Transition to IFRS

Zobrazit stránku: Česky

Act on accounting allows for the use of international accounting standards adapted by the European Union (“IFRS”) for accounting and the creation of financial statements by companies that:

  • are issuers of securities traded on regulated European market, or
  • have an obligation to create or be part of the creation of the consolidated financial statements in accordance with IFRS.

What are the benefits of using IFRS?

  • higher level of consistency of financial statements for reporting purposes and financial statements prepared in accordance with Czech accounting standards
  • financial statements are more understandable for foreign users

How can we help you?

  • Advisory leading to fast and effective transfer to IFRS
  • Analysis of present situation that will help you to decide whether to change to IFRS
  • Setting format and structure of a financial statements template
  • Preparation of financial statements in accordance with IFRS
  • Training of employees and management in IFRS