Being one of the closely related countries, the trade relationship between India and UAE has significantly developed over the last 20 years. The business ties have grown stronger by exchange of culture, commodities and ideas. It started with the barter of pearls for cotton and dry fruits for grains many years ago. Today India– UAE…
Creative City free zone started their operation in the year 2007 with an object to attract investors for setting up their companies for media and other related activities. The key advantage of setting up the company in creative free zone is cost factor not only the incorporation cost but also the cost of living in…
In developed countries, the Small & Medium Enterprises (SMEs) are the key factors which bring economic growth, employment opportunities and prosperity to the society. Flourishing SME sectors are the healthy sign that the economy and the society is growing and sustaining. Recently UAE has entered into new phase of development and the increase in the…
Initially CFO’s role was to review the accounts and cash flow on daily basis, to get involve in finalization of accounts, manage the cash flow, do the financial planning and budgeting and report the performance of the company on monthly basis. Over the period of last few years the role of CFO has changed. Of…
The aim of any organization – be it private or public – is to be successful. And for that, an effective management accounting is indispensable. Effective management accounting calls for a combination of competent people, clear principles, well managed performance and healthy practices. This is an age of relentless competition as new innovations emerge every…
After recovering from a major global economic slowdown, the companies have adopted new strategies to achieve sustainable business growth. The main strategy adopted by the management includes the value creation through improved operational performance – including efficiency, speed, agility, dimensions of quality, cost reduction, customer value, wastage, etc. And hence, operational audit is undertaken at…
A pilot would never fly a plane from Los Angeles to San Francisco without a flight plan that explains how to get there. Yet all too often, small business people open their doors without clear plans to help them get where they want to go. One of the easiest ways to get there — wherever…
GCC countries are going through challenging times economically because of heavy reduction in oil prices, strengthening of dollar etc. Hence under such challenging times it is very important for any business to understand its cost structure thoroughly and also look for areas where cost can be reduced. There are financial auditors in Dubai, UAE who…
Businesses can get a decent idea of how they are doing in operations by examining company data on their own. To truly gain a good picture of whether the company is operating well and get fresh ideas of how to improve their businesses, organizations may turn to internal audit done by external firm or auditing…
