Can a foreign company having Financial Statement in a foreign Currency Present its report in Local Currency -AED representing its Local Unit?.

Question

Mohammad Ashfaq · Answer

Sure, if assumed so.
However, the financial reporting framework/standards under which the financial statements are prepared should be considered for whether it is acceptable to local authorities.

Mohammed Salim Allana · Answer

Yes, it is all depend upon the local UAE regulatory instructions, all reporting should be in AED.

The company can have two or three sets of internal management accounts in different currencies with different scenario.

Asad Ullah masood · Answer

Yes, If the Company is Using any  STANDARD ACCOUNTING SOFTWARE, which have the Application of exchange rate for currency,

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Can a foreign company having Financial Statement in a foreign Currency Present its report in Local Currency -AED representing its Local Unit?.

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