Challenges to implementing UCA and IAS

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Transition of non-credit financial organizations to Unified Chart of Accounts and Industry Accounting Standards

Challenges to implementing UCA and IAS

A new Unified Chart of Accounts (UCA) and new industry-specific accounting standards (IAS) based on IFRS for non-credit financial organizations have been developed, and their implementation schedules announced. These changes are a result of policies the Central Bank is currently implementing within the financial industry to align accounting systems with RAS and IFRS standards, following the adoption of Federal Law No. 251-FZ of 23 July 2013, which expanded the role of the Central Bank.

Our qualified team offers support in transitioning to the UCS standards in accounting based on the new requirements along with methodological support and training as well as adaptation and automation of the business process.

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