Other Specialist Services
Feasibility and Projections.
A feasibility study helps you determine how viable and profitable a project is and if the project can be implemented successfully. It helps companies make informed decisions by covering feasibility factors such as operational, technical, legal, economic and time relevant for effective decision-making. If you may have a planned project and wonder how you can do a feasibility study then we can help support.
Financial reporting and forecasting has benefits.
Most business at some point need to seek finance externally, and the most common route is bank loans or finance. But before approaching a bank for a loan or overdraft your approval prospects are likely to be much better if the lending bank is reassured that you have good financial information and disciplines in place and that you would use the information you have well. Approaching a bank with near poor cash flow forecasts, or an inadequate budget and lack of planning and strategy may well raise a big “alarm bells” for the bank and result in significantly reduced chances of securing important finance.
The same point applies if you are seeking to grow your business by attracting private equity or preparing for sale. Experienced investors will make judgments based on how you have been running the business and your financial projections and discipline. You get one chance so make sure its well prepared for.
Ageing Analysis Report
Ageing analysis of bills outstanding is done to identify the bills for which amount is due for a long period of time. These bills can be classified as bad debts or provisions can be created for such losses in the books of accounts depending on the results of ageing analysis. It is used as a gauge to determine the financial health and reliability of a company’s customers. An accounts receivable aging report organizes all of your unpaid customer invoices based on how long they have been outstanding. The report is usually divided into intervals such as15-30 days, 30-45 days, and more than 45 days. Monitoring receivables with this report helps business owners identify why their business may be slowing down and which customers are becoming credit risks.
Economic Substance Regulations
The UAE applies Economic Substance Regulations (ESR) to local companies located in the country, including businesses in the free zones and those engaged in any of the defined ‘relevant activities’. These companies must provide the regulatory authorities with economic substance notifications, including preliminary information about the activities. This notification is a prerequisite for submitting an economic substance report by the company. The Regulations require UAE onshore and free zone companies and certain other business forms that carry out any of the defined “Relevant Activities” listed to maintain and demonstrate an adequate “economic presence” in the UAE relative to the activities they undertake (“Economic Substance Test”).
Compliance officers face three major challenges in complying with anti-money laundering regulations: A growing volume of cross-border transactions, high false positives, and constantly changing AML regulations and business requirements. To identify and report potential money laundering and address compliance requirements, financial institutions must have a deep understanding of how the crime works. Money laundering involves three stages: placement, layering and integration. These are a complex series of transactions that start with depositing funds, then gradually moving them into what appear to be legitimate assets.