Financial Statements · Bahrain
Year-end accounts, prepared properly and ready to audit.
SRR prepares full IFRS-compliant financial statements for businesses in Bahrain, with the year-end adjustments, the disclosures, and the supporting schedules an auditor will expect.
What We Handle
The full set, not just the numbers.
Most self-prepared accounts fail on presentation and disclosure rather than on the arithmetic. That is the part we get right.
- Statement of financial position, profit or loss, and cash flows
- Statement of changes in equity and supporting notes
- IFRS-compliant presentation and disclosures
- Year-end adjustments, accruals, and provisions
- Supporting schedules for every material balance
- Audit-ready working papers to hand to the auditor
Who It Is For
Where businesses usually come to us.
Your year-end is due
The books exist, but nobody has turned them into a proper set of financial statements that meets the standard.
You are heading into an audit
The auditor needs statements and supporting schedules to audit. Handing over a trial balance and hoping is an expensive way to start.
A bank or investor has asked for accounts
A lender or investor wants proper financial statements, not a management report exported from the accounting software.
Your in-house team needs the technical layer
You have a bookkeeper or finance team, but nobody who can handle the IFRS presentation, disclosures, and judgements.
How It Works
From trial balance to audit-ready statements.
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Review the position
We start from your trial balance and records, and identify what is missing, unreconciled, or misstated before we build anything on top of it.
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Close the year properly
We post the year-end adjustments: accruals, prepayments, provisions, depreciation, and any corrections the review has surfaced.
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Prepare the statements
We prepare the full set of financial statements with IFRS-compliant presentation, the required notes, and the disclosures that go with them.
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Hand over audit-ready
You receive the statements together with supporting schedules and working papers, so the auditor can get straight to auditing.
Common Questions
Financial statements, answered.
What is included in a full set of financial statements?
A statement of financial position, a statement of profit or loss and other comprehensive income, a statement of changes in equity, a statement of cash flows, and the accompanying notes and disclosures. The notes are not an afterthought. Under IFRS they carry a great deal of the required information.
Do the statements have to follow IFRS?
Financial statements in Bahrain are prepared under International Financial Reporting Standards. That governs not just the numbers but the presentation and the disclosures, which is the part businesses most often get wrong when they prepare their own.
Is this the same as an audit?
No. We prepare the financial statements. An audit is a separate engagement in which a registered auditor examines those statements and issues an opinion on them. Preparing and auditing the same statements are distinct roles.
Can you prepare statements if our bookkeeping is behind?
Yes, but the bookkeeping has to be brought up to date and reconciled first. There is no way to produce reliable financial statements from records that are incomplete, and we will not pretend otherwise.
Will the auditor accept your working papers?
That is the intention. We prepare the supporting schedules and working papers in the form an auditor expects, which is what shortens the audit and keeps the fee down.
Part of our wider services for businesses in Bahrain and the GCC. See also audit support and bookkeeping in Bahrain.
Get your year-end done properly.
A short call is the quickest way to hand over the year-end accounts and go into the audit prepared.