s – analytica
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S – Analytica. CSIA. 2009. www.s-analytica.ru. Success factors and basis for making informed business decisions. Management reporting. Business planning. Financial statements based on IFRS Management data: commercial data production data fixed assets loans taxes - PowerPoint PPT PresentationTRANSCRIPT
CSIACSIA
2009 www.s-analytica.ru
2S – Analytica
Success factors and basis for making informed business decisions
Management reporting
• Financial statements based on IFRS• Management data:
− commercial data− production data− fixed assets− loans− taxes
• Reliability of information • Timeliness
Business planning
• Availability of the enterprise model for business planning
• Business planning format = reporting format
• Reliability of model parameters and data
• Use of actual historical data as a basis for business planning
CSIACSIAwww.s-analytica.ru
3CSIACSIA
CSIA (corporate system for information and analysis) – a software module allowing to form reporting by
transformation of accounting data automatically
Bookkeeping system
1 C
Galaktika
Parus
SAP
Other
CSIA
IFRS financial statementsP&LCash FlowBalance sheet
Management dataProduction cost breakdownSales price Purchase priceInventoryQuantities produced Quantities soldOther
CSIA is based on 1C, but allows to use any kind of accounting system to form IFRS based reporting
Management reporting
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CSIACSIA
CSIA approach. Basic accounting blocks.
60 Suppliers
20 Production
90 Sales
67 Borrowings
68Taxes
01 Fixed assets
Loan
sRe
paym
ent
Inter
est
Taxes accrualPa
ymen
t of
tax
es
VAT
Cape
x
Dep
reci
atio
n
Cost price of sold fixed assets
Cost price of sold services
Finished products
Shipping
produce
Payment for products
and services
Sale
of
prod
ucts
an
d se
rvic
es
Payment for
supplies
Ship
ping
su
pplie
s
Use
of m
ater
ials
in
prod
uctio
n
Utili
ties
and
serv
ices
62 Customers
51 Cash
10 Materials
43 Output
• Each node of the diagram is represented in the bookkeeping
• CSIA construct a table of correspondence between bookkeeping and managements accounts
• The management reports are then produced via the management accounts
• CSIA uses the principle of dual recording
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Business planning
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Semi-finished Product E
Semi-finished Product A
Finished Product A
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(kRUR) 11 months 2008
Production of semi-finished product E 651 629
(tonne) 44 673RUR/kg 14,59
Raw materials 245 880Raw material A 158 334
(tonne) 73 668RUR/kg 2,15
Raw material B 86 168Other materials 1 377
Semi-finished products 329 968Utilities 203 424
Electrical energy 91 787Steam 45 709Water 37 339Other utilities 28 588
Direct labor 11 818Direct overheads 128 963By-product credits -268 424Captive use of semi-finished product E 651 629
(tonne) 44 673for semi-finished product A 547 621
(tonne) 37 544RUR/kg 14,59
for semi-finished product B 104 008(tonne) 7 129RUR/kg 14,59
(kRUR) 11 months 2008
Production of finished product A 541 468(tonne) 35 763RUR/kg 15,14
Raw materials 2 709Semi-finished product A 538 759
(tonne) 35 763RUR/kg 15,06
FINISHED PRODUCT Opening inventory 409
(tonne) 26RUR/kg 15,73
Total input 541 468 Production 541 468
(tonne) 35 763RUR/kg 15,14
Total output 540 063Cost of sales 540 063
(tonne) 35 671RUR/kg 15,14
Closing inventory 1 801(tonne) 117RUR/kg 15,38
SALES Cost of sales 540 063
(tonne) 35 671RUR/kg 15,14
Commercial cost 16 737Revenue 623 942
(tonne) 35 671RUR/kg 17,49
Margin 67 143
(kRUR) 11 months 2008
Production of semi-finished product A 687 596(tonne) 45 643RUR/kg 15,06
Raw materials 3 759Utilities 194 158
Electrical energy 12 050Steam 141 053Other utilities 41 055
Semi-finished products 569 831 Semi-finished product E 547 621
(tonne) 37 544RUR/kg 14,59
Other semi-finished products 22 210Direct labor 4 972Direct overheads 68 943By-product credits -154 066SEMI-FINISHED PRODUCT A Opening inventory 4 137
(tonne) 275RUR/kg 15,05
Total input from production 687 596Total output 683 871Captive use for Finished Product A 538 759
(tonne) 35 763RUR/kg 15,06
Captive use for semi-finished product D 145 112(tonne) 9 632RUR/kg 15,06
Quantity sold 0Closing inventory 7 862
(tonne) 523RUR/kg 15,06
Step-by-step production cost breakdown from Raw materials -> semi – finished products -> finished product
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BALANCE SHEET as of 30.11.2008 kRUR
Tangible assets and intangible assets 1 648 953
Fixed assets 1 648 953 Finished goods value in inventory 39 780
Other inventories value 151 103Customers receivables 64 933Payables -138 860Other debtor and creditor -770Deferred expenses 9 258Working capital 125 444 TOTAL INVESTED CAPITAL 1 774 397
Capital -1 000 480Retained earnings 508 748Shareholders equity -491 732 Cash available 11 007Short term borrowings -174 080Long term borrowings -1 139 548Net Indebtedness -1 302 621 Tax payable/receivable 19 955 TOTAL FINANCING -1 774 397
CASH FLOW STATEMENT 11 months 2008
kRUR
EBIT 5 989Depreciation 213 288Gains & losses on sales of fixed assets
425
Income tax -1 865Change in taxes payable & receivable 9 656Change in working capital -109 330
