IFRS consolidated financial statements on NAR(S)

IFRS consolidated financial statements on NAR(S)

The accounting company “Olympia-audit” renders accounting services for the preparation of consolidated financial statements in Kharkiv in the optimal time frame and at a reasonable cost thanks to a team of professionals and established methods.

Consolidated financial statements - the financial statements of the parent company, which includes the financial statements of the parent company and all its subsidiaries.

The parent company in the preparation of the consolidated financial statements should be guided by the requirements of International Financial Reporting Standards (IFRS), or the requirements of the National Accounting Regulations (Standards) NAR(S). Consolidated financial statements are prepared by orderly addition of financial statements of subsidiaries with similar indicators of the financial statements of the parent company. In preparing the consolidated financial statements the following items are subject to exclusion:

  • the book value of the financial investments of the parent company in each subsidiary and part of the parent company in the capital of each subsidiary,
  • the amount of intragroup transactions and intragroup balance,
  • the amount of unrealized profits and losses from intragroup transactions.

The procedure for preparing consolidated financial statements includes:

  • compilation of a consolidation table, which includes the financial statements of subsidiaries and the parent company,
  • filling in the exclusion column of the financial investments of the parent company in each subsidiary and of the part of the parent company in the capital of each subsidiary, the amount of intragroup transactions and the intragroup balance, the amount of unrealized profits and losses from intragroup transactions,
  • preparation of consolidated financial statements based on data from the consolidation table.

Our highly qualified specialists of our accounting company will promptly and professionally help the company with its subsidiaries to prepare consolidated financial statements for the NAR(S) and IFRS.See current prices and the cost of accounting service of compiling the consolidated financial statements in Kharkiv of the «Olympia-audit» audit firm, on the website in the section Cost of services here.   The accounting company “Olympia-Audit” offers the accounting service in preparation of consolidated financial statements in Kharkiv at a reasonable cost and an optimal price while ensuring proper quality.