Home/Services/Preparation and transformation of financial statements in accordance with IFRS

Preparation and transformation of financial statements in accordance with IFRS

International Financial Reporting Standards (IFRS) are a set of international accounting standards that specify how specific types of transactions and other events should be reflected in financial statements. IFRS are published by the International Accounting Standards Board. IFRS is the procedure by which accountants are required to maintain accounting records and prepare financial statements. Each business environment, each country can have its own view of the operations performed and the preparation of financial statements. IFRS is consolidated and designed in order to have a common understanding of financial statements.                     

The Republic of Uzbekistan, as a dynamically developing part of the overall world economy, needs high-quality financial statements that are understandable for foreign investors. In Uzbekistan, the National Accounting Standards (NAS) are in force, but the financial statements prepared in accordance with the NAS, in some aspects, remained incomprehensible to foreign users of these statements. To prevent these nuances, the Resolution of the President of the Republic of Uzbekistan "On additional measures for the transition to international financial reporting standards" (No. 4611 of February 24, 2020) was adopted, in accordance with which, starting from 2021, joint stock companies, commercial banks, insurance organizations and legal entities classified as large taxpayers will organize accounting and, at the end of 2021, will provide financial statements in accordance with IFRS.                                    

Our company, consisting of highly qualified specialists, offers you its services in accounting and financial reporting in accordance with IFRS. We will also transform the compiled financial statements in accordance with NAS to IFRS. By providing us with the preparation of your statements, you will not have to make additional explanations on the indicators of financial statements to the users of these statements.                                                   
124D, Kichik Beshyogoch str. Yakkasaray dist. Tashkent city, Uzbekistan. (Reference point: Art institute).
Do you want to get a consultation?
Ask a question
Скрытое поле:
Indicates required fields
Indicates required fields
Indicates required fields
Indicates required fields
Согласие на обработку данных*
Thanks! Form has been sent