Accurate records. Clear reporting. Informed decisions.
Bookkeeping, financial statement preparation and multi-framework reporting tailored to your business and compliance needs.
Reliable financial information is the foundation of every business decision — and every regulatory filing. ZAFCA's accounting and financial reporting practice helps organisations maintain accurate books, prepare compliant financial statements and navigate the increasingly complex landscape of accounting standards. Whether your reporting framework is IFRS, US GAAP or local GAAP, our team brings the technical knowledge to get it right.
Our accounting and reporting services
We offer a full suite of accounting support — from day-to-day bookkeeping and reconciliations to the preparation of complete financial statements under multiple frameworks. Our approach is always pragmatic, standards-driven and tailored to the size, complexity and reporting objectives of each client.
Bookkeeping and records management
Accurate and timely bookkeeping is essential for compliance, cash-flow visibility and management reporting. We maintain general ledgers, accounts payable and receivable sub-ledgers, bank reconciliations, fixed asset registers and intercompany accounts — using client-preferred platforms or our own secure accounting infrastructure. Our bookkeeping services can be delivered on-site, remotely or as part of a broader outsourcing arrangement.
IFRS financial reporting
As Pakistan continues its convergence journey with International Financial Reporting Standards, businesses face evolving requirements under IFRS 9 (Financial Instruments), IFRS 15 (Revenue from Contracts with Customers) and IFRS 16 (Leases). Our IFRS specialists stay current with IASB pronouncements, IFRIC interpretations and local adoption timelines issued by ICAP and SECP. We prepare IFRS-compliant financial statements, advise on first-time adoption, and provide technical accounting opinions on complex transactions — from hedge accounting and expected credit loss modelling to contract modification analysis under IFRS 15.
US GAAP and local GAAP reporting
For subsidiaries of US-parented groups, foreign private issuers and entities that report under US GAAP, we prepare financial statements and disclosures that meet SEC and FASB requirements. Equally, we support clients who report under local Pakistani GAAP — including the Fourth Schedule to the Companies Act, 2017 and SECP-notified accounting and financial reporting standards — ensuring full compliance with statutory formats and disclosure checklists.
Group reporting and consolidation
Groups with multiple subsidiaries and cross-border operations face particular challenges around consolidation, elimination entries, foreign currency translation and minority interest calculations. We prepare consolidated financial statements, group reporting packs and management accounts that give parent-entity management, boards and external stakeholders a clear, accurate picture of group-wide financial performance and position.
Dual-currency and multi-currency reporting
Many of our clients operate in multiple currencies — maintaining books in PKR while reporting to overseas parents or lenders in USD, GBP, EUR or AED. We design and operate dual-currency accounting systems, manage foreign exchange revaluation, and prepare reporting packages that bridge local statutory accounts with group reporting requirements, ensuring consistency and transparency throughout.
Financial statement preparation and review
From compilation engagements to the preparation of full statutory financial statements — including statement of financial position, statement of profit or loss and other comprehensive income, statement of changes in equity, statement of cash flows and explanatory notes — we deliver disclosure-compliant, audit-ready outputs. For entities that require a lighter touch, we also offer financial statement review services that provide limited assurance on the accuracy of the reported numbers.
- General ledger maintenance, AP/AR and bank reconciliations
- IFRS financial statement preparation — including IFRS 9, 15 and 16
- US GAAP and local Pakistani GAAP reporting
- Group consolidation, elimination entries and minority interests
- Dual-currency and multi-currency accounting and reporting
- Fixed asset register maintenance and capitalisation reviews
- Technical accounting opinions on complex transactions
- Compilation and review engagement services