Management accounts

International financial reporting standards (IFRS) – an international system of accounting principles – are becoming more relevant in Russia. For the moment, IFRS requirements are mandatory for public companies, insurance companies and credit institutions.

In December 2011, the first 63 standards and interpretations were endorsed for application in the Russian Federation.  According to Law No. 208-FZ, companies that fall under the requirements shall submit IFRS statements for the financial year 2012.

We provide the full scope of IFRS-related services. Our specialists have considerable experience in implementation of IFRS projects in local and multinational companies.

Services in preparation of corporate statements:

  • Adjustment of financial statements according to the IFRS or corporate requirements;
  • Preparation and consolidation of financial statements according to IFRS;
  • Organization of accounting and tax accounting according to IFRS;
  • IFRS statements revision;
  • Consulting on application of IFRS in Russia;
  • Development of accounting policy of an organization, including detailed chart of accounts, according to IFRS requirements;
  • Consulting on complex issues related to IFRS reporting