Home  Journals  International Accounting  8(254) - 2013 February

Chart of accounts during the preparation of first financial statements according to the IFRS

Available online: 25 February 2013

Subject Heading: ON THE WAY TO THE INTERNATIONAL STANDARDS

JEL Classification: 

Preparation of chart of accounts during the first time adoption of the IFRS is still urgent and complex problem for many companies which decided to make a chart of accounts according to the IFRS at the first time. Chart of accounts is vital for a preparation of disclosures for the statements, for purposes of analysis and managing a business of the company. This article is devoted to peculiarities of preparing the chart of accounts during the issue of first financial statements according to the IFRS, and uncovers problems of a preparation of first chart of accounts according to the IFRS.

Keywords: chart of accounts, first financial statements, mapping, analytics, automation, transformation, parallel accounting, IFRS

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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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