IFRS Standards IFRS1: First-time adoption of international financial reporting standards IFRS2: Share-based payment IFRS3: Business combinations IFRS4: lnsurance contracts IFRS5: Non-current assets held for sale and discontinued operations IFRS6: Exploration and production assets for energy and utilities IFRS7: Financial instruments: disclosures IAS Standards IAS1: Presentation of financial statements IAS2: lnventories IAS7: Cash flow statements IAS8: […]READ ARTICLE
Standard Accounting Practice Standards issued up to 1 August 1990 are known as Statements of Standard Accounting Practice (SSAP). SSAP4: The accounting treatment of government grants SSAP5: Accounting for value added tax SSAP9: Stocks and long-term contracts SSAP13: Accounting for research and development SSAP17: Accounting for post-balance sheet events SSAP19: Accounting for investment properties SSAP20: […]READ ARTICLE
Jewellery shops (Jewelry) have big amount of trading in money and small amount of item size !. any small mistake in amount of product could have bad results and loss in shops. Accounting software for jewellery You can use iGreen accounting software for your jewellery shops for free. Lite version of iGreen accounting is free […]READ ARTICLE
There are many accounting software over the world and daily many software companies are working to create more and more accounting software. to select a true software for your business, shop or companies, it is better to have look on a categorized list of accounting software. we can categorize software based on different conditions or […]READ ARTICLE
A company file is where you store your company’s financial records in QuickBooks, so it’s the first thing you need to work on in the program. You can create a company file from scratch or convert records that you previously kept in a different small-business accounting program, Quicken, or even another edition of QuickBooks like […]READ ARTICLE
Despite the fluctuating size of the tax code, accounting and bookkeeping practices don’t change much each year. The changes in QuickBooks 2015 are mostly small tweaks and subtle improvements, but some of them might be just what you’ve been waiting for: Insights tab in the Home window In previous versions of QuickBooks, the Home window […]READ ARTICLE
Sometimes, direct costs are treated as indirect because tracing costs directly to the cost object is not cost effective. For example, the nails used to manufacture a particular desk can be identified specifically with the desk, but, because the cost is likely to be insignificant, the expense of tracing such items does not justify the possible benefits from calculating more accurate product costs.
The distinction between direct and indirect costs also depends on the cost object
A cost can be treated as direct for one cost object but indirect in respect of another. if the cost object is the cost of using different distribution channels, then the rental of warehouses and the salaries of storekeepers will be regarded as direct for each distribution channel. Also consider a supervisor's salary in a maintenance department of a manufacturing company. if the cost object is the maintenance department, then the salary is a direct cost. However, if the cost object is the product, both the warehouse rental and the salaries of the storekeepers and the supervisor will be an indirect cost because these costs cannot be specifically identified with the product.
Assigning direct costs to cost objects
Direct costs can be traced easily and accurately to a cost object. For example, where products are the cost object,
direct materials and labour used can be physically identified with the different products that an organization produces. Therefore it is a simple process to establish an information technology system that records the quantity and cost of direct labour and material resources used to produce specific products.
Assigning indirect costs to cost objects
In contrast, indirect costs cannot be traced to cost objects. Instead, an estimate must be made of the resources consumed by cost objects using cost allocation. A cost allocation is the process of assigning costs when a direct measure does not exist for the quantity of resources consumed by a particular cost object Cost allocations involve the use of surrogate rather than direct measures.
For example, consider an activity such as receiving incoming materials. Assuming that the cost of receiving materials is strongly influenced by the number of receipts then costs can be allocated to products (i.e. the cost object) based on the number of material receipts each product requires.
If 20% of the total number of receipts for a period were required for a particular product then 20% of the total costs of receiving incoming materials would be allocated to that product.
Assuming that the product was discontinued, and not replaced, we would expect action to be taken to reduce the resources required for receiving materials by 20%.
in the above illustration the surrogate allocation measure is assumed to be a significant determinant of the cost of receiving incoming materials. You should note that only direct costs can be accurately assigned to cost objects.
The more direct costs that can be traced to a cost object, the more accurate is the cost assignment.
