a business, which can lead to disastrous results if not taken care of. It indicates how much cash is going out and how much revenue is generated by the company. The details of cash flow can be caused by preparing a cash flow account, which […]
A business entity is established with an aim to generate profit by making a legal business transaction. From the point of establishment, an organization carries out multiple exchanges with internal and external shareholders. Now, scrutinizing these business activities with the help of the company audit process turns out to be extremely essential. An internal audit service is […]
The business environment of a country is very dynamic and can never be predicted accurately. It would greatly help for the business if you regularly change the business model of the business or it is possible that the business will not be able to keep up with the technological, social or political changes of the […]
The primary goal of any business is to earn a profit, and this goal cannot be reached without the proper use of finances. A firm, whether big or small, can achieve great heights with the proper corporate financial services and appropriate management of its funds. A cash strapped business can choose in between long term or short […]
Whenever a business entity is set up, it acquires a certain amount of value. This value is affected by the rise and fall in the life of the business entity. The value can get larger than what it was when the business was started or the value could go down. Knowledge of the value of […]
By the start of 2018, the GCC countries have taken a step forward to open another revenue gate for the nations which ultimately introduced value added tax for the business entities at a rate of 5%. This implementation has been done in order reduce the disruption caused in the business sector as well as to deal the […]
Whenever we hear about accounting, the first thing that pops up in the mind is a balance sheet that depicts business stability and tells you whether a business is making a profit or is incurring a loss. Now, establishing a business turns out to be a complicated task. It becomes successful only if the core pillars […]
The business of accountancy has been growing at a fast pace. We know that by the end of the first quarter in 2019, Brexit will take place that put a great impact on all industries, including accounting. While all industries are in an era of change and uncertainty, here are some challenges pointed out by […]
The term bookkeeping refers to the recording of everyday business transactions that involve sales, purchases, receipts, and payments. Once a business entity gets incorporated, it enters into multiple transactions with multiple stakeholders. Be it a small enterprise or a multi-national company, maintaining such records serves to be extremely important. To carry out the process effectively […]
