Things to consider before choosing accounting services

Posted by CDA Accounting and Bookkeeping services LLC on November 25th, 2019

Things to consider before choosing accounting services

The financial transactions of a company are recorded under accounting services (Brown, 2009). Financial information of a firm is the blood of the firm as it has all the strengths and performance measures of the company (Knight, 1999). Dubai is a hub for all multinational firms. That’s why it has a lot of opportunities in the accounting sector. Accounting services of VAT, advisory services in accounting, bookkeeping services, etc. are some of the portfolios offered in Dubai under accounting services.

Accountants in Dubai are being provided with jobs in bulk quantity (Pacione, (2005)). B.COM, MBA, ACCA or CA holders are highly recommended by Dubai to have the position of accountant. Some of the accounting firms in Dubai are providing attractive salaries and some excellent benefits to deserving employees. An individual must possess some skills to get a good accountant in a job in Dubai. 

These skills include good communication skills, quick learner, have good interpersonal skills and understand all accounting perspectives. Since the economy of Dubai is more stable so the country has got plenty of good opportunities to explore. CDA Accounting And Bookkeeping Services LLC are one of the best leading accounting firms in Dubai

Following are the things one should consider while choosing accounting services in Dubai:

  • Fee charged

While going global, there is a fee one has to pay to get a work permit for Dubai. In 2017, the ministry of human resources and Emiratisation revised its fee of work permit. It issued work permits on specified criteria, which include the percentage of skilled, non-skilled and cultural diversity in a firm. It categorized the companies and issued fees accordingly.

Class 2A

  • AED 250

  • AED 500

Class 2B

  • AED 500

  • AED 1,000

Class 2C

  • AED 750

  • AED 1,500

Class 2D

  • AED 1,000

  • Areas specialized 

An individual must have a degree according to the job requirement. Moreover, good communication skills, quick learner, have good interpersonal skills and understand all accounting perspectives. For the accounting perspective, an individual must have skills in compiling and can analyze the information of accounting by preparing the entries of ability, assets and capital entries of accounting.

  • Certifications

B.COM, MBA, ACCA or CA holders are highly recommended by Dubai to have the position of accountant. For a permanent and sizeable boost in career, degree and certifications are the must requirements. Chartered Accountant, Certified Management Accountant, Chartered Certified Accountant, Chartered Global Management Accountant and Master of Business Administration (Finance) are the most wanted degrees in Dubai.

  • Level of service

At first, your degree will decide the level of service. The high qualified individuals have high ranks while others get a lower rank. Then based on skills and job performance, one will get promotions. 

  • Availability

As Dubai and UAE is a hub for the international markets. So there are plenty of job opportunities available there. At the start of the year, there is a bulk of new opportunities, moreover, during the year there are some vacancies available. After IT and software developers, accountants are highly demanded in Dubai and UAE. 

  • Personal connections

Dubai is a highly professional country. One can get information by the personal connection on how to apply or what to consider to get a job in Dubai. But to get a job depends on the skills and certifications. There is no bribe and no other illegal ways to get a job. So, one should always have in mind that only his skills and certifications are required to get a job in Dubai and UAE.

  • Audit support  

              

It includes providing the supporting documentation and financial records to the firm. Dubai is a professional country. While applying you have to submit all the records and degrees of your academic career. That degree must be attested by both the host and Dubai’s embassy. This is because the country is highly concerned about its privacy and security. And hence, it takes all the necessary measures to have the real identity of a person. Only authorized persons are welcomed by Dubai.

  • Achievements

Personal achievements of an individual help him a lot to get extra benefits. For example, two people having a degree of master’s in business administration apply for a job. Out of two one is a gold medalist. So the gold medalist will be preferred over others or if there are two vacancies both will get the job but the gold medalist will enjoy more benefits.

  • Feasibility

All the political, social, technical, technological, legal and economic requirements are considered while choosing jobs in Dubai. Dubai has a stable economy so it has all the stable sectors. But research is mandatory. So while applying you should do a short research about the firm and after checking all choose the opportunity.

  • Reputation

A reputed firm always has more opportunities and offer good services. So before choosing any firm always searches about it. It should not have any scam cases and fraud history. This research is highly recommended to keep oneself save. As in a foreign country, it is not easy to survive when you are having trouble. So the reputation of a firm tells it all.

  • Efficiency

Always go for a highly efficient firm. This is because many inefficient firms go for downsizing so every employee will feel insecure. A firm earning high and having good efficiency will provide job security and provide many good opportunities to progress. So have a look at the financial reports of the firm to know about the efficiency.

Mentioned above are some of the Qualities of an Accounting Firm you have to consider before choosing accounting services in Dubai. 

CDA Accounting & Bookkeeping Services LLC is one of the best leading accounting firms registered in Dubai. CDA is the perfect choice to opt for your next project that includes budgeting, VAT registration, Internal Auditing, Tax Consultation, cost-benefit analysis and more. So get in touch with CDA and avail of their services now.

 

Like it? Share it!


CDA Accounting and Bookkeeping services LLC

About the Author

CDA Accounting and Bookkeeping services LLC
Joined: September 26th, 2019
Articles Posted: 1