Saturday 6 February 2016
 
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Accounting

New lease accounting standards ‘will bring transparency’

The new lease accounting standard published recently by the International Accounting Standards Board (IASB) brings added transparency to financial reporting, according to KPMG International. The new standard requires companies to bring most le

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Accountancy ‘must keep pace with digital tech’

The digitisation of the economy raises risks of marginalisation and irrelevance if the accounting profession fails to adapt digital technologies, a report has cautioned. Technology presents opportunities and risks to the future of

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Toshiba CEO quits over accounting scandal

Toshiba Corporations’s chief executive Hisao Tanaka and a string of other senior officials resigned yesterday (July 21) for their roles in the country’s biggest accounting scandal in years. Tanaka will be temporarily r

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ICAEW-BAA sign major accounting agreement

Accountancy and Finance profession specialists ICAEW and the Bahrain Accountants Association (BAA) have signed a memorandum of understanding (MoU) to support the growth of the accounting profession in the kingdom. Both organisatio

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Batelco hosts special training for accounts team

Batelco, Bahrain's leading business communication solutions provider and a Cisco Gold Partner in Bahrain, organised specialised training for its account management team. The course, which provided an introduction to selling bu

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Batelco hosts special training for accounts team

Batelco, Bahrain's leading business communication solutions provider and a Cisco Gold Partner in Bahrain, organised specialised training for its account management team. The course, which provided an introduction to selling bu

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Productivity accounting in focus at workshop

A high-level workshop focused on productivity accounting for Bahrain starts today (January 20). It is being organised by Bahrain-based Mena Centre for Investment in co-operation with the United Nations Industrial Development Organ

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Mobily scraps Q3 dividend after earnings error

Saudi Arabia's Etihad Etisalat (Mobily), which has seen its share price fall by the daily limit for three straight days since reporting an accounting error on Monday, said it would not distribute a dividend for the third quarter.

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Customers' interests ‘top priority for banks’

Too often over the past five years the interests of customers at banks have been neglected as bank management has focused on bonuses and share price, said the Governor of the from Central Bank of Bahrain (CBB). If banks neglect customers'

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New markets eye Islamic finance push

The global financial crisis has created a lot of interest around the world in Islamic finance and not only in Muslim countries, said an expert. The potential from new markets will help Islamic finance to spread a lot wider and grow, accord

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