About the essence of process of transformation of financial statements according to IFRS
The article considers the essence of process of transformation as detection of available discrepancies in the accounting on Russian Accounting Standards (Accounting Regulations) and on International Financial Reporting Standards (IFRS) and making the necessary changes into the Russian statements. Authors allocated the main stages of transformation of financial statements, having described procedures for each of stages in detail, and gave the array of corrective accounting transaction (К1 - К9). Transformation of the Russian statements can be carried out as by in-house organization, and by means of outside experts on the outsourcing principles. In practice the second way is most often used, since the performance of transformational procedures is associated with need of thorough knowledge of the Russian and international registration standards, and also technique of transformation of statements.