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ARTICLE · 31 JULY 2019

Example Financial Statements 2019

The preparation of financial statements in accordance with International Financial Reporting Standards (IFRS) is challenging

United Arab EmiratesAccounting and Audit

The preparation of financial statements in accordance with International Financial Reporting Standards (IFRS) is challenging. Each year, new Standards and amendments are published by the International Accounting Standards Board (IASB) with the potential to significantly impact the presentation of a complete set of financial statements.

We can help you with this challenge and are pleased to share our insights by publishing  Example consolidated financial statements 2019 [ 692 kb ] (Example Financial Statements).

The Example Financial Statements are based on the activities and results of Illustrative Corporation and subsidiaries - a fictional consulting, service and retail entity that has been preparing IFRS financial statements for several years. The form and content of IFRS financial statements depend on the activities and transactions of each reporting entity.

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