What are the requirements in the UAE for accurately reflecting office leases in IFRS accounting?
Leases are accounted for under IFRS 16: recognition of a right-of-use asset and a liability. A lease agreement, discount calculation, and accounting treatment are required. Xcella maintains IFRS accounting and prepares accurate journal entries.
Related Topics
Accounting, bookkeeping & reporting
What is the best way to restore missing accounting records before an audit?
Accounting, bookkeeping & reporting
How do I prepare a profit and loss statement for a business in the UAE?
Banking & KYC
How do I unblock international payments in UAE banks?
Banking & KYC
How does Xcella handle bank reconciliations for multi-currency UAE businesses?
Company registration and business support in the UAE
From business registration to comprehensive support.
Structuring and licensing
From connecting to UAE banks to transaction support.
Banks and compliance
Resident visas, licenses, permits and support.
People, status, documents
If you still have any questions, please contact us.
Location:
Office 1701,
Al Shafar Tower 1,
Barsha Heights,
Dubai, UAE
Office 1701,
Al Shafar Tower 1,
Barsha Heights,
Dubai, UAE
© 2024 XCELLA. All rights reserved
E-mail:
info@xcella.ae
info@xcella.ae
Fill out the form below
We will contact you as soon as possible.
By submitting your request, you agree to the site's privacy policy.
