Automation of management accounting and accounting according to IFRS

EBS provides IFRS management accounting automation, transformation and preparation of IFRS accounts

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Automation of management accounting and accounting according to IFRS EBS

Development of accounting policies in accordance with IFRS

Automation of management accounting and accounting according to IFRS EBS

Development of technical specifications for automation

Automation of management accounting and accounting according to IFRS EBS

Setting up the necessary report forms and transcripts

EBS provides IFRS management accounting automation, transformation and preparation of IFRS accounts, as well as support for the company during its transition to IFRS.

IFRS services may include:

  • Transformation of financial statements prepared according to Ukrainian Accounting Regulations and Standards (PSBU) to IFRS;
  • Methodological and advisory support in the transition to IFRS (transaction analysis, identification of differences between PSBU and IFRS, advice on the application of approaches)
  • Analysis of tax consequences of changing approaches in local accounting
  • Preparing transformational and consolidation adjustments for a specific period
  • Preparing a printed form of financial statements according to IFRS for the period.
  • Preparing accounting policies under IFRS
  • Training of accountants in the framework of accounting changes during the transition to IFRS

IFRS reporting services will be provided by EBS experts who are certified auditors, professionals in accounting and IFRS, mandatory audit and audit of consolidated and financial statements prepared according to IFRS.

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The automation process is quite time-consuming and consists of the following steps:

1. Diagnostics, collection and analysis of requirements, preparation of the statement of work

  • Clarification of the accounting policy and organizational and financial structure
  • Deployment of the model base of the information base, modelling of the financial structure, design tools
  • Development of the management accounting automation concept and the overall system architecture
  • Development and coordination of business processes of the core activity
  • Development and coordination of the structure and forms of financial statements, performance indicators and cost allocation rules

2. Development of a unified information system for operational accounting and management

2.1 – Implementation of the statement of work for the management system

  • Implementation of general corporate accounting requirements
  • Implementation of accounting and management of the main business processes
  • Implementation of accounting and cash management

2.2 – Deployment of the system for trial operation

  • Training users to work with the new database
  • Organization of initial data input and transfer of balances
  • Improvements to the functionality for test operation
  • Development of user instructions
  • Support for closing the first month after the start of work with the new database
  • Revision of technical documentation based on the results of testing of the modified functionality

3. Development and implementation of the financial reporting system

3.1 – Implementation of the statement of work for the formation of financial statements

  • Implementation of financial statements and calculations of financial indicators
  • Implementation of data exchange and reconciliation tools
  • Implementation of additional user requests

3.2 – Transfer of the system into commercial operation

  • Training users to work with the reporting system
  • Support for closing the first month after the start of work with the new database

Automation of management accounting and accounting according to IFRS an investment in company development

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Need an automation of management accounting and accounting according to IFRS consultation?

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Hard to figure out who needs this?

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Do you want quality reporting according to international standards?

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EBS consultants are ready for your request

Convenience from automation of management accounting and accounting according to IFRS with EBS

01

Expertise

Providing reports according to international standards

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Risks

Minimizing Reporting Errors

03

Speed

Prompt response to customer requests

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Quality

Optimizing and improving the quality of reporting

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Modern approaches

High-level hardware and software

06

Volumes

Large amounts of information processing by our specialists

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Relevance

Constant Legislative Tracking

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Experience

Lessons from Leading Enterprises

Automation of management accounting and accounting according to IFRS EBS

We are happy to host a meet and greet meeting and a initial consultation on automation of management accounting and accounting according to IFRS

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    Automation of management accounting and accounting according to IFRS EBS
    Automation of management accounting and accounting according to IFRS EBS
    Automation of management accounting and accounting according to IFRS EBS
    Automation of management accounting and accounting according to IFRS EBS
    Automation of management accounting and accounting according to IFRS EBS
    Automation of management accounting and accounting according to IFRS EBS
    Automation of management accounting and accounting according to IFRS EBS
    Automation of management accounting and accounting according to IFRS EBS
    Automation of management accounting and accounting according to IFRS EBS
    Automation of management accounting and accounting according to IFRS EBS
    Automation of management accounting and accounting according to IFRS EBS
    Automation of management accounting and accounting according to IFRS EBS

    Automation of operational and management accounting

    IFRS management accounting advisory services

    We also provide advisory services in support of IFRS accounting on a subscription basis, which include the following:

    • Verbal and written consulting on the application of IFRS
    • Checking the calculation of adjustments
    • Overview of financial statements disclosures
    • Other tasks on request
    • IFRS consultancy for heads of departments

    IFRS reporting and management accounting automation in Ukraine

    EBS experts provide services in management accounting, namely automation of enterprise management accounting and preparation of IFRS financial statements to companies throughout Ukraine and abroad, as we understand the importance of customer support and are ready to become a reliable partner for any company.

    Don’t hesitate to contact us for advice, and we will make preparing financial statements for your company an easy process.