Perfection of management accounting system
The service includes:
- development of recommendations on restructuring the business processes of planning, production / services prime cost formation and monitoring, the improvement of organizational structure, information exchange and document workflow for the purposes of management system improvement;
- recommendations on the improvement of accounting policies and management accounting and management reporting standards, elaboration of rules and regulations;
- development of production/services primary cost formation taking into consideration sectoral regulations and the specificity of concrete business;
- recommendations on the changes and integration of corporate information systems and the order of keeping analytical and production records in accordance with methodological requirements;
- methodological support of information technologies implementation on the basis of SAP and 1C systems for keeping records and management accounting reports preparation.
- provision of topical and reliable information for taking management decisions;
- provision of competitive costs level based on production differentiation;
- enterprise market value increasing;
- provision of tools for the control of management accounting system business processes;
- improvement of enterprise financial stability and reducing dependency on external financing.
Improvement of internal control system for financial accounting and accounting processes The service includes:
- corporate control system analysis and determining elements and objects of financial reporting internal control systems;
- revealing and evaluating the risks of financial reporting divergence;
- risk matrices and control procedures development and business processes modeling;
- current system diagnostics, including control procedures testing to improve their design and operational effectiveness;
- recommendations on internal control systems improvement;
- elaboration of company’s business units cooperation procedures;
- methodological support of internal control systems implementation.
- prevention of material mistakes in the course of financial statements preparation and corrections upon period end losing;
- provision of financial statements accuracy level required for taking effective management decisions, planning and achieving goals control;
- lowering labour efforts and expediting financial reporting preparation;
- lowering labour intensiveness when evaluating control effectiveness by internal audit of enterprise;
- restricting finance results manipulation capabilities;
- provision of corporate management system further improvement;
- allocation of responsibility for providing unauthentic financial statements.
* Work is performed in accordance with Article 19 of the Federal law No. 402-FZ dated 6 December 2011 “On accounting”.