Services

Accounting and Reporting

Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations.  Accounting, which has been called the “language of business” measures the results of an organization’s economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms “accounting” and “financial reporting” are often used as […]

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Accounting Standards

Financial statements prepared and presented by a company typically follow an external standard that specifically guides their preparation. These standards vary across the globe and are typically overseen by some combination of the private accounting profession in that specific nation and the various government regulators. Variations across countries may be considerable making cross country evaluation […]

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Accounting Systems

An accounting system is the system used to manage the income, expenses, and other financial activities of a business An accounting system allows a business to keep track of all types of financial transactions, including purchases (expenses), sales (invoices and income), liabilities (funding, accounts payable), etc. and is capable of generating comprehensive statistical reports that […]

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Payroll (WPS) and Human Resources

PAYROLL (WPS) Payroll is the sum total of all compensation a business must pay to its employees for a set period of time or on a given date. It is usually managed by the accounting department of a business; small-business payrolls may be handled directly by the owner or an associate. Payroll can also refer […]

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External and internal Audit

EXTERNAL AUDIT An external audit can be conducted either as part of the annual review of accounts or as a special review by a donor agency. It is conducted by a registered firm of accountants with recognized professional qualifications, such as CPA, ACA or ACCA. Auditors are appointed by the Board of Trustees (or Annual [...]
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Internal Audit and Risk Management

Risk management is not the responsibility of a single department — it is the responsibility of everyone, from the chief executive down. Past corporate failings have been attributed to lack of accountability, strategy and transparency. Tougher expectations by regulators and other stakeholders now mean that corporate and financial institutions should demonstrate better discipline, control and [...]
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Conversion to IFRS Standards

Thousands of European listed companies are now being affected by the European Commission decree that imposed new International Financial Reporting Standards (IFRS) throughout the EU. The measures are markedly different from the old standards and are having a far-reaching impact. They are bringing about fundamental changes in the way companies do business. Not only listed [...]
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Accounting Treatment of Complex Transactions

Financial statements are a vital source of information. Thus, accounting standards have been improved over the years to enhance the transparency and quality of business reporting. Today, the representation of financial statement has become complex making it hard for investors to get a clear picture of the performance of the business. There are some complex transactions that [...]
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Budgeting, Forecasting & Planning

Budgeting, planning and forecasting (BP&F) is a three-step process for determining and detailing an organization's long- and short-term financial goals. The process is usually managed by an organization's finance department under the Chief Financial Officer's (CFO's) guidance. Planning - outlines the company's financial direction and expectations for the next three to five years. Budgeting - [...]
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Inventory Valuation

Inventory valuation is the cost associated with an entity's inventory at the end of a reporting period. It forms a key part of the cost of goods sold calculation, and can also be used as collateral for loans. This valuation appears as a current asset on the entity's balance sheet. The inventory valuation is based [...]
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AUDITING

Auditing theme empowers your business to move forward purposefully with conviction, certainty and direction.

CONTACT

Al Hashimi
P.O. Box: 47271, Doha – Qatar, Al Sadd, Al Dafaf St., B-44, F-404
+974 44 354 532

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