1C: KORP Accounting

BCC version

The KORP version of the 1C: Accounting 8 program has the widest functionality. This version provides for end-to-end accounting in the context of organizational units, both allocated and not allocated to a separate balance sheet. Income and expenses, as well as actual profit are recorded for each separate subdivision.

For each separate subdivision, you can specify the addresses, phone numbers, names of the responsible persons of the subdivision. This data is displayed in the printed forms of all documents issued by a separate department. Separate numbering of documents by separate subdivisions is supported.

A specific accounting document flow is implemented between subdivisions allocated to a separate balance sheet - special documents of the "Memo" category are used:

• Fixed Asset Advice Note
• MPZ memo,
• Payment Advice Note,
• Payment advice for other transactions.

Tax accounting of separate subdivisions is carried out taking into account the peculiarities provided for by law. Taxpayers who have separate divisions calculate income tax as a whole by legal entity. At the same time, some expenses are included in the decrease in profit in the amount calculated as a whole for the legal entity, based on the amount of revenue, remuneration expenses, sold goods.

Calculation of shares and distribution of income tax according to the inspections of the Federal Tax Service, where separate divisions are registered, is carried out automatically during routine operations. After these routine transactions, the income tax return is automatically completed.

Any standard reports are used to analyze information for departments that are allocated and not allocated to a separate balance sheet. For example, to analyze revenue and cost of sales for each store, you can generate a Balance Sheet report for account 90 Sales by point of sale.

2023: Issue 1C: KORP IFRS Accounting 3.2

The company 1C"" on January 27, 2023 announced the release of version 3.2 1C: Accounting of the KORP configuration. IFRS

1C: KORP IFRS Accounting is designed to automate accounting, tax and IFRS accounting of enterprises that do not have subsidiaries. The updated version 3.2 can be used not only for partially or completely parallel management accounting and accounting under IFRS, but also for accounting in foreign companies on national charts of accounts.

In order to reduce the complexity of accounting under IFRS, the application solution provides for the translation of transactions and accounting data from the accounting and tax accounting subsystem into the IFRS subsystem with the ability to select an accounting option for different accounting objects (translation of data from RAS or parallel accounting).

In the updated edition:

• Accounting policies (chart of accounts, functional currency, VAT rates, parameters, and accounting accounts for different objects) are now set up in the Organizational Units x Scenarios matrix. In addition to the previously implemented online broadcast tools, parallel accounting of non-current assets, financial instruments, reserves, period-end closing, parallel accounting of the purchase and sale of goods and services, as well as payments and receipts of funds is automated. The revaluation of foreign currency assets and liabilities in the presentation currency has been finalized.
• In order to improve the accuracy of cost calculation and simplify the implementation of the IFRS subsystem, management accounting offers flexible ways to close IFRS cost accounts.
• The functionality of inventory cost adjustment in the framework of the document "Closing Inventory and Cost Accounts" has been expanded, cost calculation algorithms have been optimized.
• The IFRS Accounting Register Standard Reporting Package has been improved, which allows you to quickly and clearly analyze accounting data.
• To speed up the setup and start of the subsystem, a new automated workstation is implemented with the functions of checking the correctness of the chart of accounts, reconciling and adjusting posting translation templates, as well as selective translation of individual combinations of accounts or correspondence.

1C: KORP IFRS Accounting expands the range of standard 1C solutions that can be used to keep records and generate IFRS statements. For comprehensive automation of production enterprises interested in accounting under IFRS and having a high degree of convergence of accounting policies of RAS and IFRS, it is recommended to use the program product "1C:ERP Enterprise Management 2." To automate accounting and preparation of consolidated statements under IFRS of holdings, it is recommended to use "1C: Holding Management 8" or "1C:ERP. Holding Management 8. "

As of 27.01.2023, the following software products will be completed with version 3.2. The price of products also changes:

Revision 3.2 is provided to registered users of the 1C: KORP IFRS Accounting configuration who have a valid 1S:ITS Information Technology Support Agreement. The transition to revision 3.2 is carried out by updating the configuration of the corresponding version 3.1, while the accumulated to base data ones are stored in the information. Revision 3.2 requires a platform version "1C: Enterprise "8.3 19 or higher.

