DEMO: Financial Reports in Multi-GAAP Environments

March 1, 2022

For companies that are part of an international group operating in countries where both IFRS and GAAP standards are utilized, preparing financial reports in multi-GAAP becomes necessary. This allows them to comply with reporting standards by providing reports to the national regulator under local GAAP and to the group under IFRS (or vice versa). In the demo, efficient methods for achieving multi-GAAP reporting were showcased, ensuring compliance without unnecessary work. By adopting streamlined approaches, companies can effectively manage their financial reporting across different jurisdictions and reporting frameworks.