Transformation
of financial statements under IFRS
of financial statements under IFRS
Financial statements under IFRS — simple but affordable within a limited budget
Contact us to get the business proposal
Please leave your contact details, complete a questionnaire form and get a business proposal
Your personal data will not be used for marketing and advertising purposes
Why to conform to IFRS standards?
The universally accepted standard for submission of the IFRS financial statements
Global Market Access
Investor Targeting Strategy
Unlock the opportunities to operate in 100+ markets worldwide with IFRS reporting
Present your Company's financial performance in IFRS
"On Accounting and Financial Reporting."
Preparation of the financial statements – New Line Solutions
Three conceptual approaches – an answer to the complex task
IFRS Reporting Package
Preparation of a full IFRS Reporting Package
The full IFRS Reporting Package will include all the necessary financial statement forms, disclosures and detailed work files that are easy to navigate.
Your Ultimate Benefits
The full IFRS Reporting Package as well as the structured work files to easily trace the shifting of accounting records into the IFRS reporting in the process of transformation.
Financial reporting package
- Statement of financial position
- Consolidated statement of profit and loss and other comprehensive income
- Cash flow statement
- Statement of changes in equity
- Notes to the financial statements
- Management report
- ISRS 4410 "Compilation Engagements"
Work files
- Consolidation and transformation charts
- Files with calculations and adjustments
Financial reporting package
- Statement of financial position
- Consolidated statement of profit and loss and other comprehensive income
- Cash flow statement
- Statement of changes in equity
- Notes to the financial statements
- Management report
- ISRS 4410 "Compilation Engagements"
Work files
- Consolidation and transformation charts
- Files with calculations and adjustments
Statement of financial position
Consolidated statement of profit and loss and other comprehensive income
Cash flow statement
Either separate financial statements or complex calculation under IFRS standards may be ordered.
IFRS Component
Preparation of separate IFRS financial reporting modules
A separate calculation under one of the IFRS standards:
IFRS 1
First-time Adoption
First-time Adoption
Procedures for first-time adopters of IFRS
IFRS: IAS 12
Income Taxes
Income Taxes
Deferred taxes
IFRS: IAS 23
Borrowing Costs
Borrowing Costs
Borrowing costs eligible for capitalisation
IFRS: IAS 16
Property, Plant and Equipment
Property, Plant and Equipment
Revaluation model
IFRS 16
Leases
Leases
Initial and subsequent measurement/remeasurement of:
(a) In the form of a right-of-use asset
(b) A lease liability
(a) In the form of a right-of-use asset
(b) A lease liability
IFRS: IAS 41
Agriculture
Agriculture
Initial and subsequent fair value measurements:
(a) biological assets
(b) agricultural products resulting from biological assets
(a) biological assets
(b) agricultural products resulting from biological assets
Either separate financial statements or complex calculation under IFRS standards may be ordered
Separate financial statements forms
- Statement of financial position
- Consolidated statement of profit and loss and other comprehensive income
- Cash flow statement
A separate calculation under one of the IFRS standards
IFRS 1 First-time Adoption of IFRS Standards
Guidance for first-time adopters of IFRS
IFRS: IAS 12 Income Taxes
Deferred taxes
IFRS: IAS 16 Property, Plant and Equipment
Revaluation model
IFRS: IAS 41 Agriculture
Initial and subsequent fair value measurements:
(a) biological assets
(b) agricultural products resulting from biological assets
IFRS 16 Leases
Initial and subsequent measurement/remeasurement of:
(a) In the form of a right-of-use asset
(b) A lease liability
IFRS: IAS 23 Borrowing Costs
Borrowing costs eligible for capitalisation
Guidance for first-time adopters of IFRS
IFRS: IAS 12 Income Taxes
Deferred taxes
IFRS: IAS 16 Property, Plant and Equipment
Revaluation model
IFRS: IAS 41 Agriculture
Initial and subsequent fair value measurements:
(a) biological assets
(b) agricultural products resulting from biological assets
IFRS 16 Leases
Initial and subsequent measurement/remeasurement of:
(a) In the form of a right-of-use asset
(b) A lease liability
IFRS: IAS 23 Borrowing Costs
Borrowing costs eligible for capitalisation
IFRS Consulting
Support in preparation of financial statements under IFRS
Our team is at your disposal to assist you both in switching to IFRS and in optimization process.
