As of January 1, 2023, the International Accounting Standards Board (IASB) implemented amendments to International Accounting Standard...

After the end of the First World War, a crisis broke out. People didn't have money to buy cars. The previously successful Ford Motor...

The effective date of IFRS 17 is coming close and My Best CFO Team decided to go over IFRS 17 to facilitate its application. The revised...

Entrepreneurs often mix personal and business money. This leads to cash gaps and even personal and business collapse. How to avoid such...

The owner will not be able to understand whether it is worth increasing the volume of sales or it is better to exit the business without...

Types of Ship Mortgage What types of ship mortgages exist and what obligations may a ship mortgage secure? Can contingent obligations,...

On August 1, 2022, the UAE Central Bank issued the Guidance for Licensed Financial Institutions on the Risks Relating to Payments. The...

Have you faced with situation, when you budget your revenues and expenses and come up with a good profit result for your company, but...

The taxpayer submitted tax returns for the prescribed tax periods as of January 2018, and these returns included supplies related to real...

The 2022 EY Tax and Finance Operations Survey queried 1,650 executives in more than 40 jurisdictions and a dozen industries in order to...

The newly formed International Sustainability Standards Board released two new proposals on the first IFRS Sustainability Disclosure...

All companies are facing climate-related risks and opportunities. Some are affected more than others. For some companies, the risks and...

On 31 January 2022 the Ministry of Finance (MOF) announced that federal corporate income tax (CIT) will be introduced in the UAE. The CIT...

The update to the Federal Law No. (7) of 2017 on Tax Procedures is the first update to the FTP Law since its introduction in 2017. The...

Annual Improvements to IFRS Standards 2018–2020 makes amendments to the following standards: IFRS 1 "First-time Adoption of International...

There are amendments to certain IFRS that come into force starting January 1, 2022: IFRS 3 "Business Combinations" It outlines the...

Now it is right time to start! Here are some budgeting tips from My Best CFO: Tip #1: Consider budgeting as a positive activity that...

To improve identification of potential divestments most companies need to initiate or increase the frequency of portfolio reviews, engage...

In accordance with Article (76) of the Chairman of SCA Board Decision No. (03 R.M.) of 2020 concerning adopting the Corporate Governance...

Sustainable investing is an investing that considers environmental, social and corporate governance (ESG) criteria to generate long-term...