Audit and economical analysis

Table 58

IFRS and their application

№	Name	Accepteddate
IFRS1	Presentationoffinancialstatements	01/01/75 y.
IFRS2	Materialreserves	01.01.76 y
IFRS 3	Consolidated financialstatements	01.01.77 y.
IFRS4	DepreciationCalculator	01.01.77 y.
IFRS 5	Disclosure of relevant information in the financial statements	01.01.77 y.
IFRS6	Impact of price changes on accounts and accounts	01.01.78 y.
IFRS 7	CashFlowStatement	01.01.79 y
IFRS 8	AccountPolicies, Changes in Accounting Estimates and Errors	01.01.79 y
IFRS 9	Costs for research and development	01/01/80 y
IFRS 10	Post-ReportEvents	01/01/80 y
IFRS 11	Constructioncontracts	01/01/80 y
IFRS 12	Incometaxes	01.01.81 y
IFRS 13	Presentation of circulating assets and short-term liabilities	01.01.81 y
IFRS 14	Segmentalreport	01.01.83 y.
IFRS 15	Information that influences ratings changes	01.01.83 y.
IFRS 16	Basictools	01.01.83 y.
IFRS 17	Rent	01.01.83 y.
IFRS18	Income from regular business activities	01.01.84 y.
IFRS 19	EmployeeIncome	01.01.85 y.
IFRS 20	Recognition of State grants and disclosure of state aid	01.01.84 y.
IFRS21	Effects of exchange rate changes	01.01.85 y.
IFRS 22	MergeCompanies	01.01.85 y.
IFRS 23	Expensesfordebt	01.01.86 y.
IFRS24	Disclosure of information about related parties	01.01.86 y.
IFRS 25	InvestmentAccounting	01.01.87 y.
IFRS26	Accounting and reporting on pension systems	01.01.88 y.
IFRS 27	Separatefinancialstatements	01/01/90 y
IFRS28	Investments in business entities and joint ventures	01/01/90 y
MSFO 29	Financial reporting in hyperinflation economies	01/01/90 y
IFRS 30	Disclosure of financial records of banks and other financial institutions	01.01.91 y.
IFRS 31	-	01.01.92 y.
IFRS32	Financial instruments: disclosure and presentation of information	01.01.96 y.
IFRS 33	Profitfor a share	01.01.98 y.
IFRS 34	InterimFinancialReports	01.01.99 y.
IFRS 35	Ending Financialaccounting	01.01.99 y.
IFRS 36	ImpairmentofAssets	01/07/99 y
IFRS 37	Reserves, Contingent Liabilities and Contingent Assets	01/07/99 y
IFRS38	Non-materialasset	01/07/99 y
IFRS 39	Financial Instruments: Recognition and Evaluation	01/01/01 y.
IFRS 40	Investment property	01/01/01 y.
IFRS41	Agricultural accounts	01.01.02 y.

Transformation of financial reporting intointernationalstandards. Transformation self - change, reorganization means.

Transformationthat translates as a transformation of the rules, principles, methods, and methods in the accounting system in accordance with the applicable law in our country, and in conformity with other countries or international rules.

Financial Transaction Transformation is a financial reporting framework that is based on national accounting standards of the reporting date, in accordance with the provisions of international standards of financial reporting, reassessment, reassessment, adjustment and revocation of its substance; the process of reorganization .

The International Standards of Financial Reporting (IFRS) is not a compulsory document but has a recommendation character. It does not define the types of financial reporting that national businesses need to provide. IFAS defines the main components of the financial reporting and the content of the minimum information reflected therein. The use of the TIR application is a matter of absolute authority of the company.

