Transformation sub-system is purposed to automate the process of converting Financial Statements from RSA to IFRS. It includes RSA trial balance transfer to the IFRS accounts, automatic and manual organizing of transformation registers through separate accounting sections, and calculation of transformation corrections.
Consolidation sub-system is purposed to perform both accounting and management statements consolidation for a Group of companies. Following procedures are applied: elimination of intragroup balances, applying reclassificational and transformational corrections, capital consolidation, reclassification and allocation of additional reporting forms, manual submission of reclassificational and transformational corrections.
Head of Consolidation Department