Financial statements in accordance with International Financial Reporting Standards (IFRS)
Today, the use of elaborate statements in accordance with International Financial Reporting Standards (IFRS) is a necessary condition for the radical expansion of Russian business cooperation with foreign partners, as well as for attracting foreign investors.
Our business intelligence system is a flexible solution: it can be configured in accordance with the IFRS and the personal needs of the financial director of your organization. In addition, the business intelligence system allows you to move the wiring from the existing accounting system and form the basis for the statements under the IFRS. The process of transforming transactions can be flexibly configured.
What does the setting of the solutions for IFRS provide you with?
- Simplified access to credit and attraction of foreign investment due to high presentation performance of the company's financial activity
- There is a possibility of foreign audit
- Reduced work load on the activities of departments that provide the IFRS statements
- High level of training for the employees
What tools are there in the business intelligence system for the preparation of IFRS financial statements?
- Data upload from the accounting system
- Correction of the "standard" errors
- Enrichment of data on additional background information
- Calculation of the allocation bases
- Preparation of management and IFRS adjustments
- Preparation of financial and analytical data
- Preparation of financial statements