ОСОБЛИВОСТІ ЗАСТОСУВАННЯ МСФЗ ДЛЯ МАЛИХ ПІДПРИЄМСТВ В УКРАЇНІ

Abstract

The adoption of the International Financial Reporting Standards for small enterprises (IFRS for small enterprises) has allowed to standardize accounting practice and systematize approaches to the formation of financial statements for small enterprises around the world. The article examines the process of implementing IFRS for small enterprises, identifies the specifics of using IFRS and considers the differences with national accounting standards of Ukraine. It is substantiated that the transition to the application of IFRS for small enterprises contributes to increasing the transparency, comparability and reliability of the financial statements of small enterprises and also facilitates the understanding and analysis of the financial statements of small enterprises by interested parties at the national and international level. The practical consequences associated with the introduction of IFRS for small enterprises in Ukraine are analyzed and it is proved that the formation of financial statements in accordance with IFRS can potentially expand the access of domestic small enterprises to global capital markets and increase their trust on the part of international investors and creditors. Emphasizing the need for harmonization between IFRS and national accounting standards of Ukraine, the expediency and advantages of implementing IFRS for small enterprises in the Ukrainian business environment are determined. It has been proven that small enterprises in Ukraine can use the implementation of IFRS not only to accord international reporting standards, but also to improve the financial management system, management structure and decision-making processes. The features of the adaptation of IFRS for small enterprises to Ukrainian realities, which will include staff training, the introduction of new accounting and reporting software, as well as the revision of internal control procedures are revealed. It is substantiated that the successful implementation of IFRS for small enterprises will contribute to the formation of a more transparent and effective system of financial management of the activities of small enterprises, which is crucial important in a competitive business environment.