The article discusses how Ukraine has been reforming its accounting system by adopting international standards like IFRS. It looks at the problems faced during this process and the potential benefits for Ukrainian enterprises. One key finding is that many accounting staff in Ukraine were not fully prepared to use IFRS, leading to an increase in outsourcing and training needs. Despite efforts to align national standards with IFRS, disagreements arose, prompting a preference for original IFRS. Overall, the use of IFRS has helped Ukrainian enterprises access Western capital markets.