Methodology
- Preparation and updating of accounting policies
- Development of standard templates, documents and work files
- Advisory services to respond to the latest IFRS updates (for e.g. IFRS 16)
Automation of accounting and financial reporting processes
- Choosing the right software for transformation purposes and IFRS financial reporting automation
- Assistance in choosing the right software provider
- Support during all implementation stages
- Optimisation of transformation process and closing the financial period in the accounting cycle
Setting-up the transformation department
- Formation of a strong team
- Allocation of duties and responsibilities within a department
- Employee and candidate evaluation
- Testing the level of personnel knowledge and competence
- Development of training program for employees
- Building and optimisation of communication links between and within departments
Control and assistance
- Control and assistance during all stages of IFRS implementation
- Analysis of effectiveness of transformation department
- Checking the audit readiness level
First-time adoption of the IFRS standard
- Methodological and consulting support at the preparation stage to first-time adoption of the IFRS
- Full support during the first-time adoption of the IFRS
- Involvement of our experts in the process of implementation/at the control stage of the first-time adoption of the IFRS
Methodology
- Preparation and updating of accounting policies
- Development of standard templates, documents and work files
- Advisory services to respond to the latest IFRS updates (for e.g. IFRS 16)
Automation of accounting and financial reporting processes
- Choosing the right software for transformation purposes and IFRS financial reporting automation
- Assistance in choosing the right software provider
- Support during all implementation stages
- Optimisation of transformation process and closing the financial period in the accounting cycle
Setting-up the transformation department
- Formation of a strong team
- Allocation of duties and responsibilities within a department
- Employee and candidate evaluation
- Testing the level of personnel knowledge and competence
- Development of training program for employees
- Building and optimisation of communication links between and within departments
Control and assistance
- Control and assistance during all stages of IFRS implementation
- Analysis of effectiveness of transformation department
- Checking the audit readiness level
First-time adoption of the IFRS standard
- Methodological and consulting support at the preparation stage to first-time adoption of the IFRS
- Full support during the first-time adoption of the IFRS
- Involvement of our experts in the process of implementation/at the control stage of the first-time adoption of the IFRS
Please answer the questions below. This information will help us to define the scope of the work.
Leave your details and we will contact you as soon as possible.
Preparation of IFRS financial reporting — to outsource fully or in part?
A full circle of IFRS reporting preparation — gain a number of advantages
Business risk management
Cost Minimisation
Access to expert knowledge
Business risk management
When preparing financial statements under IFRS we take into account:
- Management accounting
- Budgeting process
- Impact of chosen approaches on tax accounting
- Group reporting requirements
- Preparation process of the interim financial reports
- Your long-term and short-term business goals
Cost Minimisation
Your costs are significantly reduced due to equitable burden sharing between all our current projects.
Get an access to a flexible and expert resource and leave your Company management free to focus on doing business.
Get an access to a flexible and expert resource and leave your Company management free to focus on doing business.
Access to expert knowledge, skills and experience
Our experts are at your disposal to provide you with the optimal approaches in IFRS application due to the access to the resources of the Moore Stephens global network and regular participation in conferences and trainings.
Day-to-day enhancement of ACCA qualification level and well-tuned quality control system ensure the minimum error & distortions risk level in the financial reporting.
Day-to-day enhancement of ACCA qualification level and well-tuned quality control system ensure the minimum error & distortions risk level in the financial reporting.
Keep abreast of the latest tendencies
Know more about our team
Our team in Ukraine is made up of experts with the extensive experience both in local market and international companies.
Moore Global Network is one of the largest international accounting and consulting groups worldwide.
Moore Global Network is one of the largest international accounting and consulting groups worldwide.
Years in market
countries
20
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Valued
Employees
experts
Implemented projects
offices
400+
600+
Ukrainian Office
International Brand
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Our contacts
+38 044 206 10 30
ifrs@moore.ua
8/26 Vadyma Hetmana Street, Cosmopolite Multimall, 10th Floor, Kyiv, 03057
ifrs@moore.ua
8/26 Vadyma Hetmana Street, Cosmopolite Multimall, 10th Floor, Kyiv, 03057
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Know more
Taxonomy XBRL - What? Why? How?
Know more
Law of Ukraine 2019 "On Accounting and Financial Reporting in Ukraine"
Fast facts
Fast facts
Please answer the questions below. This information will help us to calculate your cost with high precision.
Please leave your contact details to get a cost estimate.
Contact us to get the business proposal
Please leave your contact details, complete a questionnaire form and get a business proposal
Please answer the questions below. This information will help us to calculate your cost with high precision.
Please leave your contact details to get a cost estimate.
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You may visit this site without revealing any personal information. Audit Firm Moore Stephens LLC will only collect and use personal data voluntarily and openly provided to this website. A user may choose to provide Audit Firm Moore Stephens LLC with limited personal data as required in order to request us that we contract you; the information provided will only be used for the purpose of contacting you.
