Ukrainian GAAP → IFRS map
Accounting area → what changes in transition
Ukrainian GAAP
PAS 7 — historical cost, optional revaluation
IFRS
IAS 16 — cost or revaluation model; IAS 36 — impairment test
Key difference
IFRS requires regular impairment testing; residual value reviewed annually
Start transition by listing material differences for your business — for most small entities it's inventory, revenue and leases. A full transition is only worth it when investors or a group requires it.