NFP: Model according to IFRS

2020: Representation of the program and methodological complex "Model according to IFRS"

On May 29, 2020 the NFP company announced creation in connection with the arisen demand in the market of the solution "Model according to IFRS". Many former versions of products 1C did not comprise the preconfigured model of International Financial Reporting Standards. It involved increase in costs of the company at implementation of a task.

The modern program and methodological complex "Model according to IFRS" allows to save means on a methodology development stage. The complex includes: the chart of accounts of IFRS on primary partitions of accounting, a mepping of broadcast of RSBU-MSFO, a set of initial settings (reference books, setup of exchange differences, etc.). These documents are presented in a document type by Excel which need to be loaded into a system.

• 1 XLIFFService: Error in XliffFile2XliffString method.

NFP quickly react to requests of the market and clients.-> We issued such solution for business which exempts from unnecessary physical, time, and material costs,}}

According to the partner of NFP Pavel Britvin, application of the developed model in projects on automation of the international financial statements and management accounting will allow to reduce time and cost of the stage "Development of Methodology" from 40 to 60%.