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Business Services In Dubai

 

It has become a complicated task to run and manage a business because of the stiff competition in the market. It’s a difficult task for business owners to deliver the best services and manage their employees and lead them forward. Since everyone is working towards to reach the top, only better than the best can survive in the business world.  

Business services are intangible services that are offered to any organisations. It includes different services like CFO Services, Cost Benefit analysis services, Finalization of financial services, IFRS Impact & Its Implementation service, Cash flow management service, and many other services like software services, marketing, real estate advisory services, etc.

What is CFO Services?

While focussing on all the complicated issues, it will be a great matter of worry to manage the financial and accounting matters. Hiring a full-time accountant may not be advisable as it costs too much. Here is the significance of CFO services where you get services accomplished with proper accounting tools and financial experience. These services can effectively manage your financial aspects and these are cost effective as you have to pay only for the particular services you need.  

An accountant will give mathematical figures, but only a CFO or a professional accountant can give analytical report which makes the business owner to take decision and to know where his business stands, i.e. is it profit or loss or whether to diversify his business or not. 

Financial service is one of the key services needed for an organisation. Whether an established entrepreneur or a beginner, you may be facing certain issues like raising capital, reporting, management, strategy, accountability and so on. If you face these issues and do not address them properly, you cannot grow your company, and your business will be a failure. 

CFO Services by CDA, UAE 

When you make an indenture with an outsourced CFO service, you'll get all the expert you need. You can save the time for searching and training to make a perfect CFO for your company. 

CDA offers the following CFO services for any enterprises: -

a. Skilled Advice

If you are looking for a piece of advice on the merging or acquisition or on the edifice of your business, you will get an unprejudiced and proficient advice from the CDA CFO services as they are not a part of your business.

b. Evaluation of employees and counseling

CDA CFO services analyze the efficiency of your employees and give adequate advice for their improvement if they are unskilled and create problems like low productivity and so on. CDA CFO services can counsel such employees and supervise in a better way.

 c. Financial Management and Accounting Service

CDA CFO services can provide very skilled and highly qualified accountants for your company. They help you to manage your banking relationships, cash flow management, debt management, risk and tax management, internal controls, executive management reporting, performance and profitability stratagems, etc.  

CDA experts provide you an Analytical Report that is helpful for decision making. This report includes Comparative Profit & Loss Account, Balance Sheet, and other audit-related schedules. They would give you a more holistic approach as they can handle not only the financial departments but other departments like IT, HR, etc.

d. Create new leads

CDA CFO services create new connections for your company with individuals of different tasks like bankers, professionals, investors, etc. who can bring credit to your company. 

e. Helps to bring maximum productivity

CDA CFO services can fix any problems prevailing in your company and bring maximum productivity by reviewing the contemporary procedures of your company and enable efficacy.

CDA introduces the importance of Organisational Hierarchy and Segregation of Duties to bring maximum productivity for your company

f. Generate reports

CDA CFO services will produce reports of your company’s current status- the glitches and movement of your company so that you can take precautionary measures to tackle the issues.

g. Generate budget and financial projections

CDA CFO services produce general budget and make financial projections for your company so that you can make strategic decisions about the future of your company. CDA provides the analyses of the budgeted report with actual, preparation of various reports, etc, to lead your company to gallop. 

Cost Benefit analysis or Benefit Cost Analysis Services by CDA, UAE

Cost-benefit analysis is a method used by organizations to fix a value for intangible assets or to study about decision making or systems. A cost benefit analysis can produce actual results which may be used to progress rational assumptions around the viability of a conclusion or condition.

It is a priceless tool as it helps to develop business strategies, to make supply allocations, or to make buying decisions as it provides a clear view of the aftermath of a decision.  It helps to decide whether an investment or decision is comprehensive and how much its benefits outweigh its costs.

A general cost-benefit analysis takes the following steps: -

a. It describes the goals and objectives of the action.

b. Charts other actions

c. Notes down stakeholders 

d. Chooses measurements and analyse all cost and benefit elements.

e. Forecasts upshot of costs and benefits over the pertinent time period.

f. Changes all costs and benefits into a mutual exchange.

g. Applies discount rate.

h. Computes the net present value of actions under contemplation.

i. Accomplishes sensitivity study.

j. Espouses the endorsed course of action

k. Provides department wise Profitability Report

 Finalization of Financial Services by CDA, Dubai

You will be in trouble if you don’t analyse the financial data of your business on a regular basis. It is vital for you to comprehend the output you receive from your accountant or other financial professionals. Your financial statements will help you regulate your business’ financial position at a specific point in time and over a specified period.

The Information collected from your accounting journal and your general ledger is used in the preparation of the financial statement of your business. The profit and loss statement, the account of retained earnings, the balance sheet, the account of cash flows, and the information from the previous statement are assessed well and come into a final conclusion.  

The finalisation process includes: -

  1. Ledger Closing, 

  2. Preparation of Audit Schedule, 

  3. Gratuity calculation as per the Labour laws, 

  4. Proper management of Fixed assets

  5.  Proper Allocation of Cost

  6. Capitalization of Cost

  7. Expenses book under Accrual Concept, etc.    

IFRS Impact & Its Implementation Services by CDA, Dubai

IFRS standards are International Financial Reporting Standards that comprises of a set of accounting rubrics that decide how transactions and other accounting procedures are required to be entered in financial statements.          

