Financial reporting under IFRS Accounting standards
FBK offers a comprehensive range of services related to the preparation IFRS financial statements, including the development of accounting policies, advising on transitioning to IFRS, first-time adoption of IFRS, automation of IFRS accounting, and other specialised support.
Adopting IFRS is a critical step to enhance the transparency and comparability of financial statements, attract financing, and provide the foundation for key decision-making by management, business owners, and investors.
IFRS reporting may be required for a wide range of management tasks, serving as an information basis for crucial decisions, including performance evaluation aligned with global best practices.
FBK consultants’ unique expertise in applying and preparing IFRS reports ensures high quality and timely delivery of IFRS-compliant financial statements.
FBK holds leading positions in the audit and consulting services market, as ranked by the rating agency Expert RA.
- preparation of consolidated, combined, and individual IFRS financial statements, including:
- development of significant accounting policies compliant with IFRS and tailored to the company’s operations;
- design of transformation table formats for data collection;
- creation of data entry guidelines for transformation tables;
- transformation of financial statements to align with IFRS;
- preparation of financial reports, including notes.
- preparation of consolidation packages in accordance with the parent company’s accounting policies and guidelines, including:
- transformation of financial statements to comply with IFRS Accounting Standards, parent company policies, and instructions;
- preparation of consolidation packages with detailed notes.
- IFRS-compliant financial statements or consolidation packages aligned with the parent organisation’s policies and guidelines;
- all necessary documents and calculation sheets for transforming financial statements from Russian Accounting Standards (RAS) to IFRS Accounting Standards;
- support services for IFRS reporting audits.
