Accounting — IFRS Financial Statements
IFRS-compliant financial statements are the format banks, investors and auditors actually expect — not a simplified local report. FMCA prepares full IFRS-format statements (balance sheet, income statement, cash flow statement, notes) for UAE and KSA businesses that need to raise financing, satisfy an audit, or file UAE Corporate Tax on numbers built to a standard every counterparty recognizes.
Reviewed by FMCA's Senior Accounting Advisory Team — CPAs and former Big Four auditors serving 500+ UAE and KSA SMEs.
A full three-statement package, not a summary — built to the standard banks, investors and auditors actually check.
Assets, liabilities and equity presented to IFRS structure and classification standards, not a simplified local layout.
The full statement package — not just a profit-and-loss summary — including a properly classified cash flow statement.
The disclosures banks and auditors actually check — accounting policies, significant judgments, related-party notes — not boilerplate.
Statements structured for a smooth external audit from the outset — not reformatted under pressure once an auditor asks for changes.
A simplified local report might satisfy internal tracking — it rarely satisfies the people who actually ask to see it.
A facility application built on a simplified local report gets sent back for reformatting — or declined outright.
Investors expect IFRS as the baseline — anything else raises a flag before the numbers are even reviewed.
Statements not built to IFRS from the start mean more auditor adjustment time — billed to you, not absorbed by the auditor.
This is why FMCA builds statements to IFRS from the first cycle: the same records that already feed your bookkeeping are carried straight through into a statement set that survives a bank, an investor, or an auditor's first read.
A valuation number and a tax number are rarely the same number — conflating the two causes real problems later.
Our Approach
Statements prepared by someone who's never sat on the other side of an audit tend to need rework. FMCA's IFRS statements are prepared by CPAs and former Big Four auditors who know exactly what an external auditor checks first — because they used to be the ones checking.
How We Work
Illustrative scenarios based on the kind of work we do — not descriptions of specific named clients.
Full IFRS balance sheet, income statement and cash flow statement prepared for a newly formed entity ahead of its first bank facility application.
Moved from spreadsheet tracking to monthly IFRS-compliant statements within one quarter, ahead of a bank facility application.
Statements restructured to IFRS presentation standards ahead of a scheduled external audit, reducing the auditor's adjustment list to a handful of minor notes.
Explore Further
Dedicated pages covering the full scope of related work — explore each in depth.
FAQ
If you plan to raise financing, apply for a bank facility, or want your UAE Corporate Tax filing built on defensible numbers, IFRS-format statements are the standard expected by every one of those counterparties — not an optional upgrade.
A balance sheet, income statement, cash flow statement, and the notes disclosing accounting policies and significant judgments — the full package, not a single summary page.
A P&L is one part of a much larger package. IFRS statements add the balance sheet, cash flow statement and required disclosures, presented to a format banks and auditors specifically recognize.
Yes — we review the existing records for completeness first, then build the statement set from them. Gaps get flagged before the statements are finalized, not after.
Yes — Corporate Tax filings are only as accurate as the books behind them, and FMCA's tax and accounting teams work from the same reconciled records.
Tell us where things stand and a senior consultant will get back to you directly — not a call centre.
