Continuous changes to accounting standards, practices and regulations present a complex problem that can impact business decision-making. Additionally, changes in business operations or industry developments can introduce new accounting policies within your organization. You need to be able to anticipate the effect of key business decisions on accounting and financial reporting.
Standard Keys' accounting experts partner with you to resolve critical issues arising from changes in accounting standards, regulatory requirements, new business activities, and business acquisitions. Our accounting professionals possess deep, sector-specific experience in guiding and supporting clients through IFRS implementations, adoptions to new regulations, and improvement of accounting practices through technology and process enhancement.
As per the regulations of the Commercial Company Law in the UAE, it is mandatory to maintain proper books of account.
Small and medium enterprises (SMEs) understand the necessity to maintain proper books of accounts.
Some start-ups in the SMEs might not maintain proper books of accounts in the same year the business transactions happened, which create accounting backlogs. In this case, we support our clients in preparation of the books of account and generation of proper financial statements from the date of incorporation of the company till date.
Our representative will visit the company’s office or bring the documents to our office and update transactions using suitable accounting software. We finalize the books of account on periodic basis, normally on annual basis.
How Standard Keys can help ?
Standard Keys Financial Accounting Advisory services helps you to: