Company news in April 2004

Businessservice: a New View of Accounting

April 13, 2004, Tuesday

Information on establishment of the Izhevsk Branch of TNK Business Service and its beginning of operations since April 1, 2004. The newspaper writes that TNK Business Service LLC was founded to maintain accounting records in companies making part of TNK-BP. Presently, TNK Business Service is considered the highest technological company in the Russian Federation, which has in place over 2,000 employees engaged in 7 branches in such cities as Moscow, Nizhnevartovsk, Nyagan, Ryazan, Buzuluk, Saratov, and now, in Izhevsk. Two business units, the Izhevsk Regional Accounting Center and Buhgalter (Accountant) LLC, have been consolidated under one name. The company is tasked with standardizing accounting functions and different types of statements at extractive and service enterprises and with performing work to reform accounting as part of the project with the same name. This project aimed at establishing the single entity, Business Service, is mandatory for the entire corporation, has global nature and envisages that the accounting technique will be changed to adapt Russian tax accounting to TNK-BP''s needs.

Source: Neftianik Udmurtii

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