Costs that are assigned to cost objects can be divided into two broad categories Direct and Indirect costs. Both categories can be further divided into direct and indirect material costs, and direct and indirect labour costs Each of these categories is discussed in the following sections. Direct Materials Direct materials represent those material costs that can be specifically and […]READ ARTICLE
Accounting information systems measure costs that are used for different purposes i.e profit measurement and inventory valuation, decision-making, performance measurement and control. Therefore different types of costs are used in different situations. Because the term ‘cost’ has multiple meanings, a preceding term must be added to clarify the assumptions that underlie a cost measurement. A large terminology has emerged […]READ ARTICLE
Below image provides an overview of the cost assignment process for an absorption costing system, The term cost tracing is used in this photo to denote the fact that direct costs can be specifically and exclusively identified with a particular cost object. Cost assignment merely involves the implementation of suitable data processing procedures that identify and […]READ ARTICLE
The collection of information and data about people is a characteristic of e-business transactions. e-Business marketplaces and portals derive value from data mining activities. Construction companies engaged in e-business will have to manage multiple risks relating to privacy; some relate to personal privacy concerns about their own firms, and others relate to concerns about infringement. Construction […]READ ARTICLE
Jurisdiction is a legal term describing which law is in effect at a given period of time and which court’s decisions will be legally binding. jurisdiction issues arise when parties dispute a contract and try to decide which court has jurisdiction over it. The problem is exacerbated by the fact that in an e-business contract, […]READ ARTICLE
The legal risks of conducting business online change every day as new technologies are introduced to the market. These technologies pose important problems to legislators that need quick and effective solutions. The difference between the rates at which e-business technology develops to the rate at which legal framework and rules develop is substantial. Legal risks […]READ ARTICLE
The hype for e-business in the construction industry is now over. With industry players already embracing the change, many are now shifting their focus towards the impact, or non-impact, that e-business has left in their businesses. e-Business applications in the construction industry are poised for restructuring as industry players have recognized that e-business will re-intermediate […]READ ARTICLE
Cash trading is one the most used method in shops and discount centers. to keep a cash book updated and write a cash book in true format, you need details of cash flow. When Cash receives from customer, it will be added to cash account with amount of it in Debit column When Cash be […]READ ARTICLE
in Dubai, tools shops usually sell tools like: SAFETY PRODUCTS SHADE NETTINGS RAZOR WIRE FIRE BLANKETS PAINT BRUSHES PAINT ROLLERS ABRASIVES PVC WATER TANKS ROLLER CHAINS Brands of these tools commonly are from Bush, BlackandDecker, Siemens, … Coast ToolsREAD ARTICLE
The Role of Management Accounting Management accounting: ( defined by the National Association of Accountants (NAA)) ( The process of identification, measurement, accumulation, analysis, preparation, interpretation, and communication of financial information, which is used by management to plan, evaluate, and control within an organization. ) It ensures the appropriate use of and accountability for an organizations […]READ ARTICLE
All businesses, without exception, need to keep accurate and readily accessible records of their financial transactions. Many organizations other than businesses also need to do it, and some individuals too. As a child I had a neighbor who died at the age of 75 leaving records that accounted for every penny of his income and […]READ ARTICLE
The best way to learn an accounting software is to enter real invoices and vouchers in it. Therefore, we will add different examples of invoice entry of sample businesses in Dubai, Oman and Qatar to show you how to do invoicing by iGreen accounting application.READ ARTICLE
Multi currency is one of top feature in iGreen accounting. so that, you can record and issue sales invoices and any voucher of cash transactions in any currency that you want. To look at list of currencies in iGreen accounting, in home screen, in right, bottom of screen, please click on update currency. so that, […]READ ARTICLE
When you record invoices of your business in iGreen accounting software, it will give you an easy to understanding report of profit and loss As you see here, you can get total of profits of all your items and also you can control one by one of items. In this example, we have two items […]READ ARTICLE
Online market of currencies or Forex is very sensitive to any politics changes. an eCommerce with high risk to loss your investments in market very easy. So it need study very carefully ! we will update it about our analyses when to buy or sell EURUSD , JPNUSD and GBPUSD Forex signal of this week […]READ ARTICLE
In any business, Gross income is the main statement for taxation but to know net income, you need to reduce expenses from it, with a perfect expense entry software you can reach net income easily. There are many software in Dubai markets and you can use them for journal entry of expenses. here we will […]READ ARTICLE
There many business owners in Dubai that they need an honest guides to know how to order software and automate their business accounts department. so that, a free consultation of accounting in Dubai, could be a advantage for you to know what you need really for your accounts department. Without a true consultation maybe there are […]READ ARTICLE
Early e-business applications in the construction industry were built around focused and narrow processes such as oniine blue rooms and online project management and collaboration portals. It was estimated that US$2.5 billion has been spent in capital investments, in the United States only, by Application Service Providers creating project management and collaboration portals alone. Despite the large IT investments […]READ ARTICLE
Screenshots and images of accounting software could help you to select an accounting software for your accounts department. With looking at images, you don't need to waste your time for installation of accounting software one by one. You can quickly look at screenshots of any accounting software to see what it offers you.
