Financial Statement Preparation
Financial Statement Preparation Services in Dubai,UAE
What is Financial Statement Preparation?
Financial statement preparation involves organizing and presenting a company’s financial data in a structured, compliant, and standardized format. These statements are essential for:
Fulfilling UAE Commercial Companies Law requirements
Complying with FTA regulations, especially for VAT and Corporate Tax
Submitting to Free Zone authorities like DMCC, DIFC, or RAKEZ
Assisting banks, investors, and auditors in decision-making
At AEY Auditing, we prepare financial statements in line with International Financial Reporting Standards (IFRS) and ensure they are ready for external audit or submission to regulatory bodies.
Key Components of Financial Statements We Prepare
AEY prepares complete sets of financial statements, including:
- Statement of Financial Position (Balance Sheet)
- Statement of Profit or Loss and Other Comprehensive Income
- Statement of Changes in Equity
- Statement of Cash Flows
- Notes to the Financial Statements
- Management Reports or Custom Schedules (as needed)
These are tailored for corporate tax filing, FTA VAT review, investor presentations, and statutory audits.
Why Financial Statement Preparation is Essential in UAE
Purpose | Impact |
FTA & Tax Compliance | Supports VAT and corporate tax assessments |
Audit-Readiness | Facilitates statutory or special purpose audits |
Regulatory Submissions | Mandatory for Free Zone license renewals |
Bank Loan Applications | Increases creditworthiness and transparency |
Investor Due Diligence | Builds trust and financial clarity |
Our Financial Statement Preparation Process
1. Initial Assessment
Review company structure, sector, and compliance status
Identify reporting standards required (IFRS, local GAAP, Free Zone formats)
2. Data Compilation
Collect trial balances, general ledger, and accounting records
Evaluate completeness and accuracy of financial data
3. IFRS Mapping & Adjustments
Apply appropriate IFRS policies
Perform accrual adjustments, depreciation, deferred tax, etc.
4. Statement Drafting
Draft financial reports in a professional, audit-ready format
Add required notes, disclosures, and management commentary
5. Review & Finalization
Review with client’s internal finance team or auditors
Finalize documents for submission, filing, or presentation
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Industries We Serve in Dubai & UAE
Healthcare & Pharmaceuticals
Real Estate & Construction
Manufacturing & Industrial
Financial Services
Tech Startups
Logistics & Transport
Retail & E-commerce
Benefits of Choosing AEY for Financial Statement Preparation in Dubai
- IFRS-Compliant Reporting
- FTA, ESR, VAT, and Corporate Tax Ready
- Custom Formats for Free Zones or Lenders
- Audit-Supportive Statements
- Handled by Qualified Accountants & Auditors
- Quick Turnaround & Confidential Service
Pricing for Financial Statement Preparation
Company Size | Starting Fee (AED) | Delivery Time |
Small Businesses | AED 3 ,000 | 5–7 business days |
Medium Companies | AED 5,000 | 7–10 business days |
Large Enterprises | Custom Quote | Based on volume and scope |
Fees include full report preparation, financial review, and compliance check.
Free Zones
We are approved auditors by the following UAE free zones
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FAQs on Financial Statement Preparation in UAE
Are financial statements mandatory for UAE businesses?
Yes. Under UAE Commercial Companies Law, all entities must maintain proper financial records and submit annual financial statements.
Can AEY prepare financials for Free Zone companies?
Absolutely. We specialize in preparing financials for DMCC, DAFZA, DIFC, ADGM, and others.
Is IFRS compliance required in the UAE?
Yes. Most UAE jurisdictions mandate IFRS-compliant financial statements, especially for audit and tax purposes.