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8min chapter
For Sellers: How to Navigate International Accounting Standard Conversions
M&A Talk (Mergers & Acquisitions), by Morgan & Westfield
Navigating Accounting Standard Conversions
This chapter explores the complexities of transitioning between accounting standards, particularly within international business contexts. It highlights the crucial role of well-documented internal accounting policies and the need for knowledgeable teams to ease conversions to US GAAP. Through specific examples, it examines ongoing challenges and differences in accounting practices related to intangible assets, software development, and revenue recognition.
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