Homnet: IFRS Ukraine

Software product "Homnet: The IFRS" for Ukraine are intended for automation of a reporting preparation according to international standards (MSFO, GAAP) and management accounting. This configuration is created based on the standard solution "1C: Accounting 8 for Ukraine" taking into account specifics of accounting in Ukraine.

Solution "Homnet: By IFRS" it is presented at the market since 2007. During this time the product proved as the reliable and convenient tool for solving of tasks of financial service of the enterprise. "Homnet: The IFRS" are recognized by 1C Company compatible to the system of the programs "1C:Enterprise 8" and are used more than in 50 Russian companies and foreign missions, solving problems:

• Conducting multicorporate accounting according to international standards.
• Conducting multicorporate management accounting.
• Preparation of individual statements according to international standards.
• Preparation of the consolidated statements.
• Constructions of budgets and maintaining plan-fact analysis.

"To the enterprises with the foreign capital, to foreign missions, and also export-oriented companies, - to all of them it is necessary to make the reporting and to keep account according to rules of international standards in parallel with national accounting systems. Ukrainian enterprises not an exception. The convenient tool which will be addition to the software product used for accounting and tax accounting according to the legislation of Ukraine is necessary for creation of a qualitative system of "the western accounting" and financial statements. Ukrainian version "Homnet: The IFRS" are addition to one of the popular programs "1C: Accounting 8 for Ukraine" and reflect features of national accounting. Customizability "Homnet: The IFRS" and simplicity of implementation were estimated by the Russian users, we believe that the product will be demanded also in the Ukrainian market, – Tushev Sergey, the chief executive notes Homnet Consulting.

"Homnet: The IFRS" allow to define additional systems of accounting of the company independently – whether it be accounting on MSFO, US GAAP or internal management accounting. Under each accounting system the company configures the separate chart of accounts. Using "Homnet: The IFRS" can keep the parallel account which is not connected with a national accounting system, it is possible to create reports on international standards by method of transformation of the reporting and also there is an opportunity to combine two of these methods. Each company independently defines a reporting method.

For the Ukrainian version "Homnet: The IFRS" provide information and technology support. Homnet Consulting is going to update a system, to release relevant releases. To purchase the software product and also to receive implementation services it is possible in Homnet Consulting company and at partners in the territory of Ukraine.