Last Updated:
March 29, 2024

Posts tagged "Big Data"
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The Future of Accounting in the UAE

What is Accounting Trends? Accounting trends in the UAE denote the developments in the principles, practices, and regulations of accounting in the country. These may involve adopting International Financial Reporting Standards (IFRS) or introducing the Value Added Tax (VAT) system in 2018.  Top 5 Accounting Trends to Follow in 2023 Cloud-based accounting solutions have become increasingly popular in the UAE as businesses look for ways to reduce overhead costs and streamline operations. These solutions allow businesses to access their financial data from any location in real time, providing enhanced security and cost savings. Furthermore, offshore staffing and remote work setups are becoming more common as companies outsource accounting services for cost savings and access to a wider pool of talent. At the same time, many businesses are employing the use of accounting software to digitize their operations and save time and money. Big Data and data analytics are also being used to uncover insights, trends, and opportunities for improvement and cost savings.   Maxims Auditors & Consultants offers a broad range of services, including investment and incorporation, assurance, financial and business advisory etc. Please contact us if you would like more information about the other services we provide. Also Read: […] read more
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Accounting Trends in the UAE to Watch in 2023

Overview Changes in accounting practises, principles, and laws are possible in the UAE. These could include the installation of the Value Added Tax (VAT) system and the adoption of IFRS. Accounting professionals need to be aware of new developments like cloud-based accounting software, automated bookkeeping, and the use of artificial intelligence in audit and assurance in order to stay current and competitive. Visit our website at to learn more about the Latest accounting trends in the UAE to watch in 2023. read more
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