Mapping the Switch
For companies considering a transition to IFRS, careful planning is critical
A common challenge for multinational corporations is achieving consistency across operations in different countries with different practices and standards. Because of their size and growth through acquisitions, multinationals often end up using more than one accounting system (some are even using five or more). But running multiple accounting platforms is not only inefficient, it's also very costly.
All Accounting Today articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, podcasts, blog discussions, and conference discounts. Registered members may also choose to receive our exclusive Tax Pro Today e-newsletters covering the latest breaking news, opinions from industry leaders and developing trends.