The submission of financial statements that meet the requirements of IFRS allows companies to expand the circle of potential investors and enter the international level. The companies that have decided to report in accordance with the principles of IFRS in practice face certain difficulties, the main of which are complexity and laboriousness. The lack of practical experience is the main reason for the difficulty in switching to IFRS reporting.
Before you start applying IFRS, you need to do significant preparatory work:
A competent approach to the IFRS transition will allow the company to reduce the complexity and reduce the cost of reporting.
The staff of the company should be competent enough to carry out the company's transition to reporting in accordance with the requirements of IFRS.
In the Republic of Belarus, companies often face the problem of a lack of qualified employees in this area, which leads to significant costs for reporting and its unreliability.
The employees of our company will help to implement and transit to IFRS in the most painless way for an organization and at minimal cost.