Events

• July 1, 2011; Kyiv. Roundtable “Action plan on the introduction of the International Financial Reporting Standards (IFRS) in Ukraine in the context of passing legislative changes”
  (Ministry of Finance of Ukraine, Ukrainian Federation of Professional Accountants and Auditors (UFPAA), FINREP)
  • A ROADMAP FOR IFRS IMPLEMENTATION IN UKRAINE
    USAID FINREP Project; July 2011
    
    ROUNDTABLE MATERIALS
  • PROGRAM
  • Conversion of banks to IFRS, the current state and measures planned to be taken to promote more effective application of standards by banking institutions; Vira Rychakivska, Deputy Governor of the National Bank of Ukraine (in Ukrainian)
  • Application of IFRS by public companies: legislative requirements, state-of-the-art, prospects ; Mykola Burmaka, Commissioner, Securities and Stock Market State Commission (in Ukrainian)
  • Proposed regulatory changes regarding transition to IFRS by nonbank financial institutions; Valentyna Levchenko, Deputy Chairman of the State Commission of Financial Services Markets Regulation (in Ukrainian)
  • IFRS implementation: recommendations of the World Bank based on ROSC Report ; Irina Babich, WB office in Ukraine (in Russian)
  • Infrastructure of the IFRS introduction in Ukraine; Svitlana Zubilevich, Ukrainian Federation of Professional Accountants and Auditors (in Ukrainian)
  • Application of institutional theory in a process of IFRS implementation in Ukraine; Valeriy Zhuk, Academician-Secretary of agrarian economy department of the National Academy of Sciences, Federation of Accountants, Auditors and Financiers of the Agricultural Sector of Ukraine (in Ukrainian)
  • Application of IFRS by Ukrainian companies – the way to investment attractiveness ; Mykola Melnik, partner, leader of the auditing department, Deloitte&Touche UA (in Ukrainian)
  • MEMORANDUM on interaction, cooperation and coordination of actions on the introduction of International Financial Reporting Standards in Ukraine; Ministry of Finance of Ukraine, National Bank of Ukraine
• May 18-20, 2011; Odessa. International Conference “Prospects for Development of Accounting, Auditing and Analysis in the Context of Euro-Integration”
  (Ukrainian Federation of Professional Accountants and Auditors (UFPAA), FINREP)
  • IFRS FOR UKRAINE MOVES FORWARD
    USAID FINREP Project; May 2011
    

    Photo Gallery

    CONFERENCE MATERIALS AGENDA Challenges and Successes in Implementing International Standards: Achieving Convergence to IFRSs and IASs; International Federation of Accountants, September 2004 All information on IFAC’s website is copyrighted material International Financial Reporting Standards: A World Benchmark for Transparent and Internationally Recognized Reporting by Legal Entities; Aldona Kamela-Sowinska, Professor, Member of IFAC Implementation of IFRS in Europe: Status, Challenges and Perspectives; Henri Fortin, Head of Centre for Financial Reporting Reform, World Bank, Vienna, Austria IFRS Implementation in Post-Soviet Countries: The Georgian Experience; Zurab Lalazashvili, Supervisory Board Chairman, Georgian Federation of Professional Accountants and Auditors Ukrainian Experience in IFRS Implementation: Plans and Prospects (in Russian); Oleg Kantsurov, Head of Accounting Methodology Division, Ministry of Finance of Ukraine IFRS Implementation for Banks: Current Status, Problems and Prospects (in Ukrainian); Bohdan Lukasevych, Chief Accountant, National Bank of Ukraine Making Financial Reporting Closer to the Investment Community; Andrei Busuioc, Financial Management Specialist, World Bank Center for Financial Reporting Reform (CFRR), Vienna, Austria Information Disclosure by Ukrainian Public Companies: Current Status and Prospects (in Ukrainian); Nikolai Burmaka, Commissioner, Securities and Stock Market State Commission Introducing the IFRS XBRL Taxonomy as a Step Forward in Implementing a World Standard of Financial Reporting (XBRL-IFRS); Michal Skopowski, Doctor of Economics, Expert of Business Reporting Advisory Group The Role of Audit in Business Reporting: Belgium Experience; Paul Van Geyt, Audit and Accountancy Expert, Institute of Enterprise Auditors, Brussels, Belgium The Role of Audit in Business Reporting: Lithuanian Experience; Jurgita Kirvaytiyene, President of the Auditors Chamber of Lithuania Prospects for Improvement of Statutory Regulation of Auditors Activity in Ukraine (in Ukrainian); Nikolai Gaidai, Head of Accounting and Audit Methodology Department, Academy of Finances under the Ministry of Finance of Ukraine Comparative analysis for IFRS Implementation on the Stock Market of CIS countries (in Russian); Elena Velichko, Department Deputy Head, Securities and Stock Market State Commission