Version 3.2.1 of the configuration and version 8.3.19 of the platform can be obtained from the 1C: Updating programs service on the 1S:ITS portal.

Support for revision 3.1 is planned until April 2023. During this period, versions of editions 3.1 and 3.2 are planned to be released simultaneously.

2021: Issue "1C: KORP IFRS Accounting" version 3.1

On April 30, 2021, 1C announced the release of version 3.1 of the 1C: KORP IFRS Accounting configuration.

1C: KORP IFRS Accounting is designed to automate accounting, tax and IFRS accounting of enterprises that do not have subsidiaries.

In order to reduce the complexity of accounting under IFRS, the application solution provides for the translation of transactions and accounting data from the accounting and tax accounting subsystem into the IFRS subsystem with the ability to select an accounting option for different accounting objects (translation of data from RAS or parallel accounting).

In this revision:

• In order to improve the accuracy of cost calculation and simplify the implementation of the IFRS subsystem for management accounting, flexible methods of closing IFRS cost accounts have been implemented, including a simplified method "pro rata to the turnover translated from RAS."
• The functionality of inventory cost adjustment in the framework of the document "Closing Inventory and Cost Accounts" has been expanded, cost calculation algorithms have been optimized.
• The improved IFRS Accounting Ledger Standard Reporting Package allows you to quickly and clearly analyze accounting data.
• In parallel accounting of IGV, it became possible to combine the events of arrival and commissioning during filling according to RAS data.
• Optional accounting for IFRS accounts has been added by line of business.
• The realized upload from MS Excel chart of accounts, primary mapping and IFRS Transactions documents accelerates the implementation and management of subsequent changes.

1C: KORP IFRS Accounting expands the range of standard 1C solutions that can be used to keep records and generate IFRS statements. For comprehensive automation of production enterprises interested in accounting under IFRS and having a high degree of convergence of accounting policies of RAS and IFRS, it is recommended to use the program product "1C:ERP Enterprise Management 2." To automate accounting and preparation of consolidated statements under IFRS of holdings, it is recommended to use "1C: Holding Management 8" or "1C:ERP. Holding Management 8. "

As of 30.04.2021, the following software products will be completed with version 3.1:

The configuration description is also updated in these products.

2017: Application Beta "1C: KORP IFRS Accounting"

1C: KORP IFRS Accounting is designed to automate accounting, tax and IFRS accounting of enterprises that do not have subsidiaries. Thanks to the IFRS Accounting subsystem, previously implemented in the 1C: Holding Management application solution, in addition to accounting according to Russian standards, KORP Accounting IFRS provides a parallel assessment of the following accounting objects under IFRS:

• fixed assets;
• intangible assets;
• assets held for sale;
• financial instruments at fair or amortised cost;
• leasing issued and received;
• provision for doubtful debts;
• Provision for a decrease in inventory value;
• other income and expenses;
• deferred taxes;
• Cost and financial results.

In order to reduce the complexity of accounting under IFRS, the application solution provides for the translation of transactions and accounting data from the accounting and tax accounting subsystem into the IFRS subsystem with the ability to select an accounting option for different accounting objects (translation of data from RAS or parallel accounting).

The following configuration options will shorten the closing time of the IFRS reporting period:

• in addition to batch translation - "sub-document" translation of transactions;
• a "double" period-end closing enabling the period-end closing under IFRS prior to RAS to be translated into the next IFRS period of the change in the RAS period after the broadcast date;
• A portal of planned accruals that allows you to record non-invoiced transactions in accounting and match them to the actual transactions of the next period.

The system implements the individual reporting package and its notes.

1C: KORP IFRS Accounting expands the range of standard 1C solutions that can be used to keep records and generate IFRS statements. It is recommended to use the 1C:ERP Enterprise Management 2 software product to comprehensively automate accounting for production enterprises interested in accounting under IFRS and having a high degree of convergence between accounting policies of RAS and IFRS.

