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In today's interconnected global economy, businesses operate across borders, investors seek opportunities worldwide, and stakeholders need to compare financial information from different countries. This is where International Financial Reporting Standards, commonly known as IFRS, come into play as the universal language of financial reporting. What is IFRS? International Financial Reporting Standards are a set of accounting rules and guidelines developed by the International

Since VAT was introduced in the UAE on 1 January 2018 , it has become an important part of doing business in the country. Over the years, the law has been refined to support transparency, protect government revenue, and align the UAE with global tax practices. In 2026 , VAT is no longer something businesses can afford to “figure out later.” It directly impacts pricing, cash flow, contracts, and compliance health. This guide explains the UAE VAT system in clear terms, highligh

The accounting profession is experiencing its most significant transformation in decades, and artificial intelligence is at the heart of this change. If you're running a business in the UAE, you've probably heard the buzz about AI in accounting, but what does it actually mean for your business? Let's cut through the noise and talk about how AI is genuinely changing the accounting landscape. The Reality of AI in Accounting Today AI in accounting isn't about robots replacing yo