How US GAAP group reporting, UK statutory accounts, transfer pricing and goodwill fit together A multinational close is not a mechanical translation from one accounting framework to another. It is a controlled reporting chain. Legal entities, business units, intercompany agreements, local statutory rules and the parent company’s consolidation requirements must all reconcile—without turning a target margin into an unsupported plug. One company can have several accounting views A global group...

Are you an international business with foreign entities? Are you considering starting a business abroad - or entering the US market for the 1st time? Know the IRS's guiding principle in establishing that arm's-length prices were charged in intercompany transactions? The IRS's guiding principle is to ensure taxpayers are complying with § 482 and the regulations thereunder. Under the arm's length standard, related taxpayers must report income based upon intercompany prices unrelated parties...

Business, Escape from China, and the Economy The most talked about subjects in the Mexican business community this year are the massive...