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 …
Read MoreThe Importance of IFRS 15 Revenue Recognition for Businesses in Dubai
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 …
Read MoreDubai Audit Firms Guide to Accounting Customer Incentive In IFRS
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, …
Read MoreKey Considerations for Implementing IFRS 17 Insurance Contracts 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, …
Read MoreThe Impact of IFRS 16 on Leasing for Businesses in Dubai
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 …