Financial Statements
In today’s fast-paced and competitive business environment, having accurate, clear, and professionally prepared financial statements is not just a best practice — it’s a fundamental necessity. These reports serve as the backbone of critical decision-making, whether you’re evaluating your company’s financial performance, attracting investors, applying for loans, or fulfilling the UAE’s ever-evolving regulatory and tax obligations.
At Almalia Consulting FZCO, we go beyond simple number-crunching. Our experienced team prepares comprehensive, audit-compliant financial statements tailored to your business structure, sector, and goals. Each report is designed to provide an honest, in-depth snapshot of your company’s financial standing — empowering you to make informed, strategic decisions with confidence.
From small enterprises to growing corporations, we ensure your financial reporting supports compliance, inspires trust, and drives sustainable growth.
Documents required to prepare financial statements?
1. Trade License Copy & Company MOA/AOA – Your valid UAE Trade License confirms your business activity and registration, while the Memorandum and Articles of Association (MOA/AOA) provide insight into your ownership structure, shareholding, and the nature of your legal entity — whether it’s a free zone, mainland, or offshore company.
2. Passport & Emirates ID Copies of Owners or Partners
We require identification documents of all shareholders, directors, and authorized signatories to ensure proper due diligence, ownership disclosures, and compliance with UAE financial reporting regulations.
3. Company Bank Statements & Reconciliations
Monthly or quarterly bank statements are essential to verify cash balances, incoming payments, and outgoing expenses. Reconciliations help identify discrepancies and ensure accuracy in your financial reporting.
4. Sales Invoices & Detailed Revenue Records
We collect sales invoices and supporting revenue records to accurately report business income and apply the correct VAT treatment. This data directly feeds into the income statement (profit and loss account).
5. Purchase Invoices & Expense Receipts
Expense documents and supplier invoices provide clarity on operational costs, cost of goods sold, and administrative expenditures. They help in calculating net profits and identifying VAT input credits.
6. Payroll Records & Staff Compensation Reports
To properly account for salary expenses, end-of-service benefits, gratuities, and WPS reports, we require detailed payroll data. This ensures compliance with UAE labor laws and accurate recognition of employee-related costs.
7. Inventory Reports (if applicable)
If your business involves trading or manufacturing, up-to-date inventory reports are required to determine the value of stock on hand, cost of goods sold, and inventory changes — critical for preparing the balance sheet and profit & loss account.
8. Loan Agreements & Lease Contracts
Documentation of any business loans, financing agreements, or long-term leases helps in identifying liabilities, calculating interest expenses, and reporting leased asset values in the financial statements.
9. Previous Financial Statements or Trial Balance
Having access to your prior period trial balance or audited financials enables us to ensure continuity in your accounts, carry forward balances correctly, and make appropriate year-on-year comparisons.
10. Fixed Asset Schedules & Depreciation Details
A fixed asset register and depreciation schedule help us record the value of long-term assets, apply depreciation policies in line with IFRS, and reflect asset impairment or disposal events.
11. Details of Existing Loans, Credit Lines, or Liabilities
A list of all outstanding debts, credit facilities, and liabilities — including their terms, interest rates, and repayment schedules — is essential for accurately presenting your company’s financial obligations.
How Almalia Consulting FZCO Helps You with Financial Statement Preparation
1. Initial Review & Data Gathering
We begin by conducting a comprehensive review of your existing accounting records, ledgers, and financial documentation. Our team ensures that all necessary data — from bank statements and invoices to fixed asset details — is collected and organized. This thorough groundwork guarantees that your financial statements are accurate, complete, and aligned with UAE reporting standards.
2. Professional Financial Statement Preparation
Using your validated data, we prepare your Profit & Loss Statement, Balance Sheet, and Cash Flow Statement in accordance with International Financial Reporting Standards (IFRS) and UAE compliance frameworks. Each report is meticulously structured to reflect your financial performance, position, and liquidity — providing a complete snapshot of your business health.
3. Detailed Schedules & Explanatory Notes
To enhance transparency and usability, we include supporting schedules such as fixed asset registers, depreciation summaries, loan amortization tables, and inventory breakdowns. Explanatory notes are also added to clarify accounting treatments, assumptions, and disclosures — making your financial statements easy to understand for auditors, banks, and stakeholders.
4. Audit-Ready & FTA-Compliant Reports
Our statements are designed to meet the expectations of external auditors, free zone authorities, financial institutions, and the Federal Tax Authority (FTA). This reduces the risk of penalties, audit delays, or investor concerns, and ensures your books are ready for any regulatory or compliance checks.
5. Strategic Analysis & Financial Advisory
Beyond compliance, we help you interpret the numbers. We walk you through key financial ratios, trends, and variances, offering insights on how to optimize profitability, reduce costs, and manage cash flow. Whether you’re planning for growth, seeking funding, or evaluating performance, our guidance helps you make data-driven decisions.
Why Choose Almalia Consulting FZCO for Financial Statement Preparation?
1. Experienced UAE-Based Accountants
Our team comprises qualified accountants and financial professionals with years of hands-on experience across various UAE industries — including real estate, retail, logistics, manufacturing, healthcare, and technology. We understand the unique nuances of UAE accounting standards, FTA expectations, and sector-specific reporting requirements. Whether you operate in the mainland, a free zone, or offshore, we ensure your financial statements are structured to reflect local compliance and global best practices.
2. Clear, Accurate, and Transparent Reporting
At Almalia, we believe clarity is power. Our financial statements are meticulously prepared, with clean layouts, consistent formatting, and detailed supporting notes. We transform raw financial data into meaningful, easy-to-understand reports that give you — and your stakeholders — complete confidence in the integrity and performance of your business.
3. Bank-Ready and Investor-Friendly Documentation
Looking to secure a business loan, attract investors, or apply for trade credit? Our professionally prepared financial statements meet the due diligence standards of banks, venture capital firms, private equity groups, and regulatory bodies. From clear profit and loss summaries to structured cash flow analysis and balance sheets, we position your business as reliable, transparent, and financially sound.
4. Fully Compliant with UAE Laws & FTA Requirements
Every financial statement we prepare is crafted with regulatory compliance at the core. We align our work with International Financial Reporting Standards (IFRS) and UAE accounting laws to ensure your statements are ready for any FTA audit, tax filing, corporate restructuring, or legal review. No shortcuts. No surprises.
5. More Than Just a One-Time Service
We don’t just prepare your year-end reports and walk away. Almalia Consulting becomes your long-term financial partner, offering ongoing support in accounting, bookkeeping, corporate tax planning, VAT compliance, and financial advisory. Our mission is to empower your business with the financial clarity it needs to grow, adapt, and thrive in the UAE’s dynamic economy.
Frequently Asked Questions
Why do I need financial statements?
They help you understand profits, manage cash flow, attract investors, secure bank loans, and meet legal obligations.
How often should I prepare them?
At minimum annually for compliance, but quarterly or monthly helps manage your business more proactively.
Are your statements accepted by auditors & banks?
Yes. We prepare statements in line with UAE standards that auditors, banks, and investors trust.
Can you also handle my accounting and bookkeeping?
Absolutely. We can manage your day-to-day accounting so your financial statements are always based on clean, up-to-date books.
How do we start?
Contact us for a consultation. We’ll review your records and prepare a financial statement package tailored for your business.
