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  • Digital Process

Digital process — Profitability

 

  Analysis of business processes 

Any step towards transformation is impossible without a clear sense of current business environment. And when management, shareholders and other beneficiaries of the system negotiate the need of changes, one may wonder first: "what to do first?". Future success of the planned actions depends on identification of initial status of key elements and processes. Corporate businesses request support of external advisors for appropriate expertise to analyse the system components and effectiveness of their functioning more objectively. 

BDO Digital's team of business analysts will support you to leverage the potential of data so that you can make the right decisions faster — now and in the future. 


  Development of accounting automation modules 

BDO in Ukraine has been advising companies on implementation and use of accounting, ERP and CRM systems long enough. On one hand, our methodologists fully cover requests for writing accounting policies and transformation of reporting under IFRS, and on the other hand, our experienced technical experts automate accounting and develop the necessary add-on modules for almost all types of existing systems. This unique combination of high-class methodological support and technical expertise in specific coding allows you to perform tasks of any complexity and offer localization solutions to companies that are not always guaranteed by the suppliers themselves. 

Functional solutions of our consultants and software developers for traditional and alternative accounting systems in the form of separate modules according to IFRS:

  • Allowance for inventory write-down  
  • Discounting of financial loans 
  • Provision for accounts receivable 
  • Lease 
  • Vacation allowance 
  • Financial instruments Biological assets of crops


  Automation of accounting under IFRS 

When the company implements International Financial Reporting Standards (IFRS), new opportunities open up for it. After all, the activity of such a company becomes more transparent that results in building trust of the new partners and customers to it. Since 2020, Ukrainian law allows (and obliges some companies) to keep accounting under IFRS. Many companies handle this task by transformation of Financial Statements under IFRS. But transformation process is quite time-consuming and is usually performed manually. 

To automate accounting under IFRS, BDO experts have developed a number of specialized modules for the prevailing accounting programs in Ukraine. The modules developed by us include the modules specified in the section "Development of accounting automation modules".

BDO in Ukraine can provide automation of accounting under IFRS services as “package deal” or customized. 


  iXBRL E-reporting  

The submission of Financial Statements under IFRS also has been transformed into digital, and as of this year many companies have been submitting it in electronic format of XBRL that is an international standard. 

BDO experts with considerable practical experience in creating digital reports for companies in the agricultural sector, industrial production, trade, IT, oil and gas sector, extractive industry and other areas, — can offer full support of “package deal” services while preparing and submitting reports to the regulator. This service includes: 

  • Preparing iXBRL file 
  • Validation of iXBRL file, prepared by the client, using Altova validator 
  • Assistance in preparing to automate iXBRL upload file process 
  • XBRL consultations  

 
  E-audit and SAF-T 

E-audit tool of taxpayers is enacted around the world and year by year it proves its effectiveness. This mechanism is supported by information, received from taxpayers through a standard audit file (SAF-T) that is developed by the Organization for Economic Co-operation and Development (OECD). This file is easy to use and is intended for implementation of tax control measures using specialized software.