Every business may face financial reporting or accounting challenges when preparing its financial statements. In Lebanon’s evolving economic and regulatory environment, the application of International Financial Reporting Standards (IFRS) requires technical precision, structured analysis and practical judgement.

BDO Lebanon combines 90+ years of auditing and consulting experience with deep technical IFRS expertise to support clients in delivering accurate, compliant and decision-useful financial information.

IFRS in a Hyperinflationary Environment

Lebanon has been classified as a hyperinflationary economy for IFRS purposes. This requires entities whose functional currency is the Lebanese pound to apply IAS 29 – Financial Reporting in Hyperinflationary Economies, restating financial statements to reflect current purchasing power.

Our team assists companies in applying IAS 29 correctly and consistently, including the restatement of comparative periods and coordination with multinational parent companies for consolidation under IAS 21. We ensure technical compliance while maintaining clarity and transparency for stakeholders, lenders and foreign investors.

Technical IFRS Advisory and Implementation

Our IFRS specialists provide support across a wide range of accounting and reporting matters, including:

• Interpretation and application of complex IFRS standards;
• First-time adoption of IFRS and transition projects;
• Implementation of newly issued standards and amendments;
• Accounting position papers and technical memoranda;
• Fair value measurement under IFRS 13, including Level 3 inputs;
• Consolidation and group reporting advisory.

Supporting Export-Oriented and International Groups

Export-driven companies, pharmaceutical businesses, international holdings and cross-border groups require IFRS reporting that meets global expectations. Our IFRS advisory services are aligned with international standards and designed to support businesses engaging with overseas investors, lenders and regulatory authorities.

We work closely with finance leaders to strengthen reporting frameworks, enhance internal controls and ensure financial statements withstand technical review at both local and international levels.

Ongoing IFRS Support and Training

Beyond technical advisory, we provide continuous support and tailored training programmes to finance teams, helping them stay up to date with IFRS developments and maintain consistent reporting practices.

Our objective is not only compliance, but clarity — enabling management to make informed decisions in a complex and dynamic environment.