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Audit & Assurance ServicesAug 5, 2019Annual Auditing Required for JAFZA CompaniesA financial audit is conducted to provide an opinion whether “financial statements” (the information being verified) are stated in accordance…Read article VAT/ TAXAug 5, 2019VAT will be introduced in Oman, says finance ministryOman’s Ministry of Finance has said there are no plans to postpone the implementation of value added tax…Read article VAT/ TAXAug 4, 2019FTA banned sale and possession of cigarettes without Digital Tax Stamps in UAEAbu Dhabi: The sale and possession of all types of cigarettes not bearing the Digital Tax Stamps is…Read article Finance TermsAug 1, 2019Capital StructureCapital Structure refers to the amount of debt and/or equity employed by a firm to fund its operations and finance its assets. …Read article VAT/ TAXAug 1, 2019FTA’s Clarification on VAT Treatment of Options and Option Premiums VATP014The Public Clarification clarifies the issue of uncertainty in the VAT treatment of options supplied in return for…Read article VAT/ TAXAug 1, 2019FTA’s public clarification on Disbursements & Reimbursements VAT P013This Public Clarification discusses the VAT principles for differentiating between a Disbursement and Reimbursement and their VAT treatments…Read article Finance TermsJul 31, 2019Trading and Profit and Loss AccountIn order to arrive at the balance sheet of a business, one needs to prepare the trading account…Read article Finance TermsJul 31, 2019Cash Flow StatementA cash flow statement is a financial statement that provides aggregate data regarding all cash inflows a company receives from its ongoing…Read article Accounting ServicesJul 31, 2019Accounting has to be re- framed by the small business in UAESmall businesses are considered the economic backbone for most economies. They are drivers of growth as they help…Read article Accounting ServicesJul 30, 2019Balance sheetBalance Sheet of a Business Means The balance sheet is one of the three fundamental financial statements and is key…Read article Finance TermsJul 30, 2019Financial StatementsFinancial Statements Financial Statements are reports that provide the detail of the entity’s financial information including assets, liabilities, equities, incomes…Read article Audit & Assurance ServicesJul 30, 2019RTA released global standard audit reportFirst Dubai entity to conform to benchmark set by global accounting standards The Roads and Transport Authority (RTA)…Read article
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