We provide transparent transition of the Ukrainian commercial accounting to your internal standards or the IFRS/GAAP of your choice. This will foster your understanding of your Ukrainian business, let you swiftly obtain any operational information in a necessary format and according to the investor’s requirements, and will allow for consolidation.
Management Reporting and transition from Ukrainian commercial accounting to IFRS or German GAAP
Our definition: Management Reporting and transition from Ukrainian commercial accounting to IFRS or German GAAP
Transition of Ukrainian accounting data to your internal reporting or accounting standards in Western Europe.
Local characteristics: Biased Ukrainian accounting hinders an accurate, legally compliant illustration of the financial situation by Western European standards.
Ukrainian accounting obeys tax regulations more than commercial and economic law. Moreover, it may happen that completed transactions are not entered in the books due to missing primary documents (Form over Substance!). The result is a distorted depiction of the economic facts.
Thus, a transition to western European accounting is of substantial importance for the financial business analysis.
Our solution: Transparent transition with sustainable compliance outcomes
Our financial specialists will prepare an entire transition of your Ukrainian accounting in compliance with standards in Western Europe. Additionally, we will apply the specific rules, which your company has decided to employ in its internal accounting standards.
In case of transitions to German or Austrian GAAP we cooperate with German and Austrian certified auditors to guarantee that the Ukrainian accounting data is compiled in maximum compliance with the country’s GAAP.