Parallel Accounting is a Key Tool for Global Companies with Multiple Reporting Requirements
Bramasol
JUNE 10, 2022
The choice of which approach to use depends on a variety of factors such as the number of accounts or ledgers that are needed for managing multiple entities within the overall organization. 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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