What is accounting's significance?

Accounting is essential to running a company because it allows you to track costs and revenues, maintain statutory compliance, and offer quantifiable financial information to shareholders, management, and the authorities that can be used to make business choices.

What is the true meaning of accounting?

The American Institute of Certified Public Accountants defined accounting in 1961. Accounting entails the recording of monetary operations, as well as their storage, sorting, retrieval, summarization, and presentation in various reports and analyses.

What role does account play in everyday life?

Everyone is interested in learning about the role of accounting in preserving monitory activities, documenting, classifying, and summarizing data but only a few are interested in learning about the role of accountancy in our daily lives.

Is accounting a priority for you?

Yes. The institution has formed agreements with businesses to ensure that students receive proper training and are organically incorporated into professional employment upon graduation.

Home > IFRS Financial (In Report Segment)

IFRS Financial (In Report Segment)

Name: International Financial Reporting Standards (IFRS)
Brand: SNR Associates

Our experts maintain your financial records according to IFRS.

International Financial Reporting Standards (IFRS) are constituted of reporting the financial performance of the company in a standardized way. As per the norms and conditions of the IFRS, an SNR Associate follows the standard format for preparing the financial statements for every business firm. SNR Associates came up with an experienced IFRS advisory service team. We have come up with universal accounting standards for higher transparency and accuracy of financial records. In the UAE, it is necessary to accept the standards of IFRS. We present insightful business advice and strategies.

We maintain your financial status by keeping receipts, expenditure, compensation, and the entire expected turnover updates regularly. Likewise, we provide bookkeeping services to help firms with following the expenses to secure effective financial management. For bookkeeping services, we follow the standards stated by International Financial Reporting Standards (IFRS). SNR Associates offer top-quality services and also deliver some financial consultation to the clients.

SNR Associates will maintain the financial requirements of a firm and will devise all the financial records of a firm according to IFRS. Our financial reporting experts are experienced with reporting and other accounting frameworks. We assist the clients with the most recent updates of IFRS. We are happy to partner with you!

Frequently Asked Questions

Why is IFRS mandatory for a business firm?

International financing reporting standards (IFRS) is the standardization of common accounting rules for the accounting statement of the firms that can be deliberate to compiling them accordant, transpicuous, and can easily be commensurate throughout the world.

What are the objectives of IFRS?

The main objectives of IFRS are to instigate a general interest, an exclusive set of top quality, comprehensible, legitimate, and internally accepted IFRS are determined upon interlocked concepts, to advance the utilization and conscientious appeal of the IFRS standards.

Why IFRS is necessary?

IFRS is necessary because it devises pertinent constituents intricate in cosmopolitan commerce analogous and more transpicuous. IFRS alleviates the free-flow of transactions by formulating the commercial trade extra clear and explicable.

How do SNR Associates maintain the financial status of any firm?

We help you by collecting the records of financial transactions and turning them into financial statements such as balance sheets and income statements. Along with that, we enable bookkeeping services for confirming the employee’s invoices filling, and keeping track of daily transactions.