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Parallel Accounting is a Key Tool for Global Companies with Multiple Reporting Requirements

Bramasol

One important side effect of the ongoing trend toward globalization is the need to comply with a range of different accounting principles as well as with disparate reporting and compliance mandates. Parallel Ledgers - in which multiple ledgers are used, with an accounting principle applied to each ledger.

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How to Build Shareholder Trust with Reliable Financial Reports

Planful

In reality, a company’s financial report can be more flimsy—involving estimates and judgment from leadership that’s far from the truth. The company’s leadership used fake holdings and off-the-books accounting practices to deceive regulators. Valuations are a classic example of hole-filled financial reporting.