Cash Accounting vs Accrual Accounting Accrual accounting is the preferred method of recording transactions because it provides a more accurate representation of what actually happened during the period being reported. Cash accounting, on the other hand, records only those transactions that were completed during the reporting period. Your accounting system will affect several things. For […]

ADNOC ICV – IN-COUNTRY VALUE ADNOC In-Country Value program is an acquirement drove activity which is intended to accomplish ideal incentive from ADNOC country’s oil and gas assets.  The activity will convey in nation esteem by concentrating on three center regions:  GDP enhancement through expanded use on neighborhood products and enterprises  Emiratisation and self-awareness open […]

Accounting and Bookkeeping In-house vs Outsourced Bookkeeping and accounting are two functions which are extremely important for every business organization. In the simplest of terms, bookkeeping is responsible for the recording of financial transactions whereas accounting is responsible for interpreting, classifying, analyzing, reporting, and summarizing the financial data. Bookkeeping and accounting may appear to be […]