GAAP vs IFRS Accounting for UAE Businesses
Understanding the differences between IFRS, UAE GAAP, and non-GAAP accounting is essential for businesses operating in the UAE. While IFRS is the global standard adopted by most companies for transparency and compliance especially after Ministerial Decision 114 of 2023 UAE GAAP remains relevant for firms dealing with U.S. stakeholders. Meanwhile, high-growth startups in Dubai and beyond are increasingly using non-GAAP financial measures like EBITDA to present a clearer picture to investors. This guide breaks down each framework, their use cases, and how to stay compliant under new UAE corporate tax rules.
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