The project of the organization of accounting of OS according to IFRS in Rusagrotrans

The department of IT services of 1C of Siam Consulting LLC company completed in 2015 the "Development of an Information System on Fixed Asset Accounting according to International Financial Reporting Standards" project ("Accounting of OS according to IFRS") on the 1C:Enterprise 8 platform for Rusagrotrans Ltd. The implemented functionality allows to prepare the consolidated statements on fixed assets of RTC group according to the IFRS standards.

During the project the single database containing data of fixed assets of all companies of the RTC group is created, broadcast of transactions RAS is executed, according to the set rules of a mepping, accounting of transactions of receipt, leaving, a transfer, depreciation and impairment of subjects of OS by the principles of IFRS is automated. Project Results:

• Reduction of labor input of accounting of fixed assets according to IFRS due to use of data of the Russian accounting.
• Quality improvement and speeds of calculation of transformational adjustments by preparation of the reporting under IFRS.
• Efficiency of planning of financial performance according to OS according to IFRS.
• Reduction of the volume of the inquiries sent to the companies of Group.