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ICV Certificate

The National In-Country Value Program The program takes into consideration local expenditure on manufacturing, local products and services, investments, and the hiring and development of Emirates. It aims to support the national industry and redirect expenditure on procuring goods and services into the national economy. The National In-Country Value (ICV) Program is a UAE government program that aims to boost economic performance and support local industries by redirecting higher portions of public spending into the national economy. As an approved ICV certification Consultants, we have set up a specialized sub-service line for ICV to help our clients for acquiring ICV certificates, ICV improvement plans as per ICV guidelines . WHAT WE OFFER AS LEADING ICV CONSULTANTS We offer the following services: ICV CERTIFICATION ICV CONSULTANCY ICV IMPROVEMENT PLAN ICV PROGRAM IMPLEMENTATION

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ICV In-Country Value

ICV / ms.accountant@hotmail.com

Download In November 2017, Abu Dhabi National Oil Company (“ADNOC”) introduced an In-Country Value (ICV) program to improve the GDP of the country by enhancing local supplies of goods and services, encouraging manufacturing facilities to set up in the country. Emiratisation in the private sector in line with UAE vision 2030 is also one of the main objectives to introduce the ICV program. In years 2019 and 2020, various Government and Semi-Government Entities (Participating Entities) joined hands to broaden the ICV Certification process and launched the Unified ICV program which requires that all their vendors be mandated to calculate and declare their certified ICV score for the financial year, to demonstrate how they are helping to deliver ICV. As an approved ICV certification Consultants, we have set up a specialized sub-service line for ICV to help our clients for acquiring ICV certificates, ICV improvement plans as per ICV guidelines . WHAT WE OFFER AS LEADING ICV CONSULTANTS We offer the following services: ICV CERTIFICATION ICV CONSULTANCY ICV IMPROVEMENT PLAN ICV PROGRAM IMPLEMENTATION For more information please click here… WHY HAS THE ICV CERTIFICATION PROGRAM BEEN IMPLEMENTED IN UAE? An In-Country Value (ICV) program was announced for Abu Dhabi National Oil Company (ADNOC) Group Companies with the following objectives: (a) Emiratization: Creating additional employment opportunities for Emiratis in the private sector (b) GDP Diversification: Supporting UAE GDP diversification by sourcing additional goods and services within the UAE; and (c) Strategic Considerations: localizing strategically critical parts of the value chain for selected categories.

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Corporate Financial Services

Corporate Financial Services / ms.accountant@hotmail.com

Corporate Financial Services: Auditing is the process of reviewing and verifying the accuracy of financial records and reports. Auditing is typically performed by an independent third party, such as an external auditor, to ensure that financial records are accurate and reliable. The purpose of an audit is to provide assurance that an organization’s financial reports are fair and accurate, and that they conform to generally accepted accounting principles (GAAP) or international financial reporting standards (IFRS). Auditing reporting is the process of documenting the results of an audit. This includes preparing a report that summarizes the audit findings, including any issues or concerns that were identified during the audit process. The report is typically presented to the organization’s board of directors, management, and other stakeholders. The purpose of the report is to provide information about the financial health of the organization, and to recommend any necessary changes to improve the organization’s financial management practices. For more information and Quotation please click here…

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Accounting & Book Keeping

Accounting Book Keeping / ms.accountant@hotmail.com

Abstract – Accounting and Bookkeeping Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. Bookkeeping is the process of recording the financial transactions of a business. It is a necessary part of accounting, and involves the recording of financial transactions in a company’s accounting records. There are several key principles that underlie the practice of accounting and bookkeeping, including the following: Double-entry accounting: This involves recording each financial transaction in at least two different accounts, with one account being credited and the other being debited. This helps to ensure the accuracy and completeness of the financial records. The accrual basis of accounting: This involves recording financial transactions when they occur, rather than when cash is received or paid. This helps to provide a more accurate picture of a company’s financial position. The matching principle: This involves matching revenues and expenses to the accounting period in which they are earned or incurred. This helps to provide a more accurate picture of a company’s financial performance. The going concern assumption: This assumption states that a business will continue to operate indefinitely, unless there is evidence to the contrary. This allows businesses to record their assets and liabilities at their current values, rather than at their liquidation values. Bookkeeping and accounting are essential functions for any business, as they help to provide financial information that is necessary for decision making, planning, and control. We are an approved Tax Agent from FTA. Get more information and Quotation, please click here….

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ICV Certificate

ICV In-Country Value

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Accounting & Book Keeping

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