When conducting cross border deals, it is important to identify potential financial reporting differences to maximize deal value and for understanding how financial reporting and regulatory requirements interact. Embedding GAAP changes and managing multi-GAAP reporting post-acquisition requires planning.
PwC Partner David Schmid discusses the importance of being financially bilingual - knowledgeable about both US GAAP and IFRS
In today’s connected world, the volume of cross-border transactions is growing. And, it’s not just US investors looking overseas.
Putting buyers and sellers on common financial terms allows the intrinsic value of the company to be the focal point.
Numbers may seem to be a universal language but, based on the accounting that underlies them, the stories they tell can convey very different meanings.