Application of international standards of financial reporting is the way to ensure a transparence of your business, it improves comparability of business indicators and consequently it makes possible to fulfill a comprehensive financial analysis.

Financial reporting based on International Financial Reporting Standards (IFRS) is one of the important steps that bring to the companies an opportunity of familiarizing with the international markets of capital. The companies with the relevant reporting systems get an access to the internal and external sources of financing necessary for their further development. The companies with an inadequate reporting system get the status of unreliable as for foreign investors, and cannot be considered as perspective participants among the competitors for capital. In addition, investors get real opportunities to check and control provided investments through the system of financial reporting.

Application of IFRS can be useful also for those companies that have not entered yet western financial markets. In this case the main targets are:

• to provide manager's staff with an absolutely adequate financial information and thus to raise management efficiency;
• to insure competent communication with the market and shareholders;
• to strengthen the system of corporate behavior and credit to management.

It is also reasonable to apply IFRS in the companies where the proprietor has no representatives in the company's management staff and is forced to be content with business information obtained from the financial reporting.

Our experts develop an integrated system of preparation and presentation of the financial reporting considering changes in IFRS system and tendencies of the company development