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What You Need to Know About Hyperinflation and Global Financial Reporting
Hyperinflation poses significant challenges for multinational companies, particularly when it comes to accounting for foreign operations. Under both IFRS (International Financial Reporting Standards) and US GAAP (Generally Accepted Accounting Principles), the treatment of hyperinflationary economies differs, which can lead to complexities in financial reporting. Here’s what you need to know
March 27, 2025