What are the requirements of the IFRS accounting in Ukraine, and what is financial due diligence in Ukraine?
The full form of IFRS stands for International Reporting Financial Standards. Well, IFRS covers a vast range of accounting activities. If you dig out a bit, you will find out that there are some specific fields of businesses where IFRS rules are required. So, here are the requirements that we are talking about. Going through the requirements will help you to understand the matter precisely. · Statement of financial position Well, in other words, it is known as balance sheets. The purpose of IFRS is to influence the components, which are responsible for the reports of a balance sheet. Therefore, you can understand the significance of IFRS. · Statement of comprehensive income One can consider it as the form of one statement. Besides, you can also divide it into profit and loss statement. Also, it will serve the purpose of the statement of other income that comprises of property and equipment. · Statements of changes in equity In other words, it is also known ...