Financial reporting transformation

Transformation, envisaging re-grouping of the accounting information, prepared in accordance with the Ukrainian Statement of Standard Accounting Practice (NP(S)BU) into reporting standards complying with the IFRS requirements id the main method of compiling the financial reporting in accordance with the International Financial Reporting Standard (IFRS). All the accounting information, formed in accordance with NP(S)BU is analysed and amended pursuant to the IFRS requirements.

To provide civilised and efficient conduct of business the experts of our company are always ready to implement stage-by-stage reporting transformation process pursuant to IFRS for your company:

• Elaborate accounting policy;

• Select evaluation and reporting currencies;

• Compute incoming remaining balance;

• Develop a transformation model;

• Elaborate (if required) an additional chart of accounts pursuant to IFRS and the Table of Compliance (Mapping) of the Ukrainian chart of accounts against the IFRS Chart of accounts;

• Assess the corporate structure of the company to determine subsidiary and associated ventures, required to be included to the reporting;

• Determine specific branch peculiarities of the ventures and gather information, essential for computation of transformational corrections;

• Implement re-grouping and re-classification of report items from NP(S)BU into IFRS;

• Final reporting transformation to comply with the international standards.