Financial Statement Preparation

IFRS-compliant financial reporting solutions tailored for UAE businesses and regulatory requirements

Financial Statement Preparation

Compliant Financial Reporting

Professional preparation of complete financial statements that meet IFRS standards and UAE regulatory requirements.

Our team of qualified accountants prepares accurate, audit-ready financial statements that provide transparency for stakeholders while ensuring compliance with corporate tax and banking requirements in the UAE.

Our Financial Reporting Services

Balance Sheets

Statement of financial position with proper asset/liability classification

Income Statements

Profit & loss statements with revenue/expense recognition

Cash Flow Statements

Operating, investing and financing cash flow analysis

Notes to Accounts

Comprehensive disclosures meeting IFRS requirements

Consolidated Statements

Group financials with proper intercompany elimination

Regulatory Filings

Preparation of financials for DED, free zone authorities

Key IFRS Standards We Apply

IFRS 15 - Revenue Recognition

Proper accounting for revenue from contracts with customers

  • Point-in-time vs over time recognition
  • Variable consideration
  • Contract modifications

IAS 16 - Property, Plant & Equipment

Accounting for tangible fixed assets

  • Initial recognition
  • Depreciation methods
  • Impairment testing

IFRS 9 - Financial Instruments

Classification and measurement of financial assets/liabilities

  • Amortized cost vs FVTPL
  • Expected credit losses
  • Hedge accounting

IFRS 10 - Consolidated Financial Statements

Principles of control and consolidation

  • Subsidiary identification
  • Non-controlling interests
  • Step acquisitions

Financial Statement Preparation Process

1
Trial Balance Review

Analysis of general ledger accounts and adjustments

2
Account Reconciliation

Verification of all balance sheet accounts

3
IFRS Adjustments

Application of relevant accounting standards

4
Draft Preparation

Creation of complete financial statement set

5
Review & Finalization

Quality assurance and stakeholder approval

Financial Reporting Support

Get professional financial statements prepared for your business

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UAE Reporting Requirements

IFRS Compliance

Mandatory for most UAE companies (exceptions for SMEs)

Filing Deadlines

Varies by jurisdiction (DED, free zones, etc.)

Audit Requirements

Most UAE entities require audited financials

Corporate tax filings require IFRS-based financials

Related Services

Financial Reporting Resources

IFRS Standards Guide Financial Statement Checklist IFRS 15 Implementation Guide