Transformation of financial statements under IFRS

Financial statements under IFRS — simple but affordable within a limited budget
Moore Stephens IFRS Transformation of financial statements
Transformation of financial statements under IFRS
Financial statements under IFRS — simple but affordable within a limited budget
Why to conform to IFRS standards?
Present your Company's financial performance in IFRS
Unlock the opportunities to operate in 100 + markets worldwide with IFRS reporting
Investor Targeting Strategy
Global Market Access
Attracting Investor IFRS
Global Market Access
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.
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.
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.
Statement of financial position
Statement of financial position
Consolidated statement of profit and loss
Consolidated statement of profit and loss and other comprehensive income
Cash flow statement
Cash flow statement
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Notes to the financial statements
ISRS 4410
ISRS 4410 "Compilation Engagements"
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
Find out the cost of the full IFRS Reporting Package for your business
Statement of financial position
Statement of financial position
Consolidated statement of profit and loss and other comprehensive income

Cash flow statement
Consolidated statement of profit and loss
Cash flow statement
IFRS Component
Preparation of separate IFRS financial reporting modules
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
IFRS 1
First-time Adoption of IFRS
Procedures for first-time adopters of IFRS
IAS 12
IFRS: IAS 12
Income Taxes
Deferred taxes
IAS 16
IFRS: IAS 16
Property, Plant and Equipment
Revaluation model
IAS 41
IFRS: IAS 41
Agriculture
Initial and subsequent fair value measurements:
(a) biological assets
(b) agricultural products resulting from biological assets

IFRS 16
IFRS 16
Leases
Initial and subsequent measurement/remeasurement of:
(a) In the form of a right-of-use asset
(b) A lease liability

IAS 23
IFRS: IAS 23
Borrowing Costs
Borrowing costs eligible for capitalisation
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
Find out the cost of the IFRS Component for your business

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.
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 optimisation 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
Request for a Consultation
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Would like to receive a consultation on methodology?
Please choose the issues you are interested in
Would like to receive a consultation on automation of accounting and financial reporting processes?
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Would you like to receive a consultation on setting-up the transformation department?
Please choose the issues you are interested in
Are you interested in Control and assistance of IFRS implementation?
Please choose the issues you are interested in
Would you like to receive a consultation on the first-time adoption of the IFRS standards?
Please choose the issues you are interested in
Are you interested in any other services?
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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:

  1. Management accounting

  2. Budgeting process

  3. Impact of chosen approaches on tax accounting

  4. Group reporting requirements

  5. Preparation process of the interim financial reports

  6. 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.

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.

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.
17
350+
40+
657
Years in the market
Successfully implemented projects
Employees in Ukraine
Offices worldwide
Contact us
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Our contacts
+38 044 206 10 30
ifrs@moore.ua
3rd Floor, Building G, 67 Peremogy Ave
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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.
Would you like to submit a request for separate IFRS financial reporting module?
Would you like to submit a request for a separate calculation under the IFRS?
Please specify the IFRS Standard and required calculation
What are the main activities of the Company (Group)?
What is the number of the legal entities in Ukraine?
+
What is the number of the legal entities abroad?
+
Are the Company’s (Group’s) securities listed on a stock market?
What is the book value of assets?
Estimate the net income from sales of products
Net income – revenue (profit) from sales of goods, work, services, less discounts, the cost of sold goods earlier returned, VAT and excise duty.
The total number of employees
Average number of listed employees per calendar year
Name/version of accounting software
Is there any accounting policy applied in the Company?
Are any additional services/consulting services needed?
Full name
E-mail
Tel.
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.
What are the main activities of the Company (Group)?
The number of legal entities in Ukraine:
+
The number of legal entities abroad:
+
Are the Company’s (Group’s) securities listed on a stock market?
Specify the users of financial statements:
What is the book value of assets?
Company or Group
Estimate the net income from sales of products
Net income – revenue (profit) from sales of goods, work, services, less discounts, the cost of sold goods earlier returned, VAT and excise duty.
The total number of employees
Average number of listed employees per calendar year
Is it the first-time adoption of the IFRS standards?
How often should the financial statements be prepared?
Please specify the period the financial statements shall be prepared for
Name/version of accounting software
Is there any accounting policy applied in the Company?
Are any additional services/consulting services needed?
Full name
E-mail
Tel.
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