Nobody is in control of everything, but we still need to try. This is true, especially in the case of businesses. In the business environment, there are two different factors that play a very important role. These are: Intrinsic Factors Extrinsic Factors These factors are explained below: Intrinsic factors are the factors that can be controlled […]
Finance is looked upon as the lifeblood of any company, and to have control over the finances of a company will be a boon for any management. In the current business, environment businesses are looking to cut short their expenses and are using various methods to do so. These methods include downsizing of the workers, […]
It is the duty of the management of a company to keep track of the financial health of the company. starting a business may look like a monumental task but keeping the business alive and well is a much harder task. The management should keep a close watch on the business activities so that it […]
The Auditing process is very diverse and requires great caution on the part of the business management. The management has to understand the present requirements of the company and accordingly conduct an audit of the company. There are two different types of Audit to be performed by an auditor. These are: Internal Audit External Audit […]
Do you know that the companies in the UAE can be wound up by voluntary Liquidation? This shall get going as initiated by shareholders or a company’s creditors by passing a valid shareholder’s resolution. When a company’s financial process fails and is in financial distress, i.e., the company becomes insolvent whereby it cannot pay off […]
Every business is set up with the intention to make a profit for its management and shareholders and investors, but during the course of business, the company faces certain problems that create an impediment. This obstruction needs to be resolved so that the business goes back to the profit-making mode and both the management as […]
Setting up a company in Dubai is like a dream for many people in business and entrepreneurs all around the world. The company can take advantage of various benefits available to all the businesses coming into the country. this is both helpful for the economy of the country as well as the growth of the […]
A grocery shop keeper started the business with several branches with minimum possible capital. When the business started to prosper, the activities flourished as the Sales doubled, Working capital increased, Statutory regulations strengthened, business locations multiplied, business relations widened. Isn’t his entire business process becoming too complex? We can relate the same to that of […]
Cost audit is the authentication of cost accounts to discover the accuracy of cost accounting records. It is a method to ensure that cost accounting records track the costing principles, procedures, plans, and objectives. We can also say that cost audit is the comprehensive checking as well as the verification of the accuracy of costing […]
In today’s world, it is essential to understand the financial standing of the business, and this can be found out by performing an audit of the company. In a company audit, the concerned officers inspect all the books of accounts, and through their inspection, the various loopholes within the company or any procedure which may […]
