News

FBK in cooperation with SAP CIS and Baltic States is carrying out a project on installing parallel accounting under Russian accounting standards, US GAAP and IFRS into the automatic system SAP R/3 for DaimlerChrysler Automobiles RUS. FBK is engaged in developing an accounting technique under US GAAP and IFRS, supporting SAP’s project solutions design and participating in setting up and testing a parallel accounting system. As the project outcome, since January, 2006 DaimlerChrysler Automobiles RUS will transfer to regular financial reporting by means of the SAP R/3-integrated accounting system. Parallel accounting as regards profits tax and further enhancement of the company’s every activity complex automation are expected to comprise further stages of the system development.

DaimlerChrysler Automobiles RUS is a representative office and a general importer of passenger and commercial cars produced by the concern DaimlerChrysler in Russia.