In the course of the Committee sitting it was declared that the Bill (Reg.№5435) is aimed at the further reforming of the accounting system and transference of the majority of Ukrainian enterprises on international accounting standards and harmonisation of accounting standards to the International financing reporting standards etc.
The Bill envisages introduction of new terms "professional accountant", "international standards of finance reporting", "legal entities of social significance", "administrative data" etc.
The Bill also contains other clauses aimed at the further reforming of the accounting system in Ukraine.