Audit firms is part of sustainability future.
AHG is a champion of sustainable practices in the office environment. AHG’s Go Green policy ensures audit offices in Egypt and Dubai are part of the global movement to preserve our environment and reduce harmful waste.
Sustainability means meeting our needs without compromising the ability of future generations to meet their own. In addition to natural resources, we also need social and economic resources.
Sustainability is not just for environmentalism but economic development
SUSTAINABLE PROCUREMENT
AHG has developed a sustainable purchasing policy; applied in Dubai and Egypt.
Go Green action plan is a detailed list of the prohibited products, sustainable options, and practices that ensures reduced waste.
AHG uses internal and external expertise, online research, and independent advice guides.
This policy was crucial to reduce waste; and creating a sustainable office environment.
We are global citizens, as AHG is a member of Morison Global; and an audit and tax agent operating in Egypt and Dubai.
We work to protect and connect to our planet; this means taking care of our local communities and environments. It also benefits auditors and accountants well-being by engaging in office sustainability actions (i.e: bird feeders, planting) and bonding as team building activity.
At AHG Cairo and Dubai we apply the 5Rs (Refuse- Reuse- Reduce-Recycle-Repurpose):
- AHG is a paperless work environment
- NO single-use cups
- Reuse plastic products (bags/cups/forks/plats)
- Use draft printing paper
- NO individual trash cans
- Print double-sided
- Planting using pots and organic material from office waste
- Repurpose takeaway containers as bird feeders.
AHG sets the example that audit firms can be part of the sustainable future. Wherever you work, whatever sector you work in, you can fight for your world by applying small changes to reduce waste and create more sustainable office environment.
Go Green Action for a Sustainable office
In AHG, we make sustainable office policy FUN. Go Green is a team-building activity to raise awareness about climate change, waste, and the environment.
Introduction about financial sustainability
In the dynamic world of modern business, it is essential for organizations in all sectors to strive for financial sustainability.
This term refers to the capability of a business to generate satisfactory revenue and effectively manage its resources to fulfill both current and future financial requirements.
Though it may appear daunting, businesses can utilize accounting methods to streamline operations, enhance financial decision-making, and ultimately foster sustainable growth.
This article delves into the significance of accounting in aiding businesses in attaining their financial sustainability objectives.
Key components of financial sustainability include:
Income and Revenue: Ensuring a steady and reliable stream of income or revenue to cover operational expenses and financial commitments is essential for financial sustainability. This may come from various sources such as sales, investments, grants, or government funding.
Expense Management: Controlling and managing expenses efficiently is crucial to avoid overspending and financial strain. This includes monitoring and optimizing costs related to staffing, production, overhead, and debt servicing.
Budgeting and Planning: Developing and adhering to a well-structured budget is fundamental to financial sustainability. A budget helps allocate resources effectively, prioritize spending, and plan for future financial needs and opportunities.
Debt Management: Handling debt responsibly, including managing interest payments and repayment schedules, is vital for financial sustainability. Excessive or mismanaged debt can lead to financial instability.
Investment and Asset Management: Making prudent investments and managing assets wisely can enhance financial sustainability by generating income, increasing net worth, and providing a financial safety net.
Risk Management: Identifying and mitigating financial risks is essential to protect against unexpected challenges, such as economic downturns, market fluctuations, or natural disasters.
Diversification: Spreading financial resources and investments across a variety of assets and income sources can reduce vulnerability to economic volatility and external shocks.
Reserves and Emergency Funds: Maintaining reserves and emergency funds can provide a financial cushion during times of crisis or unforeseen expenses, helping to sustain financial stability.
Long-Term Planning: Taking a forward-looking approach to financial sustainability involves setting long-term financial goals and strategies, which may include saving for retirement, investing in growth opportunities, or funding capital projects.
Transparency and Accountability: Being transparent about financial activities and being accountable to stakeholders, whether they are shareholders, donors, or the public, builds trust and enhances financial sustainability.
Financial sustainability is not solely about accumulating wealth but also about ensuring that resources are used wisely to support the mission, objectives, and well-being of individuals, organizations, or communities.
It plays a crucial role in maintaining financial independence, adapting to changing circumstances, and achieving stability and resilience in an ever-evolving financial landscape.
For the past 30 years, AHG has become one of the largest accredited accounting firms in Egypt, the Middle East, North Africa, and Europe. We specialize in company formation in Egypt and establishing free zone companies (public and private).
With our impressive track record and a team of about 100 talented employees, we offer a wide range of services that include auditing, bookkeeping, risk management, business formation, feasibility studies, software solutions, HR consulting, and payroll preparation. In addition, AHG is a proud member of the Morison Global network, and our CEO is a board member.
We care and listen to your vision, challenges, and needs to provide the right advice.
Your business needs a reliable problem-solver and an expert in law/regulations to guide it to success while tapping into the global market. We believe in the entrepreneurial spirit and appreciate innovation.
Also, we understand that innovative ideas require dedicated builders capable of turning dreams into profitable reality.