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.
Corporate Governance Fundamentals: Accounting Standards
A video guide on having accounting standards within your business
أسس الحوكمة المؤسسية للشركات المتناهية الصغر والصغيرة والمتوسطة: المعايير المحاسبية
فيديو إرشادي باللغة العربية حول تطبيق المعايير المحاسبية في مؤسستك.
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).
Bearing in mind the importance of MSMEs in job creation, innovation, and business growth, the Pearl Initiative undertook an extensive survey across these companies to understand their approaches to corporate governance and competitiveness. Our survey revealed that MSMEs are keen to expand their horizons, but encounter obstacles with funding, hiring skilled employees, allotting time for ventures, and retaining talent. The survey thus provides a framework that will help MSMEs address these issues through effective corporate governance towards more stable and successful forms of entrepreneurship.
Internal Audit Guide
This template includes information on how internal audits can drive value and improve an organisation’s operations in a systematic manner.
It includes a downloadable tool template on internal audits and a general instructions on auditing.