IAS / IFRS reporting

Digitization of management accounting and reporting according to IAS / IFRS, GAAP and HGB, based on 1C products.

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Advantages of IFRS automation using 1C:

Reduction of time for report preparation
Increased accuracy and reliability of data
Convenient transformation and consolidation of data
Flexibility and adaptability to changes in local standards
Transparency and control over financial operations

Special features of IAS / IFRS digitization in Russia and CIS countries

In terms of content, the accounting standards in Russia have been adapted to international accounting standards (IAS / IFRS). However, national peculiarities must be taken into account when accounting.

Since the application of Russian accounting standards is primarily tax-oriented, accountants in Russian companies are more tax experts. Therefore, you primarily take account of the tax requirements in accounting. Regarding IAS / IFRS, a financial statement is then often removed and logically it does not meet the European accounting standards.

Even with the support of your Russian accountant, commercial law issues can often not be clarified clearly. This can be explained by the fact that there is often a lack of knowledge about the differences and understanding of the interplay between Russian and international law.

Special features of IAS / IFRS digitization in Russia and CIS countries

Some key differences:

RAS	IAS (IFRS)
The goal Tax calculation, submission of reports to the regulatory authority	The goal Calculation of financial results, reporting within the organization for management and providing financial information to investors
Form and content Strict adherence to form. In practice, "form over substance" applies The documentation has a higher evidence value than the professional judgment of the auditor	Form and content IFRS has the principle of substance over form The professional judgment of the auditor is decisive
Consolidation Reporting on each business separately	Consolidation Reporting on a group of stores
Reporting period The reporting period is strictly specified from January 1 to December 31	Reporting period The organization determines the reporting period itself
Billing currency Russian rubles only	Billing currency The company chooses the billing currency independently
Chart of accounts Regulated by law	Chart of accounts Each company develops its own chart of accounts

With experts from assino you get

a list of accounting principles in accordance with IFRS and the specific characteristics of the company

a working chart of accounts in accordance with IFRS and the transfer of accounting information between RAS and IFRS accounts

the reclassification of operations (adjustment of operations to their economic content)

the recalculation of individual indicators in accordance with the IFRS accounting principles and formation of estimated reserves

a determination of a company's assets and liabilities

reports that take the special features of the company into account in an assino implementation: the forms are tailored to the company, the content is clear, comprehensible and easily accessible

preparation of the annual accounts and explanations

With experts from assino you get

A list of accounting principles in accordance with IFRS and the specific characteristics of the company

A working chart of accounts in accordance with IFRS and the transfer of accounting information between RAS and IFRS accounts

Иконка Reports that take the special features of the company into account in an assino implementation: the forms are tailored to the company, the content is clear, comprehensible and easily accessible

Reports that take the special features of the company into account in an assino implementation: the forms are tailored to the company, the content is clear, comprehensible and easily accessible

The recalculation of individual indicators in accordance with the IFRS accounting principles and formation of estimated reserves

A determination of a company's assets and liabilities

The reclassification of operations (adjustment of operations to their economic content)

Preparation of the annual accounts and explanations

With assino

Integrate your local company into an existing Western European system

Manage your Russian company like any other of your European companies

You will receive an accounting system in the usual configuration according to your internal standards such as IFRS, HGB etc.

You have a clear view of the ongoing business processes in your local company

You will receive individual advice in your language

We

International consulting company –
the market leader in automation of international companies in Russia and the CIS countries. Professionals with proven experience and an implemented quality management system ISO 9001:2015