OREANDA-NEWS. On 14 March 2008 was announced, that Irkutskenergo had completed the reporting preparation automation project under IFRS on the basis of “1С: Consolidation 8”.

Being the public company, Irkutskenergo is guided by principles of openness and information transparency in relations with shareholders. That is why great attention is given to formation of the authentic and informative consolidated financial reporting both under the Russian and international standards. Until recently the consolidated reporting was made by involving external advisers. Recently the decision has been made to do this work using internal resources, to systematize the process and to automate key routine procedures in order to reduce terms of the reporting preparation. Experts of “Forus Consult” Irkutsk division were involved in realization of the project that is a branch of 1С-Rarus Computation Center.

After consideration of various alternatives, the decision to realize the tasks by using integration of registration systems and an independent system on gathering, processing and consolidation of the different-purpose reporting was taken. As a result of the detailed analysis of possible alternatives, 1С:Consolidation 8 was chosen as a base platform for the project. As a result of the project implementation, the processes of gathering, transformation and formation of the consolidated financial reporting presented according to IFRS were automated and ordered.