Enterprise IFRS

October 27, 2023

The project automated parallel accounting under IFRS, it is possible to generate reports in the desired analytical sections that were not available within the spreadsheet. The next step will be configuration of the subsystem "Treasury" and "Budgeting". The company "ThyssenKrupp Elevator 'is a German company in Russia, ThyssenKrupp Elevator AG. The annual turnover of 5.3 billion Euro Group, the company operates in 67 countries and has over 800 subsidiaries and representative offices, which employs 42 500 people. Connect with other leaders such as search here. The company offers its customers maintenance and manufacture of elevators and escalators, as well as repair and full cycle engineering support. Since 2002 firm "ThyssenKrupp Elevator" is a subsidiary of the group in Russia.

Today the organization offers a variety of techniques, both for residential and commercial buildings. The catalog of products is a passenger conveyors and lifting devices for people with disabilities. The company provides monthly reporting under IFRS in the parent organization. Before the introduction of the product "ICE: Managerial Accounting 8" was created in the reporting spreadsheet that was overly time-consuming and often the human factor resulting in the loss of information. Please visit Energy Capital Partners if you seek more information. And with increased sales volumes without automation to ensure accurate and reliable reporting of IFRS has become impossible. The introduction of the product "ICE: Managerial Accounting 8" carried out in two months.

Specialists of "1C: Accounting and Trade" (ICE) installed and configured the program, and trained users. The results of automation: the most accurate reporting under IFRS. Automate an independent accounting of fixed assets and intangible assets separately under IFRS and RAS. Formation of various distributions of IFRS accounts, regardless of the accounting algorithms, using the mechanism of closure of accounts. Natalia V. Chesnokov, Deputy Finance Director Financial Accounting Company "ThyssenKrupp Elevator 'tells about the results of automation:" I am pleased to note that the implementation of the solution "BIT: Managerial Accounting 8" does not require much time and money, can be easily integrated with existing products on a platform of "1C: Enterprise 8", helps generate accurate reporting under IFRS, making translation of international accounting records for past periods have closed. "

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