Accounting Standards
Accounting standards are formalised practices used to ensure that financial statements are reported accurately and in a legal manner. This helps businesses ensure that their financial statements are balanced, accurate, and easily understandable. They also help businesses track their financial dealings and keep track of money flows.
If you want to set up accounting standards in your business, use the toolkit and template as guides.
MSME Tools
Accounting Standards Graphic Guide
This graphic guide explains what accounting standards are, and how they should be used to a business’ financial reporting and tracking.
Enhancing Gulf Business Competitiveness
Evaluations of the Gulf Region’s economic sphere reveal that much of the business is carried out by Micro, Small, and Medium Sized Enterprises (MSMEs).
Internal Audit Guide
This template includes information on how internal audits can drive value and improve an organisation’s operations in a systematic manner.