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International Financial Reporting Standards (IFRS) in Georgia

IFRS – International Financial Reporting Standard

International Financial Reporting Standards (IFRS) are a set of international accounting standards that specify how certain types of transactions and other events should be treated in financial statements.

IFRS were created to have a “common language” for accounting because business standards and accounting practices can differ both from company to company and country to country.

The purpose of IFRS is to maintain stability and transparency in the financial world. This allows businesses and individual investors to make informed financial decisions as they can see exactly what is happening with the company they want to invest in.

Financial Chain Corporation has extensive experience in the preparation of international financial statements. The transfer of accounting and tax policy functionality will allow the CEO of the company to focus on doing business: to achieve great success in the work of the company; pay attention to business processes.

FCHAIN offers a comprehensive solution for generating IFRS statements:

  • audit according to IFRS;
  • development of the necessary procedures and accounting policies for the preparation of financial statements in accordance with IFRS;
  • analysis of discrepancies between the required information and currently available information;
  • transformation and consolidation of current reporting in IFRS;
  • advice and assistance in the transition to IFRS.

Our certified experts in the field of business consulting optimize the process  of accounting documentation preparation and accounting for a particular taxation system. The Financial Chain Corporation has an international status due to the development of our branch network. Our experience in working with international projects allows us to provide high-quality services in the transition to IFRS to any company, regardless of the sector of the economy and form of ownership.

With FChain, you can devote yourself to your business to the maximum and achieve the desired results!

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