Accounting Advisory Services in UAE
Accounting is one of the most crucial aspects of a business. From tracking earnings and expenditures to ensuring legal compliance and the flow of financial information to all stakeholders, its role cannot be overstated.
The corollary to this is the need for a top-notch, high-quality accounting function within an organization. From maintaining the income statement, balance sheet, cash flow statement and other key financial statements to maintaining a strategic business perspective on the data and their implications as well as a financial information communication one, it requires both high calibre talent and time – something which internal accounting departments, especially at smaller businesses, may lack to the level necessary. That is where financial accounting advisory services comes in.
Financial accounting advisory services is the comprehensive bundle of expert third party strategic advice for businesses and organizations to meet their business, financial and operational objectives. These therefore take a wider eye perspective of the accounting function beyond statement-accounts alone.
MAS accounting advisory services experts analyze the client’s financial processes and identify weaknesses in the master data and data-entry processes. We help maintain internal controls by identifying the effectiveness of key controls in the accounting and financial reporting process.
The methodology of what are accounting advisory services and financial accounting advisory at META assists clients in every aspect of the accounting closure process — from initial scoping to project execution and finalization. We also help with project and change management, so that you can capitalise on the benefits of enhancing your internal processes.
Primary objective of accounting advisory services is:
- Preparation and maintenance of books of accounts as per applicable accounting framework.
- Continuous communication with suppliers, customers and capital providers.
- Coordination with teams at remote locations – units/plants.
- Accounting advisory on complex accounting issues.
- Support in Management reporting to the group companies as per the group accounting policies or International Financial Reporting Standards (IFRS).
- Preparation of group accounting package as per group guidelines.
- Any other area in financial reporting where assistance is required by the Company on financial reporting.