Accounting Advisory Services

Our advisers in Dubai also assist clients to restructure their business in terms of finance and make strategies which will help their company to achieve strategic and financial goals through implementing latest and updated accounting standards and regulations in the organization.

After the implementation of VAT in UAE, it is extremely important to follow accounting standards in order to avoid any fines and penalties of VAT from the authorities.

Accounting advisory services

Companies are constantly evolving and can face complex financial reporting challenges, arising from business changes (i.e. acquisitions, disposals, financing and equity issues) and development of the regulatory environment (i.e. accounting standards, listing rules, company law). It’s vital that companies understand the financial reporting impact of entering into a transaction or contract and the options available to help them reach the best commercial decision that allows the business to grow and achieve more.

Financial reporting is increasingly complex and, given the growing publicity around high profile accounting scandals, it is more important than ever to correctly interpret and apply accounting standards to drive appropriate decision-making, boost productivity, and increase levels of trust and transparency with stakeholders.

Accounting for complex transactions, navigating new and existing standards and developing memos for accounting positions can overload finance departments. We understand what auditors look for and can help you with the preparation of robust memos, accurate calculations and models to support you through your audit process.

How we can help

Our accounting advisory team may provide:

• Day-to-day support through an on-call service for ad hoc queries
• Event driven, one-off projects or secondment style arrangements for specific assignments, providing support to technical and resource-constrained finance teams

There are many situations where support from accounting advisory specialists can help:

Accounting and assurance support

• Consultation on the impact of complex accounting issues
• Transaction accounting support and advisory, including accounting implications and journal entries linked with business combinations, re organizations, disposals and purchase price allocations
• New accounting standards, including impact assessment, understanding of transition options, and development of implementation plans (IFRS 9, IFRS 15, IFRS 16)
• GAAP selection and conversions (FRS 102 or IFRS)
• Review of historical financial information as part of a listing process
• Development and review of accounting policies
• Preparation of consolidation models
• Cash flow preparation
• Assurance and agreed upon procedures

Financial reporting support

• Year-end and month-end financial statement close processes
• Disclosure note drafting
• Support with front-end narrative reporting (Directors reports, Strategic reports)
• Technical accuracy review of financial statement for potential issues
• KPI development and assurance
• Competitor benchmarking
• Governance and control environment support
• Selection and application of appropriate Corporate Governance Code (UKCG code, QCA code)
• Control and process reviews
• Control recommendations
• Quantification of errors arising from control environment failures

How can we help?

Our accounting advisory services in Dubai provides a wide range of transactional services to simplify the accounting issues.

Our Accounting consultantsare proficient in all types of technical and complex accounting issues like tax, combine accounting, valuation, integration and financial reporting analysis.