The article is devoted to the development of the financial statements analysis in the transition to international standards (IFRS). On the basis of the foreign and domestic experience's systematization the authors propose an original conceptual approach to the analysis of the financial statements that are formed in accordance with IFRS. As parts of this analysis it is possible to distinguish four consecutive and interrelated stages: the preparatory stage, the stage of interpretation, the stage of calculation and analysis and the stage of forecasting.