Transformation of financial reporting of small enterprises according to IFRS

Introduction. Small businesses play an impor­tant role in ensuring the economic stability of Ukraine, but during war they are a difficult situation and need support. 
 Problem. For small enterprises, overcoming existing problems is possible thanks to cooperation with European companies, investors, counterparties, international financial organizations, entering foreign markets, attracting capital, participating grant projects, startups, etc., this requires transition accounting standards transformation reporting. The aim article highlight peculiarities business enterprises reporting find practical recommendations for improving Methods. During research, general scientific special methods were used, particular: induction, deduction, comparative analysis, synthesis, generalization, grouping, abstract logical methods. Results. sequence scheme from national ones analyzed, stage simplified into according International Financial Reporting Standard Medium Enterprises (IFRS SMEs) highlighted. characteristics procedures, examples features reclassification individual objects items, typical given. An amendment table provided statements enterprise standards. Conclusions. entity involves number organizational technical measures reformat policy, adjust system digitize it new rules approaches, etc. proposed corrective helps control process track relationship between changes made, promotes information disclosure transparency.