Our company has developed an off-the-shelf product “1C:Accounting and management for professional participants of the securities market” (versions PROF and CORP). This product is to support the full and adequate transition of accounting and reporting in non-bank financial institutions to the new chart of accounts and new RF Central Bank industrial standards. This product will help to implement and atomize new accounting requirements, and to form regulatory reporting for the Central Bank.
In 2017-2018, non-bank financial institutions (NBFI) are to transfer to a new chart of accounts, which is in fact bank chart of account. This transfer includes:
Many NBFIs may find it a resource and labor-consuming task to fulfill such a transfer themselves. IAS professionals will be happy to offer you their knowledge and skills gained while helping credit organizations with the transfer to the unified chart of accounts.
The transfer to the unified chart of accounts makes it possible to fix quite a number of other tasks which can influence internal efficiency of an organization:
Within the service line we perform the transfer to the unified chart of accounts for the following NBFI:
The transfer to the unified chart of accounts is a complex project of the accounting IT-system replacement in an organization which involves:
Within the framework of the methodological project, our specialists will:
Within the automation project, our analysts and developers will:
Average timing of the development of the unified charter of accounts and the methodology of its application is between one and three months and depends on the tasks to be fulfilled, specifics of business-processes and the IT-landscape of the company. Generally, the transition project - including the automation – may take from four to nine months depending on the company’s size. The project included full implementation of the 1C product.
When the project is finalized, the client receives a ready-to-use package of methodological documents for its IT-specialists, and in the case of a complete project – a turnkey system. Employees of the client get involved in the project in the reasonably manner, thus, they become fully aware of the work in the new system.
In addition, IAS specialists conduct trainings for employees of the client.
The IAS banking and consulting group actively participates in the life of the professional community.
One of our experts is the head of the NAUFOR expert council for the transfer to the new chart of accounts.
We also work closely with other professional associations in relation to the new chart of accounts. We have developed the standard accounting policy for professional participants. We take part in working groups and round tables organized by the RF Central Bank.