Journal of Economics and Economic Education Research (Print ISSN: 1533-3590; Online ISSN: 1533-3604)


Adoption of Ifrs For Sme In Ukraine

Author(s): Valentyna Kostyuchenko, Anastasiia Kovalova

Implementation of the Association Agreement between Ukraine and the EU creates additional opportunities for small and medium-sized businesses. In order to understand the information on the financial condition and results of small and medium-sized enterprises, Ukrainian accounting legislation has been brought into line with European Directives. An article on self-determination of the expediency of applying International Standards for the preparation of financial statements was introduced into the Law on Accounting and Financial Reporting in Ukraine. This enables small and medium-sized enterprises to move from National Accounting Standards to International Financial Reporting Standards for small and medium-sized enterprises.

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