Financial Statement Preparation (IFRS)
IFRS-compliant balance sheets, profit-and-loss and cash-flow statements that meet audit, bank and FTA requirements.
01The challenge
Banks, auditors, investors and the FTA all expect properly prepared financial statements. Turning raw books into IFRS-compliant statements is technical and time-consuming — and mistakes undermine loan applications, audits and your tax position.
02What UAE law requires
Financial reporting in the UAE follows international standards:
- UAE businesses are expected to prepare financial statements in line with IFRS (or IFRS for SMEs where applicable).
- Corporate Tax is assessed on accounting income determined under these standards.
- Audited financial statements must be based on properly prepared IFRS statements.
- Banks and investors rely on IFRS statements to assess your business.
Reporting standards per IFRS and the UAE Federal Tax Authority (tax.gov.ae).
03How Hudson & Nova helps
We turn your books into statements that stand up anywhere:
- Prepare IFRS-compliant balance sheet, profit-and-loss and cash-flow statements.
- Ensure they meet audit, bank and FTA requirements.
- Reconcile them to your books and Corporate Tax position.
- Deliver clear, decision-ready reporting you can rely on.
Frequently asked
Which standard do you use?
Are these suitable for a bank loan?
Do the statements link to my Corporate Tax?
This page is general guidance based on current UAE regulations and is not a substitute for professional advice. Contact Hudson & Nova for advice specific to your business.
Get financial statements that meet every requirement.
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