Consolidated Reporting Technology: Objectives and Means of Achieving
N.D. Brovkina1, E.V. Negashev2, R.M. Magomedov3
1N.D. Brovkina, Ph.D. (Economics), Associate Professor, Department of Accounting, Analysis, and Audit of the Financial University under the Government of the Russian Federation, Moscow, Russia.
2E.V. Negashev, Ph.D. (Economics), Associate Professor, Department of Accounting, Analysis, and Audit of the Financial University under the Government of the Russian Federation, Moscow, Russia.
3R.M. Magomedov, Ph.D., associate professor of the Department of Data Analysis, Decision-making and Financial Technology of the Financial University under the Government of the Russian Federation, Moscow, Russia.
Manuscript received on November 17., 2019. | Revised Manuscript received on November 24 2019. | Manuscript published on 30 November, 2019. | PP: 12669-12672 | Volume-8 Issue-4, November 2019. | Retrieval Number: D9098118419/2019©BEIESP | DOI: 10.35940/ijrte.D9098.118419
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Automated consolidation of financial statements may increase reporting transparency. This paper deals with the IFRS-based automation processes aimed to improve the financial reporting transparency, which cannot be positively achieved through an entity’s accounting practices based on the national accounting standards.
Keywords: Automation, Consolidated Financial Statement, Separate Financial Statement, Transparency, Group Structure
Scope of the Article: Industrial, Financial and Scientific Applications of All Kind.