IFRS accounting automation at ALSCON on 1C:Manufacturing Enterprise Management (1C:UPP)
Client company
ALSCON Nigeria (RUSAL)
Industry
petrochemicals and underground gas storage
Base solution
1C:Manufacturing Enterprise Management (1C:UPP)
Automated areas
- Accounting under international standards
- Treasury
- Primary production records
- Cost accounting
- Cost calculation
- Accounting for taxes and levies under local standards (PAYE, withholding tax, etc.).
Line of business
ALSCON is one of RUSAL’s key assets in Africa. The company includes an aluminum smelter, a port, and a gas-fired power plant. The site covers a total area of 333 hectares. The smelter started operations in 1997 but was shut down in 2000. It resumed operations in 2008 after RUSAL acquired a controlling stake and modernized the plant. RUSAL owns 85% of the company’s shares
Results achieved
- Automation of primary accounting records under international standards.
- Automation of all areas, including local standards; the company’s accounting was audited by KPMG.
- An international implementation on 1C. Scope: all areas, from primary accounting records to non-standard schemes with progressive personal income tax rates for employees.
- All accounting was maintained under IFRS.
Automated workstations
30