My Mba Thesis
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1) Dubai Trust Contracting (DTC) is a small-medium enterprise established in 2005 in Dubai that provides contracting services. It underwent changes to its business structure and was impacted by the 2009 financial crisis. 2) DTC conducted an analysis of its accounting practices which revealed top problems like manipulating numbers, issues with revenue reporting, and lack of communication. 3) To address these issues, DTC proposed new accounting practices including implementing a chart of accounts, creating standard financial statements, documenting accounting policies, and using Intuit QuickBooks software. This aims to improve efficiency, synchronization, decision making and timely payments.
My Mba Thesis
- 1. accounting for small And medium enterprisesDubai Trust Contracting (L.L.C.)
- 2. Accounting in Small and Medium EnterpriseAccounting
- 3. ѷ’s
- 5. Top Ten Accounting ProblemsEmpirical Study on Accounting in SMEs Case of DTC
- 6. Introduction:DTC History :2005Establishing Date2007Changing company's style2009Financial crises2011Accounting Proposal
- 7. DTC hierarchy:2 ways relations1 way relation
- 8. DTC Analyzing Table:Lack Of EfficiencyEfficiency
- 11. Top Ten Accounting ProblemsDTC problemsPlaying with numbersmethodsDealing with outside agenciesReporting at grossRevenue issuesHuman errorsLazy bonesKeeping an eyeNot so clearAccounting methodsLack of communicationHuman errors
- 12. Proposed Accounting Practices1Chart Of Accounts2Financial Statements3Accounting Policies 4Applying software : Intuit Quickbooks Enterprise Solutions
- 14. Financial Statementsfor the period from January 1, 2011 up to May 31, 2011 Beginning Balance SheetIncome Statement
- 15. Accounting Policies We decided to adopt Revised IAS 1 as issued by the International Accounting Standards Board (IASB) for financial reporting periods beginning January 1, 2011.
- 16. Examples : “Applying new Depreciation Methods”Intuit Quickbooks Enterprise Solutions
- 17. Intuit Quickbooks Enterprise Solutions
- 18. ConclusionFirst level: The managers & the shareholdersSecond level: accounting department & projects engineers Third level: suppliers and sub-contractorsFourth level: labors
- 19. First level: The managers & the shareholdersFinancial position, managerial decisions, forecasting phases, comparing and analyzing prices.
- 20. reports market share, international bookkeeping, Second level: accounting department & projects engineers ‘Accomplish More by Doing Less’related information ,24/7 synchronizing with the sub-contractors ,all the materials suppliers and quicker decision.
- 21. Third level: suppliers and sub-contractorsQuicker request in paying money Fourth level: laborsPay salary on time happy labors Fast action and high quality of work
- 23. ¡ Mucho Gracias Para Vosotros!Thank You So Much For HearingPresented by :Basel KamouhSupervised by:Dr. ElieSlamehIn : 25/7/2011
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