Three foundations of successful of business accounting

Three foundations of successful of business accounting

1. Financial block

Organizing of primary fiscal accounting for a country of the enterprise.

Organizing of tax accounts for a country of the enterprise.

Automation of fiscal accounting and tax accounts.

Organizing of tax planning.

Implementation: Creation of accounting service, automation of accounts and introduction of the 1C program (hereinafter referred to as ERP-system).

2. Management block

Organizing of management accounts depending on investor’s requirements (of a foreign founder).

Organizing of day-to-day management with the use of budgetary management system.

Organizing of management accounts for investor (foreign founder) in the GAAP standard.

Automation of management accounting and reporting.

Organizing of internal audit.

Implementation: Creation of financial and economic department, introduction of budgeting, automation of management accounting and reporting (on the “coming into being” stage, it is possible to use the EXCEL program; later on, the introduction of the modern ERP-, Oracle-systems, SAP appears to be essential); control of the budget performance and of key performance indices.

3. Strategic block

Organizing of strategic planning.

Market monitoring, organizing of the SWOT-analysis.
Interaction with investor.

Implementation: Creation of strategic planning department, maintenance of strategic planning, corrections of strategic plans based upon results of current activities of enterprise, of the SWOT-analysis and investors (founders) demands.

Conclusions:

Introduction of artificial management intellect solves the problem of managing the company (no analogue in Russia);

Availability of intellectual resource on the basis of academic knowledge of Sciences;
Interaction with research facilities and centers in Russia and in CIS-countries;

Creation of positive informational field for an enterprise of new generation;

Translucent and manageable financial block;

A unique innovative product – the enterprise of new generation.