Finished goods value in inventory -18 414Other inventories value -14 581Customers receivables -48 492Payables 18 925Other debtor and creditor -45 130Deferred expenses -1 647
Cash flow from operating activities 118 162 Fixed assets expenditures -58 251Acquisition of investment and shares Proceed from the sale of fixed assets 88 552Proceed from the sale of investment and shares
Cash flow from investing activities 30 300 loans received 56 011loans paid (including interest) -216 680Dividends 0Capital increase 0Cash flow from financing activities -160 668 NET CHANGES IN CASH AND CASH EQUIVALENT
-12 206
opening cash 22 533closing cash 10 327
PROFIT & LOSS STATEMENT11 months 2008 kRUR
NET SALES 1 795 055Product A 623 942Product B 185 581Product C 480 703Services 161 759 …
Transportation cost - 68 163Product A -16 737Product B -1 015Product C -22 766 …
Costs of goods sold - 1 440 253Product A - 540 063Product B - 167 001Product C - 391 956Services - 145 583 …
GROSS MARGIN 286 639Product A 67 143Product B 17 565Product C 65 981Services 16 176 …Commercial & Admin costs -273 414Gains & losses on sales of fixed assets -425Miscellaneous financial gains & losses -18 797Other gains & losses 11 986
EBIT 5 989Borrowing charges -126 215Gains & losses on exchange rate and currency conversion -80 930
Total сharges and income on net indebtedness -207 145
Current income taxes -1 865NET RESULT -203 021
Financial statements
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Item Activity description Responsible Support Remarks
1.Provide bookkeeping data from the Client’s bookkeeping system
Client S-AnalyticaIn the form of DBF file; in case of 1C system only access to the Client’s accounting system is needed
2.
Development of the format of management reports including financial statements and management data
ClientS-Analytica S-Analytica will facilitate the development of the
formats
3.
Examination and optimization of bookkeeping accounts and analytical data
S-Analytica Client
S-Analytica will analyze analytical data used in bookkeeping. In order to form management reports and reach a certain level of detail, in some cases it is necessary to add data to certain accounts. Client input required for adding the analytical data to bookkeeping accounts
4.
Develop a table of correspondence between bookkeeping and management accounts
S-Analytica ClientThe management reports are then produced via the management accounts, which reflect the economic essence of the business.
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Item Activity Description Responsible Support Remarks
5.
Develop a direct interface between the management accounts and management report captions based on CSIA software
S-Analytica ClientClient will check that all the amounts reported under each management report caption are justified
6.Prepare final version of CSIA settings for the management reporting
S-Analytica
7.
Installation of a local component of CSIA on each enterprise, and the central component - at the head office.
S-Analytica Client
Every day local components of CSIA receive data transformed from bookkeeping databases of the enterprises. Then the data is automatically transferred from the local CSIAs to the central component (via FTP).
8.
Creation of a spreadsheet-based model of an enterprise for business planning.
S-Analytica Client
A distinctive feature of our approach to business planning is active use of actual data obtained via CSIA. Tables of a business plan are of the same format as management reports. Timely updating of the business model with actual data allows to organise running monthly planning.
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• CSIA software module set up for management reporting
• CSIA installed locally (the local system) and at the head office (the central system).
• Established connections between local and central systems.
• Instruction on the use of CSIA including
a) a table of correspondence between bookkeeping and management accounts
b) a table with formulas based on management accounts for each management
report caption
c) Instruction how to prepare the reports
• A spreadsheet-based model of an enterprise for business planning.
• Training of specialists on working with CSIA and business plan model
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Month 1. Month 2. Month 3. Month 4.1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
Activity description- Contract award
- Kick-off meeting- Provide bookkeeping data from the Client’s bookkeeping system
- Development of the format of management reports including financial statements and management data
- Examination and optimization of bookkeeping accounts and analytical data- Develop a table of correspondence between bookkeeping and management accounts- Develop a direct interface between the management accounts and management report captions based on CSIA software- Prepare final version of CSIA settings for the management reporting
- Installation of a local component of CSIA on each enterprise, and the central component - at the head office
-Creation of a spreadsheet-based model of the enterprise for business planning
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