An accounting system where every transaction is recorded twice — as both a debit in one account and a credit in another — so the books always balance.
Read MoreDouble-Trigger Acceleration is a provision in a contract that allows for the acceleration of vesting of stock options or other equity-based compensation in the event of certain specified events.
Read MoreEBITDA is an acronym that stands for Earnings Before Interest, Taxes, Depreciation, and Amortization.
Read MoreUAE rules requiring businesses in certain high-value sectors to prove they have real, active operations in the UAE — not just a registered address.
Read MoreAn Entrepreneur in Residence (EIR) is a position within a company or organization that is typically held by an experienced entrepreneur who has been brought in to help the organization develop new products or services, or to improve its existing ones.
Read MoreThe net value of a business — what remains after subtracting all liabilities from total assets. Also called shareholders' equity or net worth.
Read MoreA request by an employee to be reimbursed for business costs they paid personally — such as travel, meals, or equipment.
Read MoreFair market value (FMV) is the estimated price at which an asset would be bought or sold in a transaction between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of the relevant facts.
Read MoreThe UAE government body responsible for administering, collecting, and enforcing VAT and corporate tax.
Read MoreFinancial management is the process of planning, organizing, controlling, and monitoring a company's financial resources in order to achieve its business objectives and maximize its value.
Read MoreFinancial reporting is the process of preparing and publishing financial statements that provide information about a company's financial performance and position.
Read More
