Redkin Pilot Plant (ITAN: Management Balance Sheet)

2021: Automation of management accounting and cost calculation

Works performed:

• Diagnostics of the existing accounting and analytical system, description of business processes, determination of information needs of the company
• Set up and automate the rules for obtaining actual information for management accounting for each account and analytical indicator according to TA
• Setting up budget model and management accounting model, setting up documents for processing received actual data, data translation system
• Automated Mepping from Rig to Management Chart of Accounts with Advanced Analytics
• Consulting and user support

Results obtained:

• Automated data collection process to generate management reporting on the necessary rules for the enterprise.
• Reports set up: Management balance; Statement of cash flows; Statement of Financial Results.
• Detailed cost of finished goods according to costing items.
• Increased accuracy of cost calculation.
• Management accounting is implemented on the management chart of accounts