Accounting under IFRS

Special offer for the foreign enterprises and representative offices

For the first time in Belarus we offer accounting services in accordance with International financial reporting standards (IFRS) — in form foreign investors are used to.

The purpose of drawing up of the reporting under the international standards, unlike the reporting under the Belarussian national standards, is the comparative analysis of financial position. The same situation with the reporting exists in other countries. Therefore many countries have decided to use IFRS as "the general measure ". In countries of the European Union transition from national standards of the reporting on IFRS since 2005 was accepted. Necessity of transition to the international standards is based also on recently considerably stirred up activity of trance-national corporations which have business in different countries of the world with various national accounting standards. In this case general measure — IFRS — is used for consolidation of the reporting.

There are two methods of formation of the reporting under the international standards:

Each method has its plusses and minuses.

Minimal changes in internal accounting technologies are advantages of transformation.

In AXIUM Group “AXIUM AUDIT” provides transformation services.

For more detailed information on transformation services please refer to the specialized section.

The maximal accuracy and high efficiency are among plusses of the second method. The parallel accounting is usually more labour-consuming, but it is characterized by greater efficiency of granting of the information. Accounting services under international standards are rendered by accounting division of AXIUM Group.

We offer drawing up of the reporting in conformity with specificity of your enterprise activity and requirements of investors.