We automate all transformational adjustments: from technical specifications to go-live implementation

What happens if your key calculations remain in MS Excel?
How reliable and relevant will this information be for audits and external investors?

How We Work:

01 Formalization of the accounting framework and preparation of accounting policies with demo models for automation The first step towards automation is the preparation of demo examples. Accounting policy models are required as test scenarios
02 Preparation of Technical Specifications We will prepare a new technical specification or provide an existing one for your transformational adjustments. It is a detailed description of system objects, procedures, and reports
03 Programming According to Technical Specifications Based on the approved project documentation, we will develop IFRS accounting functionalities. Testing is conducted using the demo examples specified in the accounting policy
04 Testing and Go-Live Implementation of the Developed Subsystems We support our functionalities from request submission to period closing

WHY OUR FUNCTIONALITIES ARE NEEDED?

In accordance with the Law of Ukraine "On Accounting and Financial Reporting in Ukraine," publicly significant enterprises prepare financial statements and consolidated financial statements in accordance with international standards. Therefore, your functionalities must be included in the accounting system
We can assist.
All our developments are supported by actuaries and auditors
Most Complex IFRS Adjustments Why do some IFRS adjustments require additional attention? Let us illustrate with IFRS 16 "Leases": the lease payment amount must be discounted. Then, the short-term portion of long-term liabilities must be separated, depreciation of the right-of-use asset calculated, and interest recognized. This is our area of expertise — feel free to contact us.
What should be done when all transformational adjustments are automated? Naturally, consolidate the financial statements We will perform financial statement consolidation using specialized software or develop a consolidation system tailored specifically for your organization

Analysis of the Action Roadmap Using an Example Adjustment. Our example: automation of the revaluation process of fixed assets and the loading of the appraiser’s report into the accounting system

How this process occurs step by step?

1. Selection of an independent appraiser. The specialist or a licensed company must determine the new terms and the updated value.
2. Analysis of the appraiser’s report. Uploading the report into the accounting system. It should be noted that some accounting systems include a "Fixed Asset Revaluation" document, which records the fair useful life of the asset and the value specified by the appraiser.
3. Perform tasks for depreciation calculation, cost accounting, and period closing. Analyze the impact of the revaluation on product cost and other company performance indicators. We provide end-to-end support for the entire process. Feel free to contact us.

Зворотній звʼязок

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