Fees of accounting services in Dubai
You might have noticed that fees of accounting services in Dubai depend on own policy of accounting firms. If you ask fee of our consulting firm is given as below for understanding:
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Preparation Financial Statements as sample
For the Year Ended December 31, 2020
Report on the Financial Statements
We have audited the accompanying financial statements of (company name), which comprises the Statement of Financial Position as of December 31, 2020 (period), the Statement of Profit or Loss, and Statement of Cash Flows for the year from January 1, 2020 to December 31, 2020 then ended and a summary of significant accounting Policies and other relevant explanatory notes. UAE follows International Accounting Std. & Practice (IFRS)
Statement of Financial Position
As of December 31, 2020
#SHAREHOLDERS’ EQUITY AND LIABILITIES
#Statement of profit or loss
#Consolidated Statement of Cash Flows
#Notes to the Financial Statements
#General Ledger Report
The Securities and Commodities Authority of UAE made compulsory with IFRS as stipulated by the Central bank to submit AFS. But the listed companies win NASDAQ is needed to submit financial statement in accordance with International Financial Reporting Std. s (IFRS).
Although it is not compulsory for non-listed companies, but it is suggested to do AFS to avoid complications.
Section of general financial statement in Dubai
Std. 1.1 First-Time Adoption on basis of Accrual
Std. 1.2 Accounting Policies and Changes as Accounting Estimates
Std. 1.3 Presentation of Financial Statements
Std. 1.4 Cash Flow Statements in UAE
Std. 1.5 Related Party Disclosures
Std. 1.6 Presentation of Budget Information in Financial Statements in UAE
Std. 1.7 Events after the Reporting Date
Tangible and Intangible Assets
Std. 2.1 Property, Plant and Equipment
Std. 2.2 Investment Property
Std. 2.3 Intangible Assets
Std. 2.4 Agriculture
Std. 2.5 Lease Contracts
Std. 2.6 Service Concession Arrangements: Grantor
Std. 2.7 Impairment of Cash-Generating Assets
Std. 2.8 Impairment of Non-Cash Generating Assets
Std. 3.1 Inventory
Std. 4.1 Financial Instruments
Std. 4.2 Borrowing Costs
Std. 4.3 Effects of Changes in Foreign Exchange Rates
Objectives of financial statement in Dubai
Our team of accounting services
Our accounting team members are highly qualified and obtained professional degree from Chartered Institute as associate and fellow members (ACA and FCA). And, also you can find information of company registration services in Dubai.
Advantages of freelance accounting services are:
Documents are required to prepare Bookkeeping, Financial Statement and Full Accounting
1. Sales Invoice
2. Purchase invoice
3. Bank statement
4. Payment voucher
5. Salary listing / Pay slip.
6. Statement and receipt of statutory contribution
7. Tenancy agreement (If any)
8. Employment letter for staff
9. Others relevant docs to prepare accounting.
Delivery time of completion of accounting
What are the services under your offered fees?
Balance Sheet, Income Statement, Profit and Loss and General Ledger.
How much does cost of accounting services in Dubai?
Our fee starts from AED 1200 to AED 5000, depend on transactions and others.
How long does it take to prepare full financial statement?
In case of urgent might need 3-5 working days and generally we need 10-15 days.