Transformation of financial statements is necessary to enable businesses to operate internationally, and is a regrouping of accounting data and adjustments to items in accordance with IFRS. First, it is necessary to define what accounting transformation is. This procedure involves the selection of accounting policies based on the requirements of IFRS and includes the preparation of appropriate tables.
Features of IFRS transformation
When transforming the financial statements of Kay Solutions, the initial information is taken from the financial statements prepared by the company's accountants in accordance with the current legislation.
The accounting transformation service includes the following aspects
- analysis of the organization's current situation, information and accounting system, data consolidation
- Identification of possible discrepancies between Ukrainian reporting standards and IFRS;
- transformation of entries in accordance with the financial statements;
- valuation of the company's assets and liabilities;
- preparation of a transformation table;
- filling out IFRS financial statements.
Transformation of IFRS reporting by independent experts
The prices for services are determined on a case-by-case basis for each commercial organization, as the IFRS adjustments of entries and the scope of work may vary. These aspects are determined by the peculiarities of doing business and the accounting system. Despite the complexity of the tasks, our employees will cope not only with high quality, but also as quickly as possible.
Based on the requirements of organizations, there are two options for providing reports in accordance with the required standards.
- Transformation of reports after the end of reporting periods. For the vast majority of companies, it is enough to provide this service with some frequency or as needed.
- Customization of management reports is possible. If the company needs the most prompt access to cash flow data, and not just the results of the reporting periods that have been adopted, customizing management reports will allow you to obtain the necessary data as soon as possible.
Before starting to perform tasks, our specialists study in detail the specifics of a particular company's activities, as well as the peculiarities of the legal framework that regulates the scope of our clients' activities. We work with various taxation systems and types of economic activity. Therefore, we take on complex tasks without any fears or doubts. To order services in Kyiv from Kay Solutions, you just need to contact our managers by phone, which is listed on our official website. Our work will not cause large financial expenses. We cooperate with companies all over Ukraine.
Offers
Accounting outsourcing plays a very important role in the development of an enterprise or company.