Parallel Accounting is a Key Tool for Global Companies with Multiple Reporting Requirements
Bramasol
JUNE 10, 2022
For example, a company with branches doing business in the United States and the European Union will need to comply with both GAAP and IFRS accounting principles. Other key factors include where the company stands with regard to implementing new accounting standards (ASC 606, IFRS 15, ASC 842, IFRS, 16, etc.)
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