It is important to check what types of vouchers and invoices, you want to have in an accounting software. some of accounting programs are strong in manufacturing department but some of them are strong in shopping accounting. so that, it is not true if an accounting software is strong in another field could be strong in your accounts department.
Images of Quickbooks Accounting Software
Quickbooks accounting has been used widely in United state of America. it is a software product of Intuit software company.
Images of Peachtree Accounting Software
Images of iGreen Accounting Software
The most important benefits of iGreen accounting are:
- A real free accounting software
- Unlimited levels in Chart of accounts
- Tree-veiw chart of accounts
- Tree-view list of items and goods
- Unlimited photo of products
All images of these accounting software have been taken from real accounting software
Mobile shops are popular stores in Dubai. You can find the latest mobile and phone models in Dubai very easy.
if you walk in Nasser square (Baniyas square), you will see many cell phone stores & shops that sell mobile phones. If you need to repair your smartphone mobile, one of the best place to find many mobile repair centers, is 2nd and 3rd floors of Gargash center. location of Gargash mobile market is in Deira, first of Murshid bazaar.
Very important: When you buy a new mobile or smartphone, ask for a stamped invoice from salesperson and keep this invoice in box of mobile. Any time in duration of warranty, your mobile get problem, repair center will ask for original invoice then they will repair your mobile for free based on warranty conditions.
List of mobile shops in Dubai
Mall of Emirates
Address:Mall of the Emirates, Al Barsha 1, DubaiToll-free: 800 04441819
Mall of the Emirates, Sheikh Zayed Rd., Dubai, United Arab Emirates+971 4 341 0101
Address: Dubai Silicon Oasis - Dubai - United Arab EmiratesPhone:+971 4 342 3704
- Blackberry shop
- Address: Dubai mall - Dubai - United Arab Emirates Phone:+971 4 3253117
- Hello Grand Mobile Shop
Address: Al Marabea Rd - Dubai - United Arab EmiratesPhone:+971 4 341 1678
- Speedstar Mobiles
Address: Shop 5, La Rosa 3, Street 20, Frij Al Murar,Community 117, Deira - near Dalmukh Masjid - United Arab EmiratesPhone:+971 4 272 3835
Belal Mohammed Computer Technology L.L.CAddress: Shop# 149-D, Al-Khaleej Center, Mezzanine Floor, Bur Dubai - Dubai - United Arab EmiratesPhone:+971 50 845 1914
Silver Kingdom Mobile Shop, DeiraAddress: 18th St - Dubai - United Arab EmiratesPhone:+971 50 705 8222
Royal World Mobile Phones L.L.CAddress: shop no.1, Jhasim Ahmaedel el Hindy Bldng , Deira - 18 18th St - Dubai - United Arab EmiratesPhone:+971 4 273 3405
Technocare Phone RepairAddress: The Curve, 4th St - Dubai - United Arab EmiratesPhone:+971 800 7927
Address: Naif Road, Deira - Behind Karachi Darbar Hotel ,Opp: Hayat Regency - Dubai - United Arab EmiratesPhone:+971 4 273 8787
Address: Deira City Centre,Deira - Dubai - United Arab EmiratesPhone:+971 4 254 5013
Address: Al Satwa Road,Al Satwa,Opposite Al Satwa Bus Station - Dubai - United Arab EmiratesPhone:+971 4 332 6658
Address: Opposite to Astoria Hotel Meena Bazaar Bur Dubai - Dubai - United Arab EmiratesPhone:+971 800 344357
- Kwakb Al Sama Mobile Phone Shop
Address: Jumeirah Beach Road - Dubai - United Arab EmiratesPhone:+971 50 599 5089
- SevDotCom Digital
Address: G07, Building 1 (Thomson Reuters), Dubai Media City - Dubai - United Arab EmiratesPhone:+971 4 374 8378
- Ramsis Mobile Phones Trading LLC
Address: G Floor,Shop # 26,Gargash Center,Al Sabkha Road,Deira - Dubai - United Arab EmiratesPhone:+971 4 224 0300
- Al Falak Electronics
Address: Mirdif City Centre,H15,H16, Dubai, United Arab Emirates - PB No: 5303 - Dubai - United Arab EmiratesPhone:+971 4 284 0801
Add your Dubai mobile shop in this page
If you have a mobile store in Dubai and you would like to list information of your shop here, it is free
Please send us, full information as name of company or shop, location of shop, phone and fax no, website, logo and some photo of your shop from external and internal view. So that, We put it here in less than 24 hours.