Accounting and bookkeeping services in Dubai
Abdulla Al Mulla Auditing & Accounting is provide accounting and bookkeeping services in Dubai and Business consultant Dubai.
It is a specialized branch of accounting that keeps track of a company’s financial transactions. Using standardized guidelines, the transactions are recorded, summarized, and presented in a financial report or financial statement such as an income statement or a balance sheet.
It is defined as “a systematic set of procedures for recording and reporting measurements of the cost of manufacturing goods and performing services in the aggregate and in detail. It includes methods for recognizing, classifying, allocating, aggregating and reporting such costs and comparing them with standard costs.
In management accounting or managerial accounting, managers use the provisions of accounting information in order to better inform themselves before they decide matters within their organizations, which aids their management and performance of control functions.
The Standard VAT Accounting Scheme is a method of reporting VAT whereby VAT is recorded and paid on the basis of when invoices are issued. For small businesses and freelancers, managing VAT is an important part of running a business.
Fund accounting is an accounting system for recording resources whose use has been limited by the donor, grant authority, governing agency, or other individuals or organizationsor by law. It emphasizes accountability rather than profitability and is used by Nonprofit organizations and by governments.
Forensic accounting, forensic accountancy or financial forensics is the specialty practice area of accounting that describes engagements that result from actual or anticipated disputes or litigation.