KEY ASSUMPTIONS AS CHARACTERISTICS AND LIMITATIONS THAT NEED TO BE TAKEN INTO ACCOUNT WHEN PREPARING IFRS FINANCIAL STATEMENTS
Journal Title: Приазовський економічний вісник - Year 2018, Vol 3, Issue 8
Abstract
The article presents key assumptions such as characteristics and constraints that need to be taken into account when preparing financial statements for IFRS. An analysis of recent research on the implementation of IFRS has been made. The range of users of financial reporting has been analyzed. The problems of preparation of financial statements under IFRS and approaches to their solution are considered. The benefits of presenting financial statements under IFRS are determined. Conclusions on the International experience in applying financial reporting standards and the benefits of their application, which testify to the urgent need for the implementation of international standards in Ukraine.
Authors and Affiliations
O. S. Havrylovskyi, N. S. Zarytska
Keywords
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