When a group of two or more businesses is required to report financial results on a consolidated basis, generally accepted accounting principles, or GAAP, require the elimination of intercompany sales ...

An enterprise resource planning platform like Intuit Enterprise Suite can provide a single source of truth for growing ...

Please note: This item is from our archives and was published in 2023. It is provided for historical reference. The content may be out of date and links may no longer function. James Tilk is Director ...

Increasingly complex multinational value chains, partly the result of industry consolidation or globalization, and more scrutiny from auditors and regulators are causing more and more companies to run ...

Imagine a world where the general public not only cares about the tax function, but they have an idea of what tax professionals do. In this theoretical world, certain areas of tax, such as transfer ...

Companies that botch the accounting for transactions between different legal entities within their organizations can make their financial reporting slipshod. Processing Content Deloitte polled more ...

Large, multinational firms have subsidiaries and franchises all over the world. When working out a global corporate strategy, these branches of the same firm are regularly doing business among ...

The report, “ Cleaning up the mess under the bed – Why intercompany accounting is increasing corporate risk,” discusses the impact of “intercompany accounting,” or ICA, the processing and accounting ...

Now more than ever, robust internal financial controls are a top priority for a financial industry that is fighting to regain the trust of its shareholders. Automation is a sure-fire way to ensure ...