International Financial Reporting Standards Services
International Financial Reporting Standards Services help companies follow global accounting rules. Dubai owners use these services to keep their reports clear and accepted worldwide.
What Do IFRS Services Include?
- Review of your current accounting system and reports
- Help in preparing statements as per IFRS rules
- Support for training your team about updates
Why Use IFRS Services in Dubai?
- Global investors and banks ask for IFRS reports
- These services reduce mistakes and risks for your business
- Dubai laws require many companies to follow IFRS
Table: Key Benefits of IFRS Services
| Benefit | Description |
|---|---|
| Compliance | Meet UAE & global reporting standards |
| Transparency | Show accurate numbers to investors and partners |
| Risk Reduction | Spot problems early and avoid penalties |
Importance of IFRS Impact Assessment
The Importance of IFRS impact assessment is huge for Dubai companies. This process checks how new rules change your financial results.
Why Assess IFRS Impact?
- Owners need to know if changes will increase profits or costs
- Impact assessment stops errors in new statements
- Companies stay ready for audits and reviews
Bullet Points: Why IFRS Impact Assessment Matters
- Protects business reputation and trust
- Keeps reports in line with legal requirements
- Gives time to train staff on changes
IFRS 15 Impact Assessment
IFRS 15 Impact Assessment looks at how new revenue rules affect your business. Dubai owners must check how they record and report sales.
What Does IFRS 15 Cover?
- Rules for reporting all types of revenue
- Steps for contracts, billing, and timing
- Special focus on long-term or multi-step deals
Why Should Businesses Check IFRS 15 Impact?
- Wrong revenue records can mean tax or audit trouble
- Owners get a clear map for updating accounts
- Companies stay ready for local and global partners
IFRS 16 Impact Assessment
IFRS 16 Impact Assessment shows how lease accounting changes affect your reports. Dubai companies need to check every contract and payment.
What’s New with IFRS 16?
- All leases must go on the balance sheet
- Owners record both assets and debts for rentals
- Changes how profit, cost, and cash flows look
Steps in IFRS 16 Impact Assessment
- Review every lease and contract in detail
- Calculate new values for assets and debts
- Update your reports and train your team
Documents Required to Conduct the IFRS Impact Assessment
You need the right documents to start an IFRS Impact Assessment. Dubai companies must collect these for a smooth process.
List of Required Documents
- Previous financial statements and ledgers
- All lease and revenue contracts
- Company policies and accounting manuals
Why Are These Documents Important?
- They help experts check real numbers and contracts
- Missing papers delay the whole process
- Owners can fix errors before reports go to auditors
What Can Help You: Mubarak Al Ketbi Chartered Accountants
Mubarak Al Ketbi Chartered Accountants can help you with IFRS Implementation & Impact Assessment Services in Dubai, UAE. Our team studies your accounts and helps with every new standard. We review documents, update reports, and train your staff. We guide you at every step so you don’t miss a trick.
We’ll:
- Review your accounts for IFRS 15 and IFRS 16 changes.
- Collect and check your documents for full compliance.
- Offer step-by-step support for team training and updates.
For more information, visit our office “Saraya Avenue Building – Office M-06, Block/A, Al Garhoud, Dubai – UAE” or contact/WhatsApp on this number +971 50 276 2132. Remember, when it comes to global rules, don’t put all your eggs in one basket—let our experts lead your way!
