International Financial Reporting Standards (IFRS) and Management Accounting Services

  • The rules of Russian accounting and reporting forms for presenting results are significantly different from international principles and standards (IFRS). In some cases, this nonconformity may complicate interpretation, operational analysis and control of current economic activities of an enterprise and hinder the consolidation procedure of financial results into a summary financial report for subsidiaries of foreign companies or for companies controlled by major international corporations.

    Avenir Resources provides financial and management accounting services, including full-scale restatement of Russian financial reporting in accordance with the International Financial Reporting Standards (IFRS) and with internal corporate standards. We provide comprehensive assistance in development and preparation of various financial reporting forms for successful planning and analysis of a company’s economic activities, as well as for the purposes of effective economic control:
    1. Accounting and financial reporting in accordance with international standards (IFRS)
    2. Preparation of summary financial reporting in accordance with IFRS standards for the company’s international auditing with the active participation of the client
    3. Management accounting and preparation of various financial reports in accordance with the client’s internal corporate standards
    4. Budgeting and budget control
    5. Tax planning
    6. Financial control and financial analysis of the company’s financial activities
    We have two working languages - Russian and English – for effective day-to-day communication with financial managers both in Russia and abroad using the customary language of international financial accounting to communicate with foreign specialists.

    Avenir Resources can perform the above-listed tasks both within the framework of an outsourcing contract for Russian business and tax accounting and, irrespective of this, as individual one-time services or continuous support of the client’s operational activities.
 

To get more information, please contact the Avenir Resources company at (+7 495) 980-7606 or send an e-mail request to: