AdWatch (Homnet: IFRS)

In AdWatch/Isobar Russia advertizing agency the implementation project of the software product "is completed by Homnet: IFRS". As the partner in implementation the Homnet Consulting company (file) which developed this solution is attracted. The software product provides report generation, allowing to compare accounting data and accounting systems on accounts of the IFRS and GAAP depending on settings of rules of transformation, updating of the scenario of the budget for actual data of already last periods that allows to make timely management decisions.

Also selected system solves the following problems: conducting multicorporate management accounting; preparation of individual statements according to international standards; preparation of the consolidated statements; creation of budgets and maintaining plan-fact analysis.

Within the project of automation implementation of the software product "Homnet is executed: The IFRS", are loaded the chart of accounts and a reporting structure, the mepping (compliance) of accounts of accounting and IFRS is configured.

According to company management, the automated blocks allowed to prepare qualitative financial statements according to the principles of IFRS (GAAP) depending on current demands. A system significantly reduced time frames of preparation of the reporting, labor input of its formation and excluded possibility of the errors caused by a human factor.