IFRS principles in financial analysis of PAO Severstal and PAO NLMK
Today IFRS (International Financial Reporting Standards) are the basis for the largest companies to submit their reports. Accepted in most countries of the world, they allow interested parties to find out all the necessary information about the company. The principles prescribed in IFRS are necessary in the analysis of its economic and financial situation. They enable each interested party to obtain reliable and complete data. A company that follows these principles will gain trust and, in the future, support from investors and supervisors, which will have a beneficial effect on it in the long term. Investors closely follow the published reports of the companies they interested in; any change in one of the key indicators immediately reflected in the price of their shares on the stock market. Therefore, most large companies listed on world stock exchanges publish their financial statements in accordance with the principles of IFRS. The relevance is justified by the trend of unification of standards for the provision of financial statements, as well as the extremely volatile situation in the global stock markets, which greatly influenced by way companies present financial statements. The purpose of this research is to determine how important the principles of International Financial Reporting Standards are in the financial analysis of the economic situation of a company, and to conduct financial analysis based on IFRS statements of PJSC NLMK and PJSC Severstal.