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Assignment One
Write an essay on:
"The framework for financial reporting in the UAE"
Instructions
1. Conduct research to write this essay. The Ministry of Finance is a useful start.
2. Your essay should include the laws and regulations governing financial reporting for different entities in the UAE.
3. The essay will be marked on evidence of sustained research, comprehensiveness, logical coherence and presentation.
Proposed structure
Introduction: Background and objectives of the essayLaws and regulations:- for private companies- for governmentStandards:- for private companies- for government
Conclusion: What have we learned from the above analysis?
Verified Expert
The objective of the financial reporting is to offer the financial information regarding the reporting entity which remains useful to the existing as well as potential investors, other creditors and lenders to make decisions concerning the resources towards the entity. The paper effectively presents the laws and regulations for financial governance reporting for government and private companies operating their business process throughout UAE. The primary objective of the financial reporting framework is to provide all other relevant financial information concerning private and government companies. Different IFRS standards have been analyzed regarding the presenting of the financial statements of government and the private entities within UAE.
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