• The Company
          At Quantum Consulting we provide our clients with business solutions combining knowledge of different industries and highly specialized consulting.

          With a methodology aimed at implementing solutions, we provide a unique and integrated approach.

          We advise on the development and implementation of Oracle JD Edwards ERP software.

        • Vision

          • Become a reference company in terms of quality of service, professionalism, and commitment to our customers.

        • Mission

          • Provide strategic consulting services, whose main objective is that our clients work more effectively, with greater flexibility, globally, and permanently communicated with their market and environment through the Oracle JDEdwards system.

        • Values

          • Service attitude.
          • Knowledge.
          • Accountability that summarizes the following two:
            • Responsibility
            • Commitment (comply with what was agreed)
            • Honesty
  • JD Edwards
  • Digital Transformation
  • Blog

  • ESES

OVI – Inlfation Adjustment

Aug 31, 2020

Legal Requirement Information

In an inflationary context, the preparation of financial statements withoutadjustment, do not represent the real situation of the company, for this reasonthe need arose to develop asolution that performs Adjustment byInflation, integrated with the accounting management of the Oracle JD Edwards systemEnterpriseOne

The OVI Quantum product allows you to perform the Inflation Adjustment ofNon–Monetary items, determining:

  • Re–expression of the state of financial position, at the beginning and the closing, of the oldestperiod to be included in the comparative information.
  • Restatement of the income statement, of previous periods to the current that they are presented as comparatives.
  • Restatement of the statement of financial position at the end of the period stream.
  • Restatement of the income statement for the current period.

Solution Benefits

  • Covers the complexities of accounting for inflation adjustment automatically, with initial setup andscheduled processes.
  • Automatically performs the inflation adjustment calculation for different items, generating informationon the impact on each of the accounting accounts.
  • Generates accounting entries, without the need for manual intervention and additional controls.
  • Allows you to configure the official indexes that determine the coefficients adjustment. These indexesare always up to date, which gives more reliability to the process in general
See Other Quantum Consulting OVIs