IFRS Convergence.Migration of accounts to IFRS standards.

Why this matters

Most UAE companies report under IFRS. The bigger conversion projects now are firms moving from legacy local GAAP, family groups consolidating onto a unified IFRS basis ahead of a transaction, and entities adopting newer IFRS standards (IFRS 16, IFRS 17, IFRS 9) for the first time.

What's inside

7 engagements under IFRS Convergence, each with a dedicated page. Click any for the full brief.

Gap Assessment

Current accounting policies against IFRS, with the policy-by-policy gap and the financial-statement effect of each.

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Conversion Project Management

The conversion runs as a project: workstreams by standard, internal capability assessment, system changes, and the parallel-reporting period before the cutover.

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IFRS 9 Financial Instruments

ECL model design for trade receivables and other financial assets in scope, classification of financial assets under the business-model test, and the hedge-accounting documentatio…

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IFRS 15 Revenue

Performance-obligation identification, transaction-price allocation, and the timing of revenue recognition.

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IFRS 16 Leases

Right-of-use asset and lease-liability recognition, the modification accounting for the inevitable contract amendments, and the disclosure pack the standard requires.

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IFRS 17 Insurance Contracts

For insurers and entities with significant insurance-contract exposure, the IFRS 17 conversion is a multi-year project.

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Disclosure and Transition Notes

The disclosure pack for the transition financial statements, including the reconciliation between previous GAAP and IFRS at the transition date.

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First time?

Read our step-by-step guides before you engage. Or speak to a partner.

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