Automation of IFRS financial reporting preparation based on 1C

If you need to prepare the financial statements in accordance with IFRS promptly and accurately, Unicon professionals will help your company automatise this process in 1C. This is required for public companies and will enforce market positions of enterprises whose management plans to prepare financial statements under IFRS for attracting investment and management decision making based on these statements.

Our experts will help you choose the most relevant method of the preparation of the financial statements under IFRS or combine several techniques such as transformation, parallel accounting or translation of entries.

We will assist you in your choice of parallel accounting or translation of entries techniques in the automatisation of the accounting under IFRS. In particular, we can develop for the preparation of the financial statements under IFRS in 1С:

• changes in the accounting policy under IFRS having consideration for possible convergence with the accounting under Russian federal accounting standards;
• detailed functional requirements for automatisation in targeted IT system based on thoroughly worked out methodology.

If your company plans to prepare financial statements in accordance with IFRS for the first time, the best option is to engage an experienced consultant specialized in your industry.

You can assign the whole range of tasks on the preparation of the financial statements under IFRS on Unicon: our professionals will do the preparation and transformation of financial statements, and offer variations of the automatisation of the accounting under IFRS. Three decades of industry experience, unique methodologies and comprehensive expert reviews of Unicon team guarantee value of services for your business (аudit, tax and legal, consulting).

We will help develop methodological base for the first-time adoption of IFRS, determine transformation patterns and educate your staff on the process of the preparation of the financial statements in accordance with IFRS.

To get detailed information about Unicon industry expertise and cost of the service, please send us a request.

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