The process of researching and watching a system to determine how effectively it operates is known as accounting system analysis. It guarantees the correctness of both financial and non-financial data about an organisation. The analysis' primary goal is to find weaknesses in the current ERP accounting system. Management can modify the system as needed to get the desired results based on the assessment.
Accounting laws of the UAE, Every registered firm must keep accounting records for at least five years, per the UAE Companies Law. Financial documents must be current, accurate, and pertinent in order to avoid arbitrary fines. Additionally, the UAE VAT Laws mandate that all businesses operating in any emirate maintain financial records.