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 western European accounting standards.
Local characteristics: Biased Ukrainian accounting hinders an accurate, legally compliant illustration of the financial situation
Ukrainian accounting usually obeys tax regulations more than commercial 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.Hence, 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 experts will prepare an entire transition of your Ukrainian accounting in compliance with western European standards. In addition, 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 in order to guarantee that the Ukrainian accounting data is compiled in maximum compliance with the country’s GAAP.
