Role of Budgeting in Planning, Control, and Resource Allocation Process in UAE Companies

Budget Before understanding the key concepts of budgeting, it is important to understand the meaning of budget. A budget is used to make a documentation of the translation of plans into money. So, the amount of money that needs to be spent in the planned strategies of the company would lie under the budget of that company. These planned strategies include the expenditure that a company incurs and also the income that the company predicts to make. So, in other words, a budget helps one to make an estimation of the amount of money that would be required for the company to handle the projects undertaken by it. It must also be understood that a budget is not made permanently. …

Travelling Tips for Dubai

While traveling to this beautiful city Dubai, showcasing marvelous engineering excellence with natural beauty, you need to be aware of some important aspects before landing. Here they are: VISA & CURRENCY NORMS Here, the Embassy only issues visas for diplomatic or certain business visits. While visas for tourists and business travelers are arranged via the sponsor including transit visas. Business visits are made by invitation only. It is mandatory for a traveler to have a copy of his visa with him before boarding the plane to visit Dubai. Also, a visitor visa is valid for 55 days from the time of entry into the UAE, which can be renewed for one additional month at extra charges. Dirham is the official …