ements is a rather laborious process. Therefore, with appropriate use of information systems.these purposes, you can use the system "1C: Consolidation of 8", which provides for the collection, processing and presentation in a common format of financial information of all subsidiaries and affiliated companies, allowing to apply the necessary methodology and understand the requirements of international standards.performance and quality in the consolidation of financial statements corresponds to the algorithm logic of consolidation.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.the specialized system "1C: Consolidation TRAC 8" integrated methodology of transformation, containing a set of source, transformation and final form, provide reporting in accordance with IFRS. The model includes 60 transformational adjustments to reflect typical differences between the accounting policy of RAS and IFRS. The important point is to analyze the transformation of the statements of accounting policies used and the ability to define its basic parameters. br/>
a market economy any commercial organization seeks to reap economic benefits. It is this goal orientation in the work is essential in business organization, it is recognized as the most important factor in terms of the conditions of formation of the financial resources of any organization, its financial capital.main source of useful (clear, transparent, credible, substantial, reliable) information should be the financial statements.consolidated financial statements is primarily associated with large transnational corporations (TNCs), whose shares are listed on stock exchanges and transactions are international. Numerous small and medium-sized companies in most cases exempt from creating it.accordance with the concept of accounting and reporting in the medium term, approved by Order of the Ministry of Finance of Russia from July 1, 2004 № 180 consolidated financial statements as a variety of accounting information is intended only as a function and is interested external users. These statements should be one of the main sources of financial information for economic decision-making by these users. [10] main task in the area, the conso lidated financial statements is to pro...
