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Economy, Finance, Accountancy

Salary for position IFRS specialist in Latvia

The average monthly net salary in Latvia is
An employee's salary is influenced by several factors, primarily the region in which they work, length of experience, company size, and more.
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80% of people earn:
1,502 - 4,661 EUR
10% earn less lthan 1,502 EUR
10% earns more than 4,661 EUR
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Salaries in the survey are expressed in net.

Based on the Algas.lv salary survey, 80% of people on the IFRS specialist position in the Latvia earn between 1,502 EUR and 4,661 EUR monthly net.

10% of employees earn less than 1,502 EUR and 10% of people earn more than 4,661 EUR.

The survey is based on data from employees, cleaned of extreme and duplicate values. By taking a free, anonymous survey, you will get a more accurate salary comparison with other people working in the same position as you.
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What kind of work does IFRS specialist typically do

  • Responsibility for reporting according to international standards
  • Ensuring monthly closings (including IFRS, etc.); initiation of measures to optimize closing processes across departments
  • Processing of consolidated financial statements or preparation of documents for consolidation (including IFRS, etc.)
  • Compilation of statutory and managerial reporting (according to CAS, IFRS, US GAAP); implementation and compliance with group reporting standards and policies; reporting segmentation
  • Consolidation of financial statements and business combination, including resolution of problem areas (elimination of interrelationships, deferred tax, reporting and disclosure obligations)
  • Control of compliance with accounting rules in individual companies of the concern for the purpose of correct and verifiable consolidated accounting according to international standards
  • Support of specific areas (e.g. transfer pricing and documentation of transfer prices; cash pooling)
  • Preparation of documents for accounting and tax audits and communication with auditors

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The most common career path of an employee

The graphic shows how employees most often progress in their careers. Click on the name of the position to get to its detail with salary data.

Position: IFRS specialist

The job position is
in the salary ranking on

30 place

Women representation in position

n/a

Average age of respondent in position

n/a

606. place

Au-pair

General labour

Salary group 1

507 - 888 EUR

31. place

Java Programmer

Information Technology

Salary group 2

1,653 - 4,413 EUR

30. place

IFRS specialist

Economy, Finance, Accountancy

Salary group 2

1,502 - 4,661 EUR

29. place

Head of product development

Management

Salary group 2

1,594 - 4,534 EUR

1. place

Sailor

Transport, Haulage, Logistics

Salary group 3

2,453 - 8,717 EUR

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Frequently asked Questions

Frequently asked questions and answers about the salary for the position IFRS specialist.

The total gross salary for the position IFRS specialist ranges between 1,264 EUR and 7,979 EUR per month. For an accurate comparison, we recommend checking your salary through the questionnaire on Algas.lv to get a more precise view of the salary, considering the region where you work.

The highest-earning employees in the position IFRS specialist have a total gross salary of at least 4,661 EUR per month.

10% of the highest-earning employees in this position have a total gross salary higher than 4,661 EUR per month, and 10% of the lowest-earning employees in this position have a total gross salary lower than 1,502 EUR per month. By participating in our salary survey, you will get an accurate comparison of your salary with the market average, considering the region where you work.

After working for 5 years, the position IFRS specialist earns 3,197 EUR per month gross.

You need to be well prepared for salary negotiations. During salary negotiation, we recommend focusing on the following aspects:
  • find out the current market value of the position – on Algas.lv you can check it for free and anonymously
  • highlight your experience and achievements – it is good to time the salary discussion well
  • expanded responsibilities – if you work beyond your role and assigned duties
  • prepare alternatives – if a salary increase is not possible, there are other options (bonuses, extra vacation, etc.)

The salary data comes from a pay survey where everyone can anonymously compare their salary with other employees working in the same position. We clean and process this data according to our methodology. For the position IFRS specialist, we currently have less than 20 verified respondents collected.