Financial Statements

Financial Services UAE VAT Exemption

In Art. 42 of the Regulations, financial services for the purpose of the exemption are defined as follows: a. The exchange of currency, whether effected by the exchange of banknotes or coins, by crediting

Benefits of Financial Accounting

Following are some of the advantages related to financial accounting 1. Systematic maintenance of Business Records Companies need to keep a record of all transactions incurred for business purposes. Proper books

Objectives of financial reporting

There are several objectives of making the financial report of a firm. Few can be listed as follows: It provides information on the credit and investment decisions made by the

What is Financial Reporting?

Financial reporting is the comprehensive account of all the business transactions, including expenses and income details. It shows the financial position of a firm over a specific period. It can