How IFRS 9 Impairment Rules Will Affect Companies in UAE
The IFRS 9 standard was completed in July 2014, and recent changes brought audit firms in Dubai & UAE new impairment rules. These new rules will not affect only financial …
Month: May 2023
The Importance of IFRS 15 Revenue Recognition for Businesses in Dubai
In business spheres, revenue recognition is essential as it sets the foundation for financial statements that provide insights into a company’s financial performance. In Dubai, a revenue recognition standard IFRS …
Dubai Audit Firms Guide to Accounting Customer Incentive In IFRS
Dubai companies sell products and services to the general public, or individuals may use carrots on their customers to persuade them to buy. It is important to ask how Dubai audit …
Key Considerations for Implementing IFRS 17 Insurance Contracts in Dubai
IFRS 17 is a new global accounting standard for insurance contracts that aims to regulate financial reporting practices in the insurance industry. Its implementation is of great importance in Dubai, …
The Impact of IFRS 16 on Leasing for Businesses in Dubai
IFRS 16 is applicable for annual reporting periods commencing on or after January 1, 2019. The purpose of IFRS 16 is to provide data that accurately depicts lease transactions, timing, …
Preparing for IFRS 3 Business Combinations in Dubai: Strategies for Auditors and Business Owners
IFRS 3 Business Combinations is a set of accounting principles that govern how companies report mergers and achievements. Therefore, it is imperative for corporations operating in Dubai to comply with …