are the financial reports that's required in UAE?
Q: Why would it be useful to examine a countries balance-of-payment data?
A: The balance of payment for a country is the net amount of money that flows into and out of the…
Q: SECTION A Differentiate between Islamic and conventional money market.? Discuss about import and…
A: Only profit sharing is permitted in Islamic finance when it comes to savings accounts, although…
Q: If a country is asking loans for economic development which of the following agencies will you go to…
A: if the country wants loan for economic development it will go for agencies like: IMF world bank…
Q: ways to mitigate risks when analysing foreign financial statements.
A: The financial statements of a firm includes income statement, statement of financial position,…
Q: What is the difference between United Kingdom and China financial reporting and accounting…
A: Financial Reporting:- Financial Reporting consist of the below statements prepared at the end of the…
Q: Provide introduction to various types of non-commercial financial services providers working in Oman…
A: A non-commercial bank is that type of bank which provides only limited services to clients. The aim…
Q: What is the intention of the Financial Market Authority creating Memorandum of Understanding…
A: Memorandum of Understanding (MOU) A memorandum of understanding (MOU) is a document that defines the…
Q: hat is the financial reports in U
A: In UAE, the types of the five financial statements that would cover over the income statement,…
Q: Examples
A: “SAOC” stands for “Societe Anonyme Omanaise Close.” These companies are closely held companies. They…
Q: b) Read Articles of Association and Memorandum of Association of any one SAOG company in Oman and…
A: The question is based on the concept of Accounting theory.
Q: ment of the elements of the financial statements between NAS and IFRS that might arise when…
A: Nepal accounting standard is composed of strategy archives given by an expert accounting body or…
Q: General discussion about banking services in Oma
A: The sultanate of Oman is situated in the Middle East. Despite the global financial crises, Omani has…
Q: The accounting standards used in the Philippines are adapted from the standards issued by the…
A: SOLUTION EXPLANATION - THE PHILIPPINES HAS ADOPTED IFRS STANDARD AS PHILIPPINES FINANCIAL REPORTING…
Q: Discuss ways to mitigate risks when analysing foreign financial statements.
A: FS analysis is a subset of business analysis that involves evaluating a firm's business environment,…
Q: Using Saudi Arabia as an example. Do you believe that cultural similarities among people can out…
A: Yes, i strongly believe that cultural similarities among people can out weight cultural differences…
Q: ysia had embarked to full convergence with International Financial Reporting Standards (IFRS).…
A: Global accounting standards refer to the compiled set of guidelines and procedures implied…
Q: What factors that have influenced the exchange rates in UAE
A: Foreign Exchange rate: It is the rate at which one of country's currency is converted into…
Q: philippine payment and settlement system
A: Philippine Payment System: Philippine payment system is a RTGS payment system operated by the banks…
Q: Explain components of the financial system in the Sultanate of Oman.
A: Financial System: A financial system is made up of businesses like banks, insurance companies, and…
Q: What instruments are traded in the Philippines?
A: A financial instrument is a contract between two parties in which one party raises financial…
Q: Discuss the accounting standards applied in the Sultanate of Oman with reference to some examples of…
A: Accounting Standard The purpose of creating the Accounting standard by the International Accounting…
Q: Discuss how foreign exchange market provide insurance against foreign exchange
A: Foreign exchange risk or exchange rate risk, is an unavoidable risk of foreign investment, caused by…
Q: Explain the Balance of Payments account of a country with its four subheads. Why is it important to…
A: The government will prepare the financial statements to know whether the financial position of the…
Q: What is a Letter of Credit? Please discuss how a Letter of Credit work. Why is Letter of Credit…
A: What is a Letter of Credit A letter of credit, sometimes known as a "credit letter," is a guarantee…
Q: In MEXICO's 2021 financial statements, it should disclose major customer information if sales to any…
A: Income statement determines the net income of the business by subtracting the total expenses from…
Q: Do all transactions by U.S. companies with foreign parties require special accounting procedures by…
A: Concept used: Special accounting procedure by the US company is required when there is risk involved…
Q: If US residents receive income from their foreign investments, it is counted on the US balance of…
A: Balance of payment includes Capital Account, Current Account and Financial account. Transactions are…
Q: What are different accounting professional bodies for different spheres of accounting? Which ones…
A: The professional accounting body in Australia includes Chartered Accountant (CA) and Fellow CA (FCA)…
Q: Compare the duties and personal liabilities of directors and officers of a company within the United…
A: Comparison between the duties of directors of the united states and the European Union are as…
Q: The Malaysian Accounting Standards Board (MASB) is adopting two sets of accounting framework issued…
A: In 2012, MASB approved the IFRS and PERS as an accounting framework in Malaysia. Some advantages of…
Q: Explain Financial Action Task Force (FATF) & Pakistan in detail
A: Financial Action Task Force (FATF) is an inter-government body which aims to prevent illegal…
Q: Explain the term VAT and what is the VAT rate charged in Oman?
A: VAT is the abbreviation for value-added tax. It can be defined as a consumption tax on goods and…
Q: . What functions are carried out by insurance companies? Given these functions, how do insurance…
A: Hi, since you have asked multiple questions, we will answer the first one, as per authoring…
Q: gulatory authority for monitoring a
A: All companies in Oman are required to use International Financial Reporting Standards (IFRS). The…
Q: What is the sources of finance in the UAE?
A: Finance is a sub-discipline of economics that deals with the creation and management of money,…
Q: Identify those countries where Islamic and conventional financial systems operate under the same…
A: Islamic financial system is that financial system which is compliant with the Sharia law. Some of…
Q: Write down detailed about financial system.of pakistan. Please give answer in headings and bullets…
A: A financial structure is a collection of organizations that allow money to be exchanged, like banks,…
Q: A summary of a country's economic transactions with foreign residents and govemments is called…
A: a summary of counties economic transaction with the foreign residents and government is called the…
Q: Choose the correct. What is the so-called Norwalk Agreement?a. An agreement between the FASB and SEC…
A: Option d. Norwalk Agreement is an agreement between the FASB and IASB to make their existing…
Q: What is the VAT amount that will be recorded in the applicable journal of Africa Traders?
A: VAT is calculated on price before VAT. So, that amount is assumed to be X. And 15% VAT is…
Q: Describe the accounting profession in UAE?
A: Accounting is a process of recording financial transactions related to a business. It is done by…
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- Define balance of payments. And explain why it is useful to examine a country’s balance-of-payments data?Describe the accounting profession in UAE?How does one calculate the balance of trade in goods and services, capital account balance, current account balance and official settlement balance given a summary of international transactions of the country?
- In what circumstance must entities register for GST in Australia?Discuss the VAT regime in Trinidad and the impact of VAT on the country’s economy.Answer should cover, but not limited, to the following: • VAT registration• Time of supply • Place of supply • VAT rates• VAT Filing requirements & reporting obligations• Penalties• Legislative Authority of VATDiscuss about Regulatory authority for monitoring accounting standards and Financial Reporting in Oman and other GCC countries.
- Discuss similarities and differences between the accounting treatment for U.S. GAAP and IFRS if any from the topic you selected.Discuss the accounting standards applied in the Sultanate of Oman with reference to some examples of the accounting methods adopted in the SultanateWhat do you think the International Financial Reporting Standards (IFRS) are?