Many companies face significant problems due to movements of exchange rates. This includes wide fluctuation of monthly results, unpredictability of profit forecasts and problems in managing stakeholder’s expectation.
The liberalisation of the accounting law is an opportunity to eliminate these issues by preparing the financial statements in foreign currency, upon fulfilment of certain conditions.
However, the change in the currency is not necessarily a straightforward exercise. It affects areas such general operation, reporting, accounting and taxation or information technology.
How can PwC help you?
We are happy to share with you the euro conversion experience gained at several countries in the euro zone. PwC Hungary has a professional team of accountancy, taxation, information technology and business process experts to help you through the conversion.
PwC’s services include: