business Archives - Finance Monkey

Components of the Accounting Equation - Finance Monkey UK

Assets, Liabilities, and Equity: Unraveling the Components of the Accounting Equation

Accounting Equation, Blogs, Bookkeeping, business / admin

Accounting Equation: Assets, Liabilities, and Equity To run a financially stable business, it is important to know the basic accounting equation principles and how to apply them. The accounting equation formula is a fundamental component of managing your company’s balance sheet. It forms the basis of double-entry bookkeeping and is used to ensure the accuracy […]

Assets, Liabilities, and Equity: Unraveling the Components of the Accounting Equation Read More »

Double-Entry Accounting Equation: Demystifying the Foundation of Bookkeeping

Accounting Equation, Blogs, Bookkeeping, business, General / admin

What Is Double Entry Accounting Equation? The double entry accounting equation is a method of bookkeeping whereby each financial transaction has an equal and opposite effect on at least two different accounts. It makes it possible to satisfy the accounting equation: Assets = Liabilities + Equity Assets = Liabilities + Equity With a double-entry bookkeeping

Double-Entry Accounting Equation: Demystifying the Foundation of Bookkeeping Read More »

UAE Corporate Tax Updates: Establishing Global Credibility for Your Business in 2023

3 Comments / Blogs, business, Corporate Tax UAE, General / admin

In the months leading up to the introduction of corporate tax, the United Arab Emirates Ministry of Finance launched the Corporate Tax Awareness Program. The program includes online and practical sessions to educate the business community on corporate tax law. “This is aimed at disseminating as much information as possible and maximizing the audience that

UAE Corporate Tax Updates: Establishing Global Credibility for Your Business in 2023 Read More »

5 Pillars of Make-Or-Buy Strategy in Consulting

2 Comments / business, General, strategy / admin

MAKE OR BUY STRATEGY Make or buy is an extremely important issue in any industry. In manufacturing, for example, the production or purchasing strategy involves manufacturing the product yourself or buying it from a third-party supplier. Likewise, in any professional services industry, such as consulting, there are options for your in-house team to do the

5 Pillars of Make-Or-Buy Strategy in Consulting Read More »

What Can Accounting Firms Do To Help A Struggling Company Revive Its Finances?

768 Comments / Accounting Firm, business, General / admin

Accounting Firms is a term that describes the process of summarizing, analyzing, and recording financial transactions in a business. Accountants evaluate the economic performance of an organization. A summary of financial transactions for a company’s accounting period is the financial statement used in accounting. It is important to track a company’s income and expenses to

What Can Accounting Firms Do To Help A Struggling Company Revive Its Finances? Read More »

What Is the Process of Managing a Consulting Project?

4 Comments / Accounting Firm, business, General, Management Consulting / admin

HOW TO MANAGE CONSULTING PROJECTS Consultants often want to complete projects on time according to agreed deadlines. The good consultant wants it to be almost ready in half the agreed time. On top of that, it offers exceptional quality far superior to others. Does that seem contradictory to you? Let’s see how this can be

What Is the Process of Managing a Consulting Project? Read More »

The Big Four Accounting Firms In The Field Of Management Consulting

734 Comments / Accounting Firm, business, General / admin

The Big Four are the world’s largest professional services networks, the global accounting network Deloitte, Ernst & Young (EY), KPMG and PricewaterhouseCoopers (PwC). These four companies are often grouped together because they are comparable in size to the rest of the market, both in terms of revenue and some employees; they are considered equal in

The Big Four Accounting Firms In The Field Of Management Consulting Read More »

In the Excise Tax Law, what major changes have been made?

3 Comments / Accounting Firm, business, General / admin

INTRODUCTION Excise taxes are an integral part of government consumption taxes in the United States and globally. Excise taxes on specific goods or services are usually levied on tobacco, alcohol, and fuel. Contrary to their reputation, excise taxes make up a relatively small portion of the total taxes paid in the United States. Until the

In the Excise Tax Law, what major changes have been made? Read More »

What Makes IFZA The Ideal Freezone to Set Up a Business in the UAE?

741 Comments / Accounting Firm, business, General / admin

WHAT IS THE IFZA FREE ZONE? IFZA stands for the International Free Zone Authority, which was formerly located in Fujairah and has moved to Dubai. It is the place you absolutely must know. IFZA is a freelance zone that offers a variety of business-friendly opportunities and services, making it a great choice for entrepreneurs and

What Makes IFZA The Ideal Freezone to Set Up a Business in the UAE? Read More »

business