The task of transformation and consolidation of reporting under IFRS is complex. The most important condition for solving this problem is the skills involved in the transformation process professionals who need to know how the Russian system of accounting and international accounting standards. Usually, the formation of IFRS companies either carry it by its own specialists, or to work on these goals specialized consultants, which is a common practice in the Russian Federation (often turn to consultants based on the optimal price / quality of work ").

We, for our part, we propose to provide the necessary consulting services related to the preparation of consolidated financial statements under IFRS.

As part of the work of transformation, we propose:

• * An analysis of accounting policy for its completeness, relevance to the organization (or group of organizations) and compliance with IFRS
• * Analysis of the organizational structure of the group
• * The analysis of documentary information about the existing accounting system, analysis of preference of working chart of accounts, organization of synthetic and analytical accounting of assets and liabilities of customer organization
• * Development and approval procedures and regulations for the transformation of financial statements;
• * Reclassification of accounts of the Russian chart of accounts, preparation of postings on the reclassification.
• * Development of transformation tables
• * Development and approval procedures and regulations for the consolidation of financial statements
• * Develop a consolidation of tables
• * Preparation of financial reporting forms the group of companies and disclosing to them the standards to IFRS.
• * Advising staff of the Customer on practical reporting.

As part of the work on the transformation of accountability by our Company developed a special software, allowing for the transformation process in a shorter time and providing "transparency" of transformation and consolidation procedures.