IFRS Standards are very important to managers around the world because it is a source of universally equivalent statistics. It contributes to economic efficiency and helps stockholders to recognize chances and risks across the world to improve capital apportionment. IFRS delivers general guidelines for the groundwork of monetary statements.

So as to comply with the necessity of new challenges in the economy or for better performance of the financial statements, the International Accounting Standards Board (IASB) issues new IFRS or reissue the existing standards with suitable modifications.

What are the information required to conduct IFRS Impact Assessment?

IFRS impact assessment is an assessment conducted when new or revised accounting standard is implemented in any business from a specific date. It needs the following information to conduct the IFRS Impact Assessment: - 

Accounting manuals, Audited financials, Details of Financial Assets & Liabilities, Details of agreements or contracts, Details of relevant Invoices, Details of contract revenue, Other relevant information and supporting documents, etc. 

Followings are some of the relevant IFRS issued recently, where CDA does the impact assessment for the year 2018.

  • IFRS 15 Revenue from Contracts with Customers – effect on contracting company. 
  • IFRS 16 Leases Impact assessment – Effect on lease of intellectual properties & Assets.
  • IFRS 9 Financial Instruments Impact Assessment.   

Cash flow Management Services by CDA  

Cash flow management service is the supervision and examination of the cash flows of a company. It is the process of tracking the inflow and outflow of the cash.  In simple terms, cash flow management means suspending expenditures of the money as long as possible and at the same time inspire those who are to pay you money to pay it as soon as possible.

A proper cash flow management ensures that the company can issue salaries on time and have enough reserves for growth and enlargement of the business. It also ensures to pay vendor bills and taxes at the right time.

The following measures can be used for better cash flow management: -

  1. Monitor the Cash Flow Regularly,

  2. Refine the Receivables, 

  3. Handle the Payables, 

  4. Persist the Shortfalls, 

  5. Speed up the Payments by offering deals, 

  6. Delay payments to your clients, 

  7. Effect of Tax Planning for better cash flow management without tax evasion, etc.

 

CDA is a family of well qualified experts in the field of business services and provides proper and timely advice for your business to grow. CDA analyses your problems and strives hard to help you progress your business and make you gallop. We are one of the leading service providers in Dubai, UAE and offer various services in the field of Accounting & Bookkeeping, VAT consultancy, and other business-related areas. 

If you have any queries related to business services or any other services, feel free to contact us. Our experts will give you one-hour free consultation.

Accounting services in Dubai

CDA is one of the leading accounting services in Dubai offering custom accounting solutions for your business. If you are looking for someone to manage your accounts but don't want to set up a full-fledged accounting department in your company, then accounting outsourcing in Dubai is the best option. CDA has been providing reliable accounting services to various businesses across Dubai.


We are equipped with expert accounting professionals who deliver the best solutions after analyzing your business operations and the type of solutions you need. This makes us your go-to accounting company in Dubai. At CDA, we commit ourselves to manage your finances in the most efficient manner possible. Being an accounting firm in Dubai we are well-versed in commercial company laws as well as federal laws in Dubai which makes us the perfect fit for the effortless management of your accounts.

When you entrust your accounts to us we manage your finances excellently while you enjoy the perks of outsourcing accounting services such as expert advice and guidance on accounting, easier problem solving and improved decision making.



Bookkeeping services in Dubai

CDA Accounting and BookKeeping Services LLC is your one-stop source for all your bookkeeping services in Dubai. Managing your books in a befitting manner calls for a professional bookkeeping service provider and the team of expert professionals at CDA with years of experience will provide the best bookkeeping services required for your business. For any business entity operating in Dubai proper maintenance of books of accounts is necessary to ensure the smooth functioning of the business.

Many small businesses cannot afford to have a fully functional accounts department or hire full-time employees for bookkeeping. This is where CDA proves itself capable of handling all your bookkeeping requirements. When you outsource bookkeeping activities, you save money as well as your precious time. At CDA, we provide professional and personalized bookkeeping services that are suited to the requirements of your business.

The years of experience and professional services rendered by our expert team makes us one of the best in Dubai bookkeeping services. If you find it difficult to manage the legal and technical aspects of bookkeeping then it's high time you outsource your bookkeeping services to the experienced members at CDA.



Audit firms in Dubai

When it comes to audit firms in Dubai, CDA is the best offering suitable solutions to your business after an in-depth analysis of the organization and finding the problem areas. Our seasoned professionals will check all areas of your business to find potential risks to your business operations and devise effective strategies to overcome the risks. Not managing the risks properly can lead your business to troubles and therefore it is absolutely necessary to hire the best audit firm to save your business the troubles.

CDA has been providing the best internal audit services in Dubai as we have the experience and expertise to manage internal audits seamlessly. We offer custom audit solutions depending upon the requirements and nature of your business. We conduct an internal audit of your organization with a risk-based approach. We not only analyze and audit your business operations but also suggest steps to improve risk management policies.

When you approach CDA for auditing in Dubai, we take care of all the legal and compliance matters so that you can focus on running your business efficiently rather than worrying about risks and risk management.