IFRS or IFRS, based on the report on the basis of the following opportunities di :¹⁸

IFRS or on the basis of IFRS financial statements on the basis of the formation of the following opportunities: Company increase the transparency of financial results; In one company, a company's users will be able to analyze financial indicators for periods, and for different companies, comparing the relevant indicators with each other; creditorlar, shareholders, credit institutions will increase confidence in the company and put money to work with the company, to expand the company's access to credit; attraction of foreign investments and cooperation with foreign investors; access to foreign exchange markets, access to raw materials, foreign exchange, labor markets and international capital markets; there is an opportunity for managing managers to obtain reliable, objective, timely and timely financial information for management decisions to be made; company budgeting, planning and strategic development activities to provide information necessary for evaluation; company management mechanisms to improve the competitiveness of the company, improve product quality and increase the export capacity is achieved;  cases of corruption, elements of corruption, the concealment of taxable property, the robbery, domination, domination, bankruptcy; The system of incentives promotes a radical improvement and increases the material interest.Trio control system is set ; • The moral environment stabilizes ; At odds, the loyalty characteristics of the work, the company and the homeland are matched together ; steps to improve their performance and skills ; The interest and movement in the field of socialism intensify.

They can not go directly to the TNC at any time without any preparation. If an unconsolidated financial report is transacted under IFRSs, it does not produce the expected result. Therefore, prior to the first use of the TCR, or transformation of a national financial reporting framework, it is imperative that the environment, conditions and specific preparations should be made .

This will be the result of the fact that financial, monetary and tax legislation in the country is in line with world standards, achieving free convertibility of national currency, absence of high inflation level, harmonization with national accounting standards, accounting and financial reporting, documents, rules, regulations, instructions and step-by-step set of international standards, professional accountants Institute of Certified accountants and Auditors Wrap mutual compassion professional training, and the introduction of certificates of CIPA , training abroad to learn foreign languages (IELTS), and practical skills to work in international accounting ,the company's corporate governance , the establishment of the system of material incentives , rules , set policies to improve the international standard in accordance with the requirements of the labor billing plan , based on accounting and financial reporting practices.

Key concepts of the transformation process:

• 
  the accounting for TSP ensures that each company independently decides on its work, its necessity and its transition;        
  
• 
  the MHS is not compulsory; this document only encourages movement;        
  
• 
  the economic substance of the accounting for SLDs prevails over the form;        
  
• 
  prioritizing the fair value of the TSPF;        
  
• 
  the company's internal affiliation with the choice of accounting (transformation or parallel accounting) on ​​TSP;        
  
• 
  there is no single algorithm or sequence of transformation;        
  
• 
  transformation is individualized in every case;         
  
• 
  transformation of a complex process, requires a professional approach;        
  
• 
  methods and stages of transformation are independently determined;        
  
• 
  reclassification, reassessment, corrections are the main methods of transformation.        
  

First, it is necessary to prepare the financial statements as per the national standards, as well as the analytical credentials with indication of the balance, profit and loss, and other reporting items, and, if necessary, the initial documentation.

Secondly, reclassification of assets, liabilities and private equity elements, reassessment. The reclassification and evaluation of each relevant item in accordance with international standards is also included in the Profit and Loss Statement. Similarly, it is necessary to adopt other reporting elements to comply with individual international standards.

Thirdly, it is necessary to make adjustments to bring the TSP to the level, to develop a schedule of additional indicators.

Fourthly, it is necessary to make a report that meets the requirements of the TSP after the adjustments are made using accounting equipments.

Fifthly, proper use of assignments plays an important role in transition to TSPs. It is necessary to translate terms, indicators and their subdivisions in national reporting standards to conventions that conform to international standards. If it is not appropriate for the international classification, its value will be difficult to read, and it will lead to chaos. Therefore, the system of terms should be adapted to international standards.

There is no single methodology for transformation of financial statements based on national standards into financial statements, which is based on international standards. It is desirable for each enterprise to develop a methodology for transformation, based on its financial and operational activities, resources and professional level of its employees.

The following conditions must be met for the implementation of the MAP transformation:

There is a need for a financial statement for TSPAs.

The financial statements prepared in accordance with national standards should be consistent with the objective, reliable, consistent, and up-to-date national accounting and auditing standards.

The organization should have a modern management, management system.

The company should have a stable financial standing.

The company should have expertise in the IFRS, with profound professional training in accounting and financial reporting, with the ability to apply economic mathematics.