, a logical algorithm of the program on consolidation of financial statements corresponds to the algorithm logic of consolidation.
3.2 Development of methodological recommendations on the formation of the consolidated accounts
objectives of developing guidelines for the formation of the consolidated financial statements are:
Automate the collection of information for the purposes of consolidated accounts;
Reducing the time for preparing the consolidated financial statements;
Improving the quality of reporting;
Improvement of the system of internal controls;
Regulation of procedures for the preparation and presentation of the consolidated accounts;
Preparation of the consolidated financial statements on the basis of full and accurate information on the activities of related companies as a single economic activities of the organization.main objectives of the development of guidelines for the formation of the consolidated financial statements are as follows:
A clear division of responsibilities, authority, and define measures of responsibility in the formation of the consolidated financial statements;
Effective collaboration between actors prepare consolidated accounts;
Ensuring compliance with the principles and methods of identity accounting policies used in the preparation of inter-related companies and the preparation of the consolidated financial statements;
The establishment of the unity of form and content of the consolidated financial statements;
Adoption of internal controls.to establish the consolidated financial statements are developed by specialists of JSC "CB", depending on regulatory required to compile the consolidated financial statements:
In accordance with the rules of RAS
For reporting purposes in accordance with IFRS,
For the purposes of the consolidated tax reporting,
For management purposes.to establish the consolidated financial statements in accordance with the rules of RAS address issues the following areas:
The rationale for the application of IFRS in the consolidated accounts in accordance with the rules of RAS;
Determination of the membership of the Group of companies for the purposes of consolidated accounts;
Procedure for registration information from the subsidiaries for the purpose of the consolidated financial statements;
Approval of the forms (forms) used in the preparation of the consolidated financial statements and instructions for their completion;
Drawing up a lis...
