IFRS Auditing of financial statements in line with the devised IFRS (International Financial Reporting Standards). Do you need to prepare financial statements in line with the IFRS? Or prepare a transfer bridge for the financial reporting of the parent company? Take advantage of our consultancy. The main differences in terms of financial reporting between CAS and IFRS include: Financial leasing – assets are recorded as a tangible asset of the leaseholder The acquisition cost of tangible fixed assets also includes the cost of disposing of the asset and restoring to the original condition Writing down to the residual value Capitalisation of costs of significant overhauls in the balance sheet Significant spare parts are recorded as depreciable assets and depreciated The possibility to properly, plant and equipment at their fair value Separate procedures for financial reporting in the category of property investment Separate procedures for financial reporting in the category of assets held for sale Reduction in asset value to the recoverable amount Financial reporting of revenue – substance is applied over legal form Construction contracts – the percentage of completion method along with other differences that need to be assessed on an individual basis. We are ready to help you. Call or write at any time.