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Difference Between IAS and IFRS

Difference Between IAS and IFRS

The terms IAS and IFRS are often used together, but they are not the same thing. IAS stands for International Accounting Standards. IFRS stands for

What is the process of account reconciliation

What is the process of account reconciliation?

Account reconciliation is the backbone of trustworthy financial reporting. It is the deliberate process of comparing records from different sources, identifying differences, and resolving those

VAT Late Payment Penalty in the UAE

VAT Late Payment Penalty in the UAE

Late VAT payments are expensive but avoidable. The Federal Tax Authority sets strict deadlines, and if you miss them, the penalties increase quickly and make

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