The Profit and Loss Statement (P&L) shows profitability over a period. The Balance Sheet shows financial position at a point in time. The Cash Flow Statement explains how cash moved during the period, reconciling from opening to closing bank balance. Together, these three are required for UAE corporate tax filing, statutory audits, bank loan applications, and investor due diligence. They must be prepared under IFRS in the UAE, and for most businesses, must be audited annually.
See also: Profit and Loss Statement (P&L), Balance Sheet, IFRS
