Transformation of financial statements under IFRS on the example of LLC "Company Profit"

The issues of transition of Russian enterprises to International financial reporting standards (IFRS) are relevant. This is due to the fact that IFRS are one of the main tools that guarantee the provision of transparent and unified information about the company's financial position that is useful for making economic decisions to various groups of users. As a result of applying IFRS, the issue of transformation of financial statements prepared in accordance with Russian standards into financial statements under IFRS is raised. Therefore, it is necessary to consider the process of transformation of reporting according to international standards on the example of LLC «Сompany Profit».