To automate the accounting and preparation of consolidated statements under IFRS holdings, it is recommended to use "1C: Holding Management 8," which, in addition to the functionality of "KORP IFRS Accounting" in part of IFRS, includes the following functions:

• Import data from external accounting systems and data collection packages in Microsoft Excel format
• transformational accounting model;
• accounting for the acquisition/disposal of the business;
• Group perimeter management
• Calculation of effective ownership of group organizations for perimeters with indirect and counter ownership;
• consolidation and elimination adjustments;
• Intra-group reconciliation portal
• ability to generate consolidated statements.

Product composition

Product delivery "1C: Accounting CORP IFRS. Beta "includes:

• 1C:Enterprise 8.3 platform,
• configuration of "Accounting CORPR IFRS" in the status of a beta version,
• software license agreement,
• software protection pincodes,
• a set of documentation for the platform and the supplied configuration.

License included in the supply of the product "1C: Accounting CORP IFRS. Beta version, "provides the use of an application solution in a file version in one workplace. To use this product in more workplaces, you need 1C:Enterprise 8 client licenses, which are purchased separately. You can also use 1C:Enterprise 8 client licenses purchased for other products. 1C offers client licenses for 1, 5, 10, 20, 50, 100, 300, 500 and 1000 workplaces. A complete list of client licenses and their prices is provided in the appendix to this information letter.

To use this application solution in the client-server version, a license for the 1C: Enterprise 8 server is required. The list of recommended licenses for the server is given in the appendix to this information letter. You can also use previously released 1C: Enterprise server licenses for versions 8.0, 8.1, and 8.2 of the platform with this product.

Product "1C: Accounting CORP IFRS. Beta "comes with software protection only, but you can use client and server licenses with software or hardware protection.

2013: revision 3.0 "1C: Accounting 8 KORP"

The 1C-Rarus company presented in April 2013 the version 3.0 of the 1C: Accounting 8 KORP program. The main purpose of the product is automation of accounting and tax accounting, as well as the organization of document management in companies with separate divisions - both allocated and not allocated to a separate balance sheet. The most important advantage is compliance with all legislation on accounting and reporting. The functionality of the program is constantly updated with the release of new legislative requirements.

"1C: Accounting 8 KORP (revision 3.0)" allows:

• Keep records of the activities of companies with separate divisions, as well as several organizations at the same time;
• Implement different taxation systems: general, simplified, single tax on imputed income;
• Maintain inventory records with their retirement estimates, as well as accounting for main and auxiliary production, semi-finished products and indirect costs;
• Organize warehouse quantitative or quantitative-sum accounting;
• Automate the accounting of sales transactions - receipts, sales and returns - and commission trading;
• Keep records of documents, agency contracts, commission purchase contracts;
• Optimize accounting of banking and cash transactions;
• Consider settlements with counterparties: suppliers and buyers;
• Maintain records of fixed assets and intangible assets, VAT;
• Implement payroll accounting and personalized accounting;
• Organize accounting for income tax, accounting for activities subject to a single tax on imputed income, apply a simplified taxation system on the basis of a patent;
• Generate reporting (standard, regulated) and final operations of the month.

The product has simplified navigation, an improved search system, and allows you to easily change and preserve the appearance of documents and reference books. The verification of the correct filling of documents has been improved. Built-in methodological support tools simplify the development of the program and allow you to quickly find data on the latest changes in legislation. All long-term operations are carried out in the background, which allows you to work in parallel in the system.

The payroll accounting functions have been improved: work with all data and the printing of personnel orders takes place directly in the employee's card. One general document has been created to reflect salary accruals, personal income tax and insurance premiums. It is possible to generate calculation lists by subdivisions. Protection of personal data of individuals has been implemented in accordance with the requirements of the Federal Law of 152-FZ.

The ability to submit reports via the Internet using a special communication operator authorized by 1C significantly facilitates communications with regulatory authorities.

A distinctive feature of the 3.0 edition is the use of new features of the 1C: Enterprise 8.2 platform, namely: working in thin and web client mode, advanced program interface management, economical use of company resources by transferring the main load to the server.