Transformation of Financial Statements

If your company needs to create well-structured financial statements under IFRS that are easily understandable to outside investors, then it needs transformation of financial statements made under RAS (Russian Accounting Standards) into financial statements that comply with IFRS.

Employees at CHIPPER will conduct transformation of financial statements made under RAS (Russian Accounting Standards) into financial statements that comply with International Financial Reporting Standards.

The service is provided on a contractual basis.

Based on the results obtained we make a report on conducted work which includes:

  • Table describing in detail separate procedures for transformation of financial statements made under RAS into financial statements that comply with International Financial Reporting Standards;
  • Explanation of the procedure of filling out correction tables for further independent use by the company;
  • Transformed statements made in accordance with IFRS (all forms of statements and notes depending on specifics of the company).

Transformation of financial statements made under RAS into financial statements complying with IFRS ensures transparency of the company for all interested users (potential investors, international organizations, shareholders).

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