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For example, while South African companies follow International Financial Reporting Standards (IFRS), the US requires compliance with its Generally Accepted AccountingPrinciples (GAAP). IFRS is principles-based and allows for some judgment in financial reporting, while GAAP is more rigid, rules-based, and less forgiving.
By leveraging our leadership in deploying more RAR implementations than any other partner, Bramasol is also at the forefront of helping refine and deploy these new Universal RevRec capabilities. Enhanced Compliance : Facilitates adherence to accounting standards and regulations, reducing the risk of non-compliance and associated penalties.
Compliance: Adherence to accounting standards and regulations, such as Generally Accepted AccountingPrinciples (GAAP) or International Financial Reporting Standards (IFRS). It operates within an Excel-native environment, providing users with a familiar interface while leveraging the advantages of a planning platform.
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