Cera expert has been providing Financial Accounting and Reporting services in Dubai and UAE for the last so many years. Financial accounting is the course of concocting the financial statements of a company. It is a particular branch of accounting that keeps a trail of the pecuniary transactions of a business. The purpose is to show the company’s financial presentation and status to investors, creditors, suppliers, government agencies, and clients.

By means of homogeneous strategies, Cera documents abridge and offer the transactions in a Financial Report or Financial Statement. This gives comprehensive accounts and predictions for managers of the company.

The UAE Commercial Companies Law No 2 of 2015, which came into force on 1 July 2015, needs to apply international accounting standards and practices when preparing their accounts. IFRS Standards are obligatory by the listing rules of NASDAQ Dubai.

The main purpose of accounting and financial analysis reporting is to display an accurate and fair picture of the financial affairs of the business. Cera takes the following steps to help a company complete its Accounting and Financial Analysis Reporting process.

1. Double Entry System: Cera helps the company prepare the double-entry system. The double-entry system of accounting or bookkeeping means that for every business transaction, the sums must be recorded in a minimum of two accounts. In this system, the sums recorded as debits must be equal to the sums recorded as credits. Proper data entry is the prime responsibility for accurate reporting.

As stated by the rule of debit and credit, debit the account when an asset increases; and credit the account when liability increases.

2. Ledger Entry: A Ledger Entry is a recorded statement of the business transactions of a company.

It should include: –

• The correct date 
• The totals to be debited and credited
• The account of the transaction 
• A unique reference number (URN)

Cera prepares the Ledger Entry on the bases of the debit and the credit of the accounts and ensures proper and accurate closing of ledgers as per the requirement of the management reporting.

3. Trial Balance: Cera prepares the trial balance for the company after preparing the Ledger. A trial balance is the list of all the general ledger accounts of both revenue and capital recorded in the ledger of a business. This list covers the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account carries either a debit balance or a credit balance.

4. Financial Statements: Finally, after collecting all the relevant data, Cera goes for the Financial Statement preparation for the company.  Cera also offers Finalization of Financial Statement Services to help clients verify their accounting records for better financial planning.