INTERNATIONAL ACCOUNTING SERVICE : DTAC TAX ACCOUNTING CONSULTANCY FZCO

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International accounting service

Accounting standards around the world are becoming unified under IFRS. In Japan, these days, IFRS is getting adopted as Japanese accounting standards.

IFRS implementation support

We are happy to help you with your IFRS implementation, which will bring numerous benefits to your company such as increased transparency and comparability, compliance with international financial reporting requirements, and a competitive edge in a global business environment. Our team of professionals has a wide range of experience and expertise and can provide comprehensive supports for IFRS implementation. We offer the following services:

IFRS Conformance Assessment and Planning: We assess a company's current accounting systems and financial reporting processes and evaluate their conformance to IFRS. We will help you develop an implementation plan and an effective transition strategy.
Develop and Document Accounting Policies: Develop and document appropriate accounting policies in accordance based on IFRS. This includes selecting key accounting policies, defining disclosure requirements, and establishing internal control procedures.
Training and Education Programs: We provide training programs for accounting departments and stakeholders on the fundamentals and practical application of IFRS. In addition, we also support our clients in keeping up to date with the latest IFRS changes and interpretations through continuing education programs.
Data Conversion and Financial Reporting Preparation: We assist in the preparation of IFRS-compliant financial statements by converting existing financial data into an IFRS-based format. We prepare balance sheets, income statements, cash flow statements, etc. and ensure disclosure requirements are met.

We focus on facilitating the IFRS implementation process by providing customized solutions to our clients' needs and goals.

Preparation of identification of differences
with international accounting standards

Preparation of reporting packages to be submitted by foreign companies to the parent company and communication with the parent company regarding accounting.
Preparation of manuals and other documents related to conversion to international accounting standards.

International accounting standards are an important framework
for improving the quality and comparability of financial information
in a global business environment

International Financial Reporting Standards, IFRS, are international accounting standards that provide standards and guidelines for companies in preparing their financial statements. Here are the main features and explanations of IFRS:

International Application: IFRS was developed by the International Accounting Standards Board, IASB, and has been adopted worldwide. Many countries and regions have adopted IFRS and require that an entity's financial statements be prepared in accordance with international standards.
Principles-Based Approach: IFRS is a principles-based accounting standard, which requires companies to process transactions and disclose financial information based on economic substance. The emphasis is on evaluations based on real economic conditions, such as fair value and mark-to-market valuations.
Tax Planning and Optimization: We provide tax planning for real estate purchases and advice on how to minimize tax burdens. Tax benefits will be maximized by taking advantage of legal avenues and tax saving.
Principal Financial Statements: On IFRS, it is required to prepare the primary financial statements (balance sheet, income statement, statement of cash flows, and statement of changes in equity). These financial statements are an important source of information for clearly presenting an entity's financial position and performance.
Industry-specific Guidance: IFRS also provides guidance for different industries and specific transactions. For example, there are standards and guidelines especially for the industries such as financial institutions, insurance companies, and leasing transactions.

International Financial Reporting Standards are an important framework for improving the quality and comparability of financial information in a global business environment. We will assist you globally.

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Dubai Middle East Tax Support

From June 2023, Dubai will also be subject to corporate taxation. These days, we have been receiving an increasing number of inquiries from companies and others that have not previously followed tax filing procedures. Our team of financial experts solves your concerns, from post-establishment tax filing to general accounting tasks.

Dubai Middle East Tax Support

International Accounting Support

In business transactions between Japan and overseas, profits and losses will change easily due to various reasons such as fluctuations in exchange rates. Based on our experience, we provide support that clients can get the benefit as much as possible.

International Accounting Support