🇦🇪UAE

متطلبات IFRS لقوائم مالية المنظمات غير الربحية

2 verified sources

Definition

Fund accounting requires IFRS-compliant statements with line-by-line aggregation and intra-group eliminations for tax groups; non-profits in groups face mandatory audits, with failures leading to penalties.

Key Findings

  • Financial Impact: AED 20,000+ audit fees; 40 hours/month manual IFRS adjustments; AED 10,000 late penalties
  • Frequency: Annual filings; 7-year record retention
  • Root Cause: Manual restricted fund tracking incompatible with IFRS revenue recognition and asset segregation

Why This Matters

This pain point represents a significant opportunity for B2B solutions targeting Non-profit Organizations.

Affected Stakeholders

Financial Controller, External Auditor, Tax Manager

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Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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