Вплив МСФЗ на трансформацію обліку в Україні

English

The impact of IFRS on accounting transformation in Ukraine

Abstract. Introduction. The rapid globalization of financial markets and the increasing integration of national economies have highlighted the need for a profound transformation of Ukraine’s accounting system. One of the most significant elements of this transformation is the implementation of International Financial Reporting Standards (IFRS), which establish unified global principles for producing transparent and comparable financial information. The adoption of IFRS in Ukraine represents a strategic shift from the historically inherited administrative accounting model toward a market-oriented system aligned with global investor expectations. Purpose. The aim of the study is to provide a comprehensive assessment of the influence of IFRS on the development of Ukraine’s national accounting and financial reporting system, to identify the main advantages and challenges of their implementation, and to outline priority directions for further enhancement of the harmonization process. Materials and methods. The research is based on an analysis of Ukrainian legislative and regulatory documents that govern the application of IFRS, scientific publications of Ukrainian scholars, and official methodological sources related to international accounting standards. The methodological framework includes historical and comparative analysis, content analysis of legal acts, systematization of methodological approaches to accounting harmonization, and synthesis of identified problems and benefits of IFRS adoption. Results. The findings demonstrate that IFRS implementation significantly improves the transparency, reliability and analytical value of financial information produced by Ukrainian entities. The transition to IFRS has strengthened the confidence of international investors, supported the development of corporate governance practices and enhanced the competitiveness of Ukrainian companies in global capital markets. However, several challenges remain unresolved, including regulatory inconsistencies between national rules and IFRS requirements, insufficient institutional support, limited availability of qualified accounting professionals, and substantial financial costs associated with training, consultancy and modernization of accounting software. The study emphasizes that the effectiveness of IFRS adoption largely depends on the development of professional competence, availability of methodological resources and coherence of regulatory frameworks. Prospects. Future studies should focus on assessing the sectoral specificity of IFRS application, elaborating state-supported mechanisms for facilitating the transition for enterprises—especially small and medium-sized ones—and developing digital infrastructures that simplify the preparation and submission of IFRS-based financial statements. Additionally, further research should address the integration of Ukrainian accounting practices with European regulatory standards and evaluate the long-term impact of IFRS implementation on financial system stability and investment climate.

Keywords: International Financial Reporting Standards; accounting harmonization; financial information transparency; investment attractiveness; regulatory framework