Assistance in formation of reports under IFRS (first-time adoption)

If your company first started to prepare the financial statements under IFRS, we can make this process more comfortable and time-optimal as far as possible. Our activities for your transition to IFRS include:

• Determining the structure of the group (in case of holding);
• Development of accounting policies under IFRS;
• Analysis of existing assets and liabilities as of the date of transition to IFRS for their compliance to IFRS;
• Development of a package of restatement queries to collect the information needed to prepare the financial statements in accordance with IFRS;
• Analysis of economic activities, identification of main differences between IFRS reporting items and Russian ones and formation of the list of main adjustments needed in restatement and preparation of the reports;
• Making adjustments relating to restatement and consolidation;
• Preparation of the financial statements under IFRS as follow:
  • Statement of financial position;
  • Statement of comprehensive income;
  • Statement of changes in equity;
  • Statement of Cash Flows;
  • Notes to the financial statements.