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Problems of IFRS Implementation in Ukraine and Their Solutions

Author

Listed:
  • Alla Kasich

    (Kremenchuk Mykhailo Ostohradskyi National University)

  • Yaroslava Yakovenko

    (Kremenchuk Mykhailo Ostohradskyi National University)

Abstract

The International Financial Reporting Standards (IFRS) in many countries have become a part of national legislation or common practice today. Ukraine, as well, has made the first steps towards the adoption of IFRS taking into view the national specifics. However, the adapting international standards adaptation process has caused problems requiring their urgent solution. This article focuses on the research of particular problems arising in the course of the IFRS implementation in Ukraine. The authors have reasoned the feasibility of the International Financial Reporting Standards introduction in Ukraine and considered the prospects of the international standards use in the national accounting. The stages of the IFRS implementation in Ukraine and the problems arising at each of these stages have been identified. The tools to be used for problem solution have been proposed and analyzed. As a result of the research done the shortcomings of current accounting system reform and ways to optimize the implementation of the IFRS in Ukraine have been highlighted.

Suggested Citation

  • Alla Kasich & Yaroslava Yakovenko, 2013. "Problems of IFRS Implementation in Ukraine and Their Solutions," Oblik i finansi, Institute of Accounting and Finance, issue 1, pages 22-27, March.
    • Handle: RePEc:iaf:journl:y:2013:i:1:p:22-27
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    File URL: http://www.afj.org.ua/pdf/43-problemi-vprovadzhennya-msfz-v-ukraini-ta-shlyahi-ih-virishennya.pdf
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    File URL: http://www.afj.org.ua/ua/article/43/
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    Citations

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    Cited by:

    1. Tetiana Shepel, 2021. "Development of Accounting in Ukraine Based on the Implementation of IFRS: Problems and Prospects," Oblik i finansi, Institute of Accounting and Finance, issue 1, pages 36-43, March.
    2. Alla Kasych & Rayisa Tsyhan, 2017. "Concept of Accounting and Analytical Provision of Cash Flow Management," Oblik i finansi, Institute of Accounting and Finance, issue 3, pages 28-37, September.
    3. Vasyl Tsaruk, 2018. "Corporate Governance Principles and Accounting: Ways of Harmonization," Oblik i finansi, Institute of Accounting and Finance, issue 4, pages 77-83, December.

    More about this item

    Keywords

    standardization; International Financial Reporting Standards; reform; Accounting transformation; National Accounting Standards;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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