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Are Your Compliance Processes Keeping Up with Evolving Audit Requirements?

Bramasol

The PCAOB and AICPA essentially interpret and enforce accounting rules as promulgated by the Financial Accounting Standards Board (FASB) , which is responsible for establishing and improving accounting standards for financial reporting in the United States. Why Should You Care?

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MedTech Bundling Requires Both DSE and Lessor Accounting Solutions

Bramasol

It can quickly become unmanageable to try and handle lease contract management, lessor accounting, maintenance services, sales of consumables, revenue recognition and disclosure reporting all with different siloed software. In addition, global companies need the flexibility to comply and report according to multiple accounting standards.

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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. Asset Accounting (FI-AA).

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Data Update 1 for 2021: A (Data) Look Back at a Most Forgettable Year (2020)!

Musings on Markets

One reason is that these businesses are not only not required to publicly disclose their financial details in most parts of the world, but often follow more malleable accounting standards, making the data less reliable and comparable.