Valuation for IFRS
International financial reporting standards (IFRS) currently uses the “fair value” (the real value of the valuated property), i.e. the valuated property can be obtained at the given time in the given location for the given value.
This substantial change leads to a more transparent and conclusive reporting of the accounting, but it places higher demands on companies due to the demonstration of the correct determination of the real prices. We provide these services to our clients:
- The preparation of a financial model according to which the regular revaluation is carried out;
- Services of the regular revaluation of the company’s assets for the proper assessment of decreases to the value of the assets (impairment);
- Reporting assets in annually updated real values;
- Consulting regarding the solution of complications arising from the different reporting of these transactions according to Czech accounting standards and IFRS.