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Financial reporting in accordance with international standards

We prepare financial statements under International Financial Reporting Standards (IFRS) and convert statements from Ukrainian standards to meet the requirements of the law, banks and investors.

We work with companies required to report under IFRS and with those who need IFRS statements for investors, banks or a parent company.

For whom

LLCs

Groups of companies

Foreign-owned companies

Cost

Depends on the scope of work

When to contact us

Your company is required to prepare IFRS financial statements.
An investor, bank or parent company requires IFRS reporting.
You are planning to raise investment or sell the business.
You need an IFRS-compliant accounting policy.
You are preparing for a financial statements audit.

What’s included

development of an IFRS accounting policy;
conversion of financial statements from Ukrainian standards to IFRS;
preparation of a full set of financial statements;
preparation of notes to the financial statements;
advice on applying specific standards;
support during the audit of the financial statements.

How we work

You describe your task by phone, email or at a meeting.
We clarify the details and agree on the price and timeline before we start.
We do the work and keep you informed.
We deliver the result and explain the next steps.

Cost

The cost depends on the scope and complexity of the task. We agree on the price before we start, with no hidden fees. Ask for a quote.

Who does the work

The work is done by Paper Cloud experts — accountants, tax consultants and lawyers who support our clients’ businesses every day. Our team has years of proven experience with businesses. Get a consultation.

Frequently asked questions

How do IFRS statements differ from Ukrainian GAAP statements?

IFRS has different rules for recognising and measuring assets, income and expenses and requires more disclosures. That is why statements need conversion, not just translation.

Do we need separate IFRS bookkeeping?

Not necessarily. Often it is enough to convert local accounting data at the reporting date. We choose the best approach after an analysis.

How long does preparation take?

It depends on the volume of transactions and the quality of accounting data. We give the timeline after a preliminary review.

Get started

Describe your task, and Paper Cloud experts will contact you, clarify the details and quote a price. Leave a request in the form below or go to our contacts.

Ask a question / Order the service

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