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Our subsidiaries operate in different countries with different GAAP/accounting rules. Can XBRL GL help us?

April 26, 2017Accounting countries different GAAP GL help operate rules subsidiaries XBRL

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Our subsidiaries operate in different countries with different GAAP/accounting rules. Can XBRL GL help us?

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Country-specific accounting rules are essentially driven by specific transactions or journal entries being reported in different ways. Since XBRL GL allows for tagging single transactions or journal entry in multiple ways, it facilitates the rollup of detail information under different reporting standards.