APPLICATION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS IN INDUSTRY IN FORMING COMPETITIVE CORPORATE STRATEGIES

Abstract

This study analyzes the mechanisms of corporate strategies formation and competitiveness assurance based on International Financial Reporting Standards (IFRS) of financial statements. The introduction of IFRS strengthens the competitiveness of companies by optimizing corporate financial stability, transparency and investment attraction opportunities. The study highlights the impact of standards integration on risk management, financial control systems and strategic planning with complex economic approaches. Also, based on international experience, strategies for adapting national financial systems and ensuring sustainable development are proposed, which will serve to increase corporate economic security.