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How Accounting Enables the Growth of your Business?

Is accounting just about numbers or does it hold a greater significance? Accurate and up-to-date accounting influences the health of your business to a large extent and it lets you make better revenue forecasts for your company. Hence, accounting is much more than mere number crunching; it’s more of a strategy game. Accounting empowers better [...]
Choosing Right KPI

The Relevance of Choosing the Right KPIs

“If you can’t measure it, you can’t manage it” Measuring the performance of an organization at regular intervals helps in tracking goals and attaining the desired results. KPI, a tool that measures and analyses the overall performance of a department or company, plays a major role in determining the success of a firm. KPIs aid [...]

100 Percent Ownership for Foreign investors in UAE

Incorporating your company on UAE mainland is comparatively easy and profitable. But, one drawback that shouldn’t go unnoticed is the lack of complete ownership. A foreign investor can own maximum of 49% shares and at least 51 percent of the shares should be owned by the local sponsor. Yes, it might sound quite depressing, especially [...]
IFRS-Blog

Kingdom of Saudi Arabia, one of the Recent Additions in IFRS Family

Consistent and comparable financial information is the crux of accounting for businesses. Accounting standards have always posed challenges to cross-border investments and to companies that wish to expand their services overseas. “ One global financial reporting network”, that promotes harmonization of accounting standards can help investors in formulating better investment decisions on time. This is [...]
Due Diligence Services Blog Image

Due Diligence, a Vital Element in M & A

HP’s $11.1 billion acquisition of Autonomy was one of the biggest tech acquisitions in history. What actually stole the headlines is not the news of acquisition or the money involved, but HP’s decision a year later to write down $9 billion of its $11.1 billion acquisition. One might wonder the reason behind such a crucial [...]
Outsource Internal Audit in UAE

Why you should Outsource Internal Auditing

A successful enterprise is the one that is on a constant lookout for improvements in its operations, thus adding value to the firm. While majority of the companies strive for excellence, there are numerous others that remain stagnant for year or decades. What they lack is a systematic, disciplined approach, that can be made possible [...]
Vat-Refund-System

VAT Refund Scheme for UAE Tourists

Tourists visiting UAE do not have to bear the burden of VAT, commencing from November 2018. Even though they will have to pay VAT while making the purchase, they can reclaim the amount upon leaving the UAE. VAT refund scheme makes it possible for eligible tourists to receive a portion of the VAT as a [...]

How UAE is Planning to Steer its Development with these Pioneering Strategies

UAE, one among the fastest progressing countries in the world, is on a constant lookout for strategies and programs that will take the nation to the next era of development. These strategies focus on developments in almost every sector, be it healthcare, education, energy or economy. UAE Vision 2021 UAE Vision 2021, launched in 2010, aims [...]
Global Expo 2020

Expo: Success Beyond 2020

When global expos started in 1851, they were the only major international fairs in the world, and some of the world’s most famous and successful inventions were launched at these events. Look back as far as 1876, and the telephone was launched in Philadelphia. The x-ray machine was debuted in Buffalo in 1901, the broadcast [...]
Artificial intelligence and accounting

AI: The Future Of Accounting And Audit

Artificial intelligence has the potential to be a true game-changer for the professional services industry. It has two main purposes, which are to use the power of computers to augment human thinking, and to use a computer’s power to understand how humans think. Testing programmes for how they can solve problems is essence, cognitive science; [...]

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