Transformation of financial statements

In international practice, the financial statements are the visit card of a company and very important source of information for foreign partners. This factor is extremely important for attracting international funding. To participate in these projects, the company should provide high-quality financial information. It should be noted that the financial statements prepared in accordance with international standards, is one of the basic requirements for funding from foreign banks. It is also a compliance requirement for the companies that are listed on stock exchanges.

Transition to International Financial Reporting Standards in accounting is no longer unique practice among Ukrainian companies, but rather a necessary condition for the effective operation and timely issuance of management reports to both internal and external users.

Transformation in practice is the use of national accounts’ data with its further adjustment aimed at addressing the fundamental differences between national accounting standards and IFRS rules.

“ERFOLG und GENAU” offers industry-specific solutions to transform the financial statements, prepared in accordance with the Ukrainian accounting standards to the financial statements prepared in compliance with IFRS.

The preparation of financial statements in accordance with international standards requires a deep knowledge of both Ukrainian and international accounting principles and rules of financial reporting.

Our company possesses a deep knowledge of the Ukrainian legislation, as well as experience in the application of the best international practices, which enable us to provide high quality and timely professional assistance in the application of IFRS.

Our company provides you with the following services:

  • Transformation of financial statements prepared in accordance to Ukrainian Accounting Standards (UAS) to the statements prepared in compliance with IFRS;
  • Preparation of stand-alone and consolidated financial statements;
  • Development and installation of the system of accounting and reporting under IFRS, including the development of accounting policies, methods of consolidation, reporting layout, etc.;
  • Advising on the application of IFRS.

 

IFRS financial statements - a new step in the development of your business!

With a background of years of experience we will help you to prepare high-quality financial information as to reveal the unique positive aspects of your company, to create an effective system of accounting, planning and usage of the information presented in financial statements.