Many U.S. companies are still making the internal process changes needed to comply with the OECD's base erosion and profit shifting project.
Questions will arise over whether an intercompany transaction will be treated by the IRS as debt or as stock.
Readers asked, 'How does continuous accounting actually work?' The CEO of BlackLine provides some answers.
Continuous accounting can put an end to the recurring nightmare accountants experience.
Something is sure to go wrong in the manual process of validating accounts and transaction balances for compliance purposes. Will your systems catch…