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Transformation of financial statements in accordance with IFRS

Task: Preparation (transformation) of the financial statements in accordance with IFRS for bond issue.

Realization of the project: Financial statements in accordance with IFRS were prepared on the basis of the audit statements in accordance with RAS, data of financial and management accounting of the company and accounting policy in accordance with IFRS. Within the framework of the project analytical accounting and management data was compiled, adjusting entries were written and registered in the financial statements in accordance with IFRS on the basis of the statements in accordance with RAS, balance sheet and income statement were transformed to the format in accordance with IFRS, cash flow statement was prepared, notes to the financial statement in accordance with IFRS were prepared.

Results of the project:

Statements prepared in accordance with the international standards.
Client’s decision to implement process automation and to establish parallel accounting in accordance with IFRS

Duration of the project: 3 months.

Client: Major leasing company (one of the most active leasing operator) which has subsidiaries and associated companies.