# IFRS Studies & Impact Assessments in Dubai

> Understand how a reporting question or accounting change may affect your financial information.

Category: Accounting, bookkeeping & audit support.

## Overview

A new transaction, change in business model or reporting question can affect how information is presented in financial statements. Before deciding what to change, it is useful to establish the facts and identify the relevant accounting issue.
TGA lists IFRS studies and impact assessments among its services. We can help review the transaction or change, examine the available records and set out potential reporting effects for management to consider.

## Where TGA can help

- **Issue definition:** Describe the transaction, event or policy question and the reporting period it affects.
- **Evidence review:** Gather agreements, calculations, prior treatment and management explanations relevant to the issue.
- **Impact assessment:** Identify the areas of financial reporting that may require analysis, adjustment or disclosure.

## How we work

1. **Define the question:** We establish the facts and scope of the study.
2. **Assess the effect:** We consider the reporting areas potentially affected.
3. **Explain the outcome:** We present the analysis and matters requiring management decision.

## Useful information to share

- Description of the accounting question
- Relevant contracts and transaction records
- Current accounting policy or prior treatment
- Draft statements or management reports

IFRS treatment depends on the complete facts and applicable standards. Any final accounting position should be assessed in the context of the full financial statements.

## Official guidance

- [Issued IFRS Accounting Standards (IFRS Foundation)](https://www.ifrs.org/issued-standards/list-of-standards/)

Contact: [TGA website](https://www.tga-uae.com/#contact), kintu@tga-uae.com, or +971 56 921 0222.