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MedTech Bundling Requires Both DSE and Lessor Accounting Solutions

Bramasol

For leasing, this means International Accounting Standards Board’s (IASB’s) IFRS 16 and US GAAP Financial Accounting Standards Board’s (FASB’s) ASC 842. For revenue recognition, they also must comply with ASC 606 and IFRS 15.

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How Complex Are Your Business Finances?

https://trustedcfosolutions.com/feed/

GAAP, IFRS, and cash base side by side for better visibility. Create quotes, sales orders, backorders, invoices, returns, credit memos, debit memos, and more with ease and rapidly deliver them via email. Ability to implement user-access controls. Ability to view performance on U.S. Define your own workflows.

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How to Prepare for a Financial Audit

CFO Share

An audit evaluates: Compliance with accounting standards (GAAP or IFRS.) Here are some small business accounting tips to prep for audits every day: Organize Documents: Systematically save and organize invoices, bills, contracts, and other documents digitally for easy search and reference. What Do Financial Auditors Look For?

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ERP and EPM Systems – Better Together

Planful

These systems provide built-in support for complexities such as currency translation, intercompany eliminations, and reporting under multiple accounting guidelines, such as US GAAP or IFRS. In most organizations, the accounting/ERP system comes first.