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International Consolidation
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Home > Services > Accounting > International Consolidation
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Companies need a global view of their financial position but internal transactions
within the enterprise and financial reporting in various currencies can cloud a
single comprehensive outlook on their financial state. The International Financial
Reporting Standards (IFRS) and the Generally Accepted Accounting Practices (GAAP)
require companies to report their global financial position in order to comply.
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IFRS expects multinationals to prepare financial statements for each of the business
segments of the company. Since companies execute bulk transactions for a number
of their business segments, accountants face a challenging task of assigning revenues
and costs to each business segment. Regulatory bodies also expect that a well-defined
audit trail exists to justify the accounting policies.
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Award-winning Nair & Co. brings knowledge of best practices and takes full care
of these needs for your international operations. We offer an integrated one point
of contact solution to better protect you and your company. By using us, you can
rest assured that finance and administration support to your foreign operations
is provided efficiently and you operate safely abroad. We are an independent self-sustaining
service provider with no links to, or investments in us, by sensitive third-parties
such as your bank!
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