OREANDA-NEWS. November 24, 2009. By December 17, they plan to get the complete fixed assets reporting for 9 months of 2009 made up in accordance with international financial reporting standards in all the branches of the Company.

In the photo: Natyana Maksimova, IDGC of North-West Chief Accountant

IDGC of North-West automates the system of the parallel account of the fixed assets in accordance with the international financial reporting standards (IFRS).

The system provides the connection with RAS account being the isolated one, it is able to carry out the complete account. Earlier, the IFRS reporting was prepared by the method of transformation of the reporting made in accordance with Russian Accounting Standards

“The system of parallel account will increase the quality and transparency of the reporting, as well as decrease the costs for the account carrying out,” explains Tatyana Maksimova, Chief Accountant of IDGC of North-West. “The Consultant of the project is “NP Consult”. Together with it, we developed and tested the system in “Karelenergo” – the pilot branch. 

Now all the branches of IDGC of North-West began the experimental and industrial system maintenance. By December 17 of the current year it is planned to get the complete reporting by the fixed assets for 9 months of 2009 in accordance with international standards by all the branches of the company.