The FTA’s introduction of corporate tax in the UAE mandates certain entities to prepare their financial statements based on IFRS or IFRS SMEs for reporting, which has elevated significant difficulties for entities that do not previously adopt IFRS standards. According…
From data analysis to decision making, AI is revolutionizing the accounting and finance industry. As we investigate the dynamics of accounting and finance, the practical implementation of AI technology presents impressive growth in enterprises by increasing efficiency and accuracy. Embracing…
Key Updates to DMCC Regulations and Licensing Rules You Need to Know The Dubai Multi Commodities Centre (DMCC) has recently updated its regulatory framework, with new rules coming into effect on October 10, 2024. These changes are designed to simplify…
The International Financial Reporting Standards (IFRS) for Small and Medium-sized Entities (SMEs) were developed by the International Accounting Standards Board (IASB) as a simplified framework for smaller businesses. These standards cater specifically to entities that do not have public accountability,…
Accounting Challenges Faced by IT and Software Sectors There was a time when the bulk of the work of accountants consisted of bookkeeping, data entry, and number crunching. Today, the modern accountant is faced with client demands that require one…
Many business and IT leaders around the world are replacing on-premises accounting with cloud-based accounting that is flexible, scalable, and cost-effective. There are numerous compelling reasons to avoid the cloud migration journey, ranging from cost savings to increased innovation. However,…
In recent years, Dubai has emerged as one of the most desirable places to establish a new business. Because of the UAE government’s strict rules and regulations, the interests of people doing business in Dubai will be protected securely and…
Accurate accounting is the foundation of all successful businesses. It clarifies financial performance, ensures regulatory compliance, and leads decision-making. However, the efficiency of accounting is heavily dependent on how a company chooses to record and report its financial transactions. Understanding…
Accounting software allows you to automate the majority of your business’s routine tasks while maintaining a high level of precision and time savings. Having best-fit software deployed justifies the costs and provides incredible long-term ROI for your business. KGRN Accounting…
Poor financial management is the leading cause of business failure. Many businesses are beginning to recognise the value of accounting in their operations. More and more small and medium-sized businesses (SMBs) are looking for an accountant who will work with…