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JSC LATVIA BALSAMS (Registration number 40003031873)UNAUDITED CONDENSED FINANCIAL STATEMENTS for the first six months of 2019 prepared in accordance with International Financial Reporting Standards
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01
Identify the entities in the organization using IFRS accounting standards.
02
Fill out the necessary financial statements based on the IFRS requirements.
03
Ensure accuracy and compliance with IFRS guidelines while completing the financial reports.
04
Regularly update financial statements according to any changes in IFRS standards.

Who needs who uses ifrs accounting?

01
Companies operating in multiple countries to have uniform financial reporting standards.
02
Investors and stakeholders looking for standardized and transparent financial information.
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Regulatory bodies and governments requiring companies to follow international accounting standards.
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Financial analysts and professionals using IFRS for comparing financial performance across industries.
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IFRS accounting standards are used by companies that operate on an international scale.
Companies that operate internationally or are listed on a stock exchange that requires IFRS standards.
Companies must ensure their financial statements comply with IFRS standards by following the guidelines set forth by the International Accounting Standards Board.
The purpose of using IFRS accounting is to improve transparency and comparability in financial reporting across international markets.
Financial statements prepared in accordance with IFRS standards must include balance sheets, income statements, cash flow statements, and notes to the financial statements.
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