Hello. Could you help me answer the test task. I do not know very well English (I'm from Russia).
Here's the original test: "1) All the holding companies are located in the same country, while all the branches and subsidiaries are registered and perform their activity in different jurisdictions. Please consider how would you organize the implementation process, what ERP systems would you suggest to use for each of the company and on the Group level from the point of view of the cost / benefit analysis.
2) Company A recharges a number of its costs to its Branch. The costs are recharged with 5% markup. Part of these costs are capitalized by the Branch as far as they relate to drilling of the well, which is currently the main activity of the Branch.
Please summarize how the intercompany balances reconciliation and elimination process shall be organized in the consolidation module of the accounting system .. "
I doubt that Google correctly translated my answer:
"TFor the final consolidation of holdings makes sense to use one ERP-system. If holding companies are located in Russia, it is economically expedient to stop the choice on the decision of IFRS on the basis of" 1C Enterprise 8. In its subsidiaries and affiliates to change your system makes sense if the existing system does not meet the needs of operational records and prepare reports on standards regulated countries in the jurisdiction where they belong.
2. The cost of recapitalizing the need to make a separate document to reflect the increasing capitalization of the company A.
To separate intra-speed inside the Holding Company should be in subsidiaries and affiliates to enter classifier holding companies and put the line contractors and a single classifier related companies. Typically, all accounting systems keep records of debtors and creditors in the context of contractors. Thus, standard reports will show an intra-turnover and turnover with related parties. "
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
Russian student
Date: 2010-08-24 10:19 am (UTC)Could you help me answer the test task.
I do not know very well English (I'm from Russia).
Here's the original test:
"1) All the holding companies are located in the same country, while all the branches and subsidiaries are registered and perform their activity in different jurisdictions. Please consider how would you organize the implementation process, what ERP systems would you suggest to use for each of the company and on the Group level from the point of view of the cost / benefit analysis.
2) Company A recharges a number of its costs to its Branch. The costs are recharged with 5% markup. Part of these costs are capitalized by the Branch as far as they relate to drilling of the well, which is currently the main activity of the Branch.
Please summarize how the intercompany balances reconciliation and elimination process shall be organized in the consolidation module of the accounting system ..
"
I doubt that Google correctly translated my answer:
"TFor the final consolidation of holdings makes sense to use one ERP-system. If holding companies are located in Russia, it is economically expedient to stop the choice on the decision of IFRS on the basis of" 1C Enterprise 8. In its subsidiaries and affiliates to change your system makes sense if the existing system does not meet the needs of operational records and prepare reports on standards regulated countries in the jurisdiction where they belong.
2. The cost of recapitalizing the need to make a separate document to reflect the increasing capitalization of the company A.
To separate intra-speed inside the Holding Company should be in subsidiaries and affiliates to enter classifier holding companies and put the line contractors and a single classifier related companies.
Typically, all accounting systems keep records of debtors and creditors in the context of contractors. Thus, standard reports will show an intra-turnover and turnover with related parties. "
Thank you for your help:))