The information provided by you will be treated in accordance with the principles set out in the relevant Ukrainian legislation. We will take all reasonable steps to ensure your personal data is protected against unauthorised access and it will not be disclosed or sold to another company or organisation. The only time we may disclose your personal data is when we are legally bound to do so.
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Audit Firm Yakovlev&Partners, LLC is a member firm of Moore Stephens International Limited ('MSIL'), a worldwide association of independent accounting and consulting firms. MSIL and its member firms are legally distinct and separate entities. They are not and nothing shall be construed to place these entities in the relationship of parents, subsidiaries, partners, joint ventures, or agents. No member firm of MSIL has any authority (actual, apparent, implied or otherwise) to oblige or bind MSIL or any other MSIL member firm in any manner whatsoever.
The information contained in this Site is for general guidance on matters of interest only. The application and impact of laws can vary widely based on the specific facts involved. Given the changing nature of laws, rules and regulations, and the inherent hazards of electronic communication, there may be delays, omissions or inaccuracies in information contained in this Site. Accordingly, the information on this Site is provided with the understanding that the authors and publishers are not herein engaged in rendering legal, accounting, tax, or other professional advice and services. Any information on this Site should not be used as a substitute for consultation with professional accounting, tax, legal or other competent advisers. Before making any decision or taking any action, you should consult with Audit Firm Yakovlev&Partners, LLC professional. We accept no responsibility for loss which may arise from reliance on information contained in this Site or other sites to which links are provided (including sites of Moore Stephens member-firms).
Audit Firm Yakovlev&Partners, LLC does not warrant or offer any assurances that this website is compatible with any user's computer equipment or network through which access to the website is gained or that the use of this website will not lead to viruses or similar destructive software accessing any user's computer equipment. Audit Firm Yakovlev&Partners, LLC shall not be liable for any damage which a user may suffer as a result of any errors in content or arising from any virus or other destructive software. Users are responsible for ensuring that their computer equipment has appropriate security and virus protection features.
Nothing on this website constitutes a legally binding offer for services and should not be treated as such.
Copyright
As content of the website is copyrighted, any unauthorised use of any material on the website may violate copyright, trademark and other laws. Should a user download the materials on this website for personal or non-commercial use, the user must retain all copyright and other proprietary notices contained in the original materials on any copies of the material. Materials on this website may not be modified, reproduced or publicly displayed, performed or distributed or used for any public or commercial purposes.
Audit Firm Yakovlev&Partners, LLC is a member firm of Moore Stephens International Limited ('MSIL'), a worldwide association of independent accounting and consulting firms. MSIL and its member firms are legally distinct and separate entities. They are not and nothing shall be construed to place these entities in the relationship of parents, subsidiaries, partners, joint ventures, or agents. No member firm of MSIL has any authority (actual, apparent, implied or otherwise) to oblige or bind MSIL or any other MSIL member firm in any manner whatsoever.
The information contained in this Site is for general guidance on matters of interest only. The application and impact of laws can vary widely based on the specific facts involved. Given the changing nature of laws, rules and regulations, and the inherent hazards of electronic communication, there may be delays, omissions or inaccuracies in information contained in this Site. Accordingly, the information on this Site is provided with the understanding that the authors and publishers are not herein engaged in rendering legal, accounting, tax, or other professional advice and services. Any information on this Site should not be used as a substitute for consultation with professional accounting, tax, legal or other competent advisers. Before making any decision or taking any action, you should consult with Audit Firm Yakovlev&Partners, LLC professional. We accept no responsibility for loss which may arise from reliance on information contained in this Site or other sites to which links are provided (including sites of Moore Stephens member-firms).
Audit Firm Yakovlev&Partners, LLC does not warrant or offer any assurances that this website is compatible with any user's computer equipment or network through which access to the website is gained or that the use of this website will not lead to viruses or similar destructive software accessing any user's computer equipment. Audit Firm Yakovlev&Partners, LLC shall not be liable for any damage which a user may suffer as a result of any errors in content or arising from any virus or other destructive software. Users are responsible for ensuring that their computer equipment has appropriate security and virus protection features.
Nothing on this website constitutes a legally binding offer for services and should not be treated as such.
Copyright
As content of the website is copyrighted, any unauthorised use of any material on the website may violate copyright, trademark and other laws. Should a user download the materials on this website for personal or non-commercial use, the user must retain all copyright and other proprietary notices contained in the original materials on any copies of the material. Materials on this website may not be modified, reproduced or publicly displayed, performed or distributed or used for any public or commercial purposes.