Solutions for U.S. GAAP Users
Preparation of Financial Statements and Reporting Packages
Companies that are affiliated with U.S. corporations are generally required to maintain its accounting books under two different sets of accounting standards. Every month, these companies are typically required to prepare a reporting package according to U.S. generally accepted accounting principles (U.S. GAAP), however financial statements pursuant to German commercial law are usually due only once a year. Both accounting frameworks are subject to change brought on by new regulations and frequent updates have become commonplace.
Keeping abreast of changes is costing more and more of your time. Time you cannot use elsewhere. That’s why we offer you solutions to prepare financial statements and reporting packages.