Groups of OMZ are brought together by the reporting under the IFRS standards

On August 30, 2010 JSC OMZ and Galfind LLC company completed the project on implementation in Group of OMZ of the software product 1C: Consolidation PROF 8 intended for collecting of the reporting under the IFRS standards.

The main objective of the project were automation of the accounting transformational model existing in JSC OMZ for accomplishment of functions of collecting and consolidation of the reporting and creation of the uniform transparent unified information space for all enterprises of Group of OMZ (including and abroad).

In the project progress to the basic software product the Galfind LLC company added different functionality. Special attention was paid to creation of templates of adjustments of the reporting of Group in connection with consolidation of information with foreign subsidiaries (Skoda JS, the Czech Republic) and also completion of the built-in algorithms for ensuring comfortable and service and convenient work of users with a large number of reports.

The multifunction software product which gives the chance to work with data bulks is as a result received, contains the flexible configurations allowing rather quickly and is transparent to configure any models of collecting of the reporting of the enterprises of Group of OMZ, to control correctness of the entered information and to timely prepare the consolidated statements of Group of OMZ on the IFRS standards.

Technical characteristics of implementation:

• Option of work with the application – the client-server (or just network mode)
• Quantity of jobs – 93
• The volume of base (unloading of base) to project completion – 500 Mb