IFRS in Ukraine: reporting, accounting and consulting services
We are IFRS consultants and accountants in Kyiv preparing financial statements under International Financial Reporting Standards for Ukrainian entities that need them by law, for a parent company, a bank or an investor. Parallel IFRS ledgers, annual transformation, full note disclosures and a group reporting pack, delivered in English by people who also audit IFRS statements.
- An IFRS accounting policy written around your actual transactions
- Opening statement of financial position at the transition date under IFRS 1
- Annual or quarterly IFRS financial statements with full notes
- Group reporting pack in the parent company’s format
- Measurement under IFRS 15, IFRS 16, IFRS 9, IAS 12, IAS 36 and IAS 2
- Audit support: we walk your auditor through every adjustment
Who asks us for IFRS reporting in Ukraine
Public interest entities, large enterprises, public joint stock companies, extractive industries and financial institutions. Check your position: who must report under IFRS in Ukraine.
The parent needs a consolidation pack in its own format and on its own calendar. We keep the parallel IFRS ledger and deliver the pack with explanations in English.
A lender or an investor asks for two years of statements under international standards. We transform the prior period and prepare the comparatives.
Where a share sale or a foreign listing is ahead, IFRS reporting starts early so the buyer sees a track record rather than a one-off recalculation.
What we measure under international standards
Recognition on satisfaction of performance obligations, variable consideration, discounts, returns, warranties and multi-element contracts.
Right-of-use assets and lease liabilities, incremental borrowing rate, contract modifications and short-term exemptions.
Expected credit losses on receivables, amortised cost of borrowings and classification of instruments.
Componentisation, useful lives, revaluation, impairment testing under IAS 36 and investment property.
Lower of cost and net realisable value under IAS 2, and the temporary differences every adjustment creates under IAS 12.
Accounting policy, judgements and estimates, related parties, financial risk and events after the reporting date. This is where IFRS statements are most often found incomplete.
From review to a finished reporting pack
We look at two years of statements, lease and loan agreements and the main contracts, then tell you how many adjustments to expect and where the risks sit.
We agree the IFRS accounting policy and build the opening statement of financial position under IFRS 1.
The first set is usually a transformation. Where quarterly reporting is needed we set up a parallel ledger. Step by step: IFRS transformation from Ukrainian standards.
You receive the statements with notes and a working paper for every adjustment, so the auditor sees the calculation and not only the result.
The IFRS audit is performed by a different firm
An auditor cannot audit statements it prepared. If we keep your books under international standards, an independent firm audits them, and the other way round: where another firm prepared the statements, we take the audit. About that service: IFRS audit in Ukraine. We say this at the first meeting so that no work has to be redone.
What clients ask most often
How much do IFRS reporting services cost in Ukraine?
It depends on the number of accounting areas, leases, foreign currency borrowings and the group structure. We send a proposal after reviewing the assignment, normally within one working day.
Do you replace our accountant or work alongside them?
Usually alongside. Your accountant keeps the Ukrainian ledger, we add the IFRS layer: adjustments, notes and the group pack. Running both ledgers in full is also possible.
Are comparatives for the prior year required?
Yes. IFRS 1 requires at least one comparative period and reconciliations of equity and profit at the transition date. Without them the statements cannot be described as IFRS statements.
Do you issue the statements in English?
Yes, in English and Ukrainian. The firm is a member of DFK International, so the format is familiar to foreign shareholders and group auditors.
Can you explain the figures to our auditor?
Yes, that is part of the engagement. We hand over a working paper for each adjustment referencing the standard and answer the auditor’s questions before the report is signed.
Who must keep accounts and report under IFRS in Ukraine?
Public-interest entities, public joint-stock companies, banks, insurers, large enterprises and a few other categories under the accounting law; everyone else adopts IFRS voluntarily, usually at the request of an investor, bank or parent company. The current list and thresholds: who reports under IFRS in 2026.
Request a proposal
Tell us the reporting year and who requires the statements. We reply within 1 working day.
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