IFRS and conversion of financial statements
IFRS reporting, data conversion and support for the transition to international standards
Advice on complex issues in applying International Financial Reporting Standards.
Developing and updating IFRS accounting policies, and approaches to accounting for specific transactions and disclosures. Converting financial statements prepared under Russian standards into IFRS financial statements, including conversion adjustments.
Support for the transition to IFRS, including methodology, consolidation and setting up processes for in-house preparation of financial statements.
Synergy Audit prepares IFRS financial statements and advises on applying the standards
Conversion of financial statements
Converting financial statements under Russian standards into IFRS financial statements with conversion adjustments and disclosures
Consolidated financial statements
Consolidated financial statements of a group, including under Federal Law No. 208-FZ "On Consolidated Financial Statements" dated 27 July 2010
IFRS accounting policies
Accounting policies, reporting formats and disclosures, transition to IFRS 18 "Presentation and Disclosure in Financial Statements", which replaces IAS 1 from 2027
Revenue, leases and financial instruments
Applying IFRS 15 "Revenue from Contracts with Customers", IFRS 16 "Leases" and IFRS 9 "Financial Instruments"
Fair value and impairment
Fair value measurement under IFRS 13, impairment testing under IAS 36, purchase price allocation under IFRS 3
Transition to IFRS
First-time adoption under IFRS 1, processes for in-house preparation of financial statements and staff training
Financial statements are prepared to stand up to an audit: adjustments are documented, and calculations and assumptions are disclosed. The result is IFRS financial statements for shareholders, banks, investors and regulators.