Analytical Materials

• COMPARISON OF UKRAINIAN ACCOUNTING WITH INTERNATIONAL ACCOUNTING
  Benjamin Hill, Senior International Accounting Specialist
  USAID Capital Markets Project; July 2010

Legislation

• General Issues

1. Law of Ukraine on Accounting and Financial Reporting in Ukraine of 16 July 1999	Identification of legal fundamentals for regulation, organization, maintenance of financial records and preparation of financial statements in Ukraine
2. Ordinance of the Cabinet of Ministers of Ukraine No.911-r of 24 October 2007	Strategy for application of international financial reporting standards in Ukraine
3. Decree of the Cabinet of Ministers of Ukraine No.419 of February 28, 2000 "On Approval of the Financial Reports Submission Procedure" (as amended by the Decree of the Cabinet of Ministers of Ukraine No.1223 of November 30, 2011)	Financial reporting and consolidated financial statements shall be prepared according to the International Financial Reporting Standards by public companies, banks, insurers starting from 01.01.2012 as well as by the enterprises which carry out the following activities: - providing financial services, non-state pension provision – starting from 01.01.2013; - auxiliary activity in the sphere of financial services and insurance – starting from 01.01.2014

• IAS/ IFRS
  IFRS texts, IAS texts inclusive, issued by the IASB as amended of 1 January 2012.
  To access English version go to www.ifrs.org/IFRSs/IFRS.htm and get registered

4. IFRS 1	First Time Adoption of International Financial Reporting Standards
5. IFRS 2	Share-based Payments
6. IFRS 3	Business Combinations
7. IFRS 4	Insurance Contracts
8. IFRS 5	Non-current Assets Held for Sale and Discontinued Operations
9. IFRS 6	Exploration for and Evaluation of Mineral Resources
10. IFRS 7	Financial Instruments: Disclosures
11. IFRS 8	Operating Segments
12. IFRS 9	Financial Instruments
13. IAS 1	Presentation of Financial Statement
14. IAS 2	Inventories
15. IAS 7	Statement of Cash Flows
16. IAS 8	Accounting Policies, Changes in Accounting Estimates and Errors
17. IAS 10	Events after the Reporting Period
18. IAS 11	Construction Contracts
19. IAS 12	Income Taxes
20. IAS 16	Property, Plant and Equipment
21. IAS 17	Leases
22. IAS 18	Revenue
23. IAS 19	Employee Benefits
24. IAS 20	Accounting for Government Grants and Disclosure of Government Assistance
25. IAS 21	The Effects of Changes in Foreign Exchange Rates
26. IAS 23	Borrowing Costs
27. IAS 24	Related Party Disclosures
28. IAS 26	Accounting and Reporting by Retirement Benefit Plans
29. IAS 27	Consolidated and Separate Financial Statements
30. IAS 28	Investments in Associates
31. IAS 29	Financial Reporting in Hyperinflationary Economies
32. IAS 31	Interests in Joint Ventures
33. IAS 32	Financial Instruments: Presentation
34. IAS 34	Interim Financial Reporting
35. IAS 36	Impairment of Assets
36. IAS 37	Provisions, Contingent Liabilities and Contingent Assets
37. IAS 38	Intangible Assets
38. IAS 39	Financial Instruments: Recognition and Measurement
39. IAS 40	Investment Property
40. IAS 41	Agriculture