{"id":1384,"date":"2025-07-20T01:08:35","date_gmt":"2025-07-19T22:08:35","guid":{"rendered":"https:\/\/it-decision.com.ua\/perehid-na-msfz\/"},"modified":"2025-10-21T11:36:10","modified_gmt":"2025-10-21T08:36:10","slug":"perehid-na-msfz","status":"publish","type":"page","link":"https:\/\/it-decision.com.ua\/en\/perehid-na-msfz\/","title":{"rendered":"Transition to IFRS"},"content":{"rendered":"\n
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We automate all transformational adjustments: from technical specifications to go-live implementation<\/h1>\n\n

What happens if your key calculations remain in MS Excel?
How reliable and relevant will this information be for audits and external investors?<\/p>\n\n <\/div>\n\n <\/div>\n\n

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How We Work:<\/h2>\n \n
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\n 01<\/span>\n Formalization of the accounting framework and preparation of accounting policies with demo models for automation<\/span>\n The first step towards automation is the preparation of demo examples. Accounting policy models are required as test scenarios<\/span>\n <\/div>\n
\n 02<\/span>\n Preparation of Technical Specifications<\/span>\n We will prepare a new technical specification or provide an existing one for your transformational adjustments. It is a detailed description of system objects, procedures, and reports<\/span>\n <\/div>\n
\n 03<\/span>\n Programming According to Technical Specifications<\/span>\n Based on the approved project documentation, we will develop IFRS accounting functionalities. Testing is conducted using the demo examples specified in the accounting policy<\/span>\n <\/div>\n
\n 04<\/span>\n Testing and Go-Live Implementation of the Developed Subsystems<\/span>\n We support our functionalities from request submission to period closing<\/span>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/section>\n\n\n\n
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WHY OUR FUNCTIONALITIES ARE NEEDED? <\/h2>\n\n
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\n In accordance with the Law of Ukraine “On Accounting and Financial Reporting in Ukraine,” publicly significant enterprises prepare financial statements and consolidated financial statements in accordance with international standards.<\/span>\n Therefore, your functionalities must be included in the accounting system
\r\nWe can assist.
\r\nAll our developments are supported by actuaries and auditors<\/span>\n <\/div>\n
\n Most Complex IFRS Adjustments<\/span>\n Why do some IFRS adjustments require additional attention?\r\nLet us illustrate with IFRS 16 “Leases”: the lease payment amount must be discounted. Then, the short-term portion of long-term liabilities must be separated, depreciation of the right-of-use asset calculated, and interest recognized.\r\nThis is our area of expertise \u2014 feel free to contact us.<\/span>\n <\/div>\n
\n What should be done when all transformational adjustments are automated? Naturally, consolidate the financial statements<\/span>\n We will perform financial statement consolidation using specialized software or develop a consolidation system tailored specifically for your organization<\/span>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/section>\n\n\n\n\n
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Analysis of the Action Roadmap Using an Example Adjustment. Our example: automation of the revaluation process of fixed assets and the loading of the appraiser\u2019s report into the accounting system<\/h2>\n

How this process occurs step by step? <\/p>\n <\/div>\n <\/div>\n\n

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\n 1. Selection of an independent appraiser. The specialist or a licensed company must determine the new terms and the updated value.<\/span>\n <\/div>\n <\/div>\n
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\n 2. Analysis of the appraiser\u2019s report. Uploading the report into the accounting system. It should be noted that some accounting systems include a “Fixed Asset Revaluation” document, which records the fair useful life of the asset and the value specified by the appraiser.<\/span>\n <\/div>\n <\/div>\n
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\n 3. Perform tasks for depreciation calculation, cost accounting, and period closing. Analyze the impact of the revaluation on product cost and other company performance indicators. We provide end-to-end support for the entire process. Feel free to contact us.<\/span>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n \n <\/div>\n <\/div>\n<\/section>\n\n\n\n
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