The main issues of IFRS For SME standards where companies make the most mistakes and which affect the company’s financial statements. These issues are:

• Changes in the terms of service of fixed assets and testing for impairment.
• Impairments of receivables.
• Write down inventories to net realizable value.
• Financial Lease/Leasing Recalculation and Accounting.
• Revenue recognition.

We will prepare the following files in Excel:

• Accounts receivable file
• File of depreciation of inventory at net realizable value
• Financial lease, leasing recalculation file
• Recalculation of loan files, both of the bank and of the loans taken from the founder

Using Excel we will organize:

• The source of the company’s turnover and we will carry out financial adjustments
• Profit and loss statement

Using Excel we will organize :

• Financial statements, the same as the balance sheet
• Capital movement reports
• Explanatory notes

From the company’s records, we will organize using Excel:

• Cash flow reporting by both direct and indirect methods