by Noorjahan S. Yargatti | May 16, 2020 | English Topics, Uncategorized
VAT will be charged on the sales but the gifts with smaller value under 500 AED are VAT exempt. The limit here is 500 AED, and the following conditions apply to this exception. The goods supplied to recipients does not exceed AED 500. The AED 500 threshold is...
by Rafaqat Ali Khan | May 13, 2020 | English Topics, Uncategorized
Adjusting events are the events providing evidence of conditions existing at the end of reporting period. While Non-Adjusting events provide evidence of conditions existing after the end of reporting period. Moreover, management should not prepare the financial...
by Noorjahan S. Yargatti | May 10, 2020 | English Topics, Uncategorized
. It describes the company’s financial health and mark how a company is performing over time, while comparing a company to another within the same industry or sector. Financial ratios are often divided up into seven main categories. Liquidity ratio Solvency ratio...
by Noorjahan S. Yargatti | May 10, 2020 | English Topics, Uncategorized
because of that there is possibilities misuse of information or manipulation of numbers to boost perceptions of businesses or to implement earnings. To protect this accounting ethics is important. Ethical codes are the basic standards that an accounting professional...
by Noorjahan S. Yargatti | May 9, 2020 | English Topics, Uncategorized
IAS 34 doesn’t clarify that which business entity should prepare an Interim Financial Report. IAS 34 applies when an entity that uses IFRS standards issues an interim financial report in its annual financial statements stating compliance with IFRS requirements. IAS 34...
by Noorjahan S. Yargatti | May 9, 2020 | English Topics, Uncategorized
VAT Group Registration means where two or more persons conducting a business will applied for Tax Registration as a tax group. For the formation of a tax group only the representative member of a prospective tax group can apply. To do so, the representative member...
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