Management Reporting

Managemnet Reporting in Ukraine 

As Ukrainian accounting regulations are very formalistic and consequently have very little economical significance, it is often recommendable to prepare additional reports based on Western accounting standards. Cost centers and cost unit calculations are unknown in ГUkrainian accounting. Even cost categories are not represented in the standard profit and loss statements.

As experts in the field of financial analysis we will generate various types of management reports for you:

• Management reports according to your requirements. You might have Excel-Standards, which are already used monthly in other countries. We can adopt these to Ukrainian accounting.
• Simple Aggregate Amount and Account Balance in German or English, supplemented with comments on balances, which would be different according to the Western understanding.
• Reports with cost centers
• Short summaries in German or English about the numbers, which result from the reports for the Ukrainian authorities.

Timing is often a crucial point. Whereas Ukrainian authorities do not know about Fast Closing (very quick closing, using some estimations), we are aware of your needs as a customer to receive a report shortly after the end of the reporting period.