Management accounting / IFRS

The module "Management Accounting / IFRS" implements parallel accounting on an unlimited number of charts of accounts (RAS, MSFO/IFRS, GAAP, charts of accounts of management accounting, standards of other national systems and so forth).

On November 22, 2013 it became known of the output of the module "Management Accounting / IFRS" of konsaltinovy company Wiseadvice. The solution is focused on use by heads of financial services, chief financial officers or the enterprises where the selected system financial accounting and managements is required.

Description

The module gives an opportunity of parallel accounting on an unlimited number of charts of accounts (for example, RAS, MSFO/IFRS, GAAP, charts of accounts of management accounting, standards of other national systems and so forth). At the same time all data are stored in the uniform accounting register that provides uniform methodology of the solution, comparability of data, simplicity of setup of report forms.

Flexible configuration of a mepping

Simple and flexible configuration of broadcast of the different conditions given taking into account a set: on the account, according to correspondence, the account about the sub-account, the account with the sub-account with "difficult" selection, any request, depending on value of analytics in correspondence, the filter of exceptions on correspondence. At the same time setup allows not only to broadcast data, but also to modify them in the course of broadcasting (adding or removing analytics when broadcasting, modifying the scheme of reflection of transaction, adding correspondence, etc.)

Ready model of accounting according to IFRS

In the solution the accounting model according to the IFRS (IFRS) standards is implemented. The model consists of a full range of the audited report forms and notes (interpretations) to them and also accounting tools:

• the "frame" chart of accounts according to IFRS,
• standard documents according to IFRS (reserves, revaluations and so forth),
• parallel accounting of non-current assets (VNA),
• consolidation and elimination (VGO, shares and so forth)
• the mechanism of transformation of data both from the accounting systems of 1C, and from the Excel templates that is very important for the organizations in which account is kept not in products 1C and other accounting systems (SAP, Axapta, etc.).

Data sources

The subsystem of data sources gives to the user a versatile tool of interaction with the external accounting systems. At the same time given by a source it is possible to use as for reflections of data on registers of management accounting, and directly when reporting. For example, data on the accrued payroll it is possible to include in the reporting, having taught them directly from a payroll system, not reflecting them in management accounting.

Methods of formation of transactions

A system allows to create data of management accounting as by a transformation method, broadcasting (changing by rules of broadcasting) them of the external accounting systems, and I create primary documents in a system. In a system documents of data transfer, manual transactions IFRS, specialized documents according to sections of accounting, information about primary documents operational or accounting are implemented. An opportunity to create movements with the date other than date of the main movement is specialized documents on reflection of movements.

Documents and sections of parallel accounting

Mechanisms of parallel accounting it is tools which allow to complement our accounting with data which cannot be broadcast from other types of accounting and systems. They can create completely these data, or automatically adjust earlier broadcast data. There are documents of accounting of OS, discounting of the credits and loans, reklass of receivables, closing of account accounts, charges of reserves, revaluations, reclassifications of turnovers.

Consolidation / Elimination

For reflection of consolidation and eliminiruyushchy adjustments in a system mechanisms of selection and correction of VGO, NRP given for the amounts, including at the level of the reporting are implemented. At consolidation at the level of the reporting there is an opportunity to consolidate on any perimeter of consolidation.

Reporting

In a system the developed system of report generation is implemented. It includes as a set of standard reports on the register of accounting (The turnover balance sheet, Account analysis, the sheet on accounts and t.p), and a set of standard reports on the IFRS standards with interpretations (balance, the profit and loss statement, the report on an equity change, the cash flow statement). Report generation in a foreign language is supported. In addition in a system there is a designer of any reports who has functionality on settings of any reports for the purposes of management accounting (by analogy with Excel).

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