![]() ![]() For each item they produce and sell, they must often calculate multiple representations of inventory costs to comply with local generally accepted accounting principles, statutory accounting principles like the International Financial Reporting Standards (IFRS), and internal management accounting practices, even when these directly conflict with one another. International organizations face a complex accounting challenge when they produce and sell items across many countries. Global organizations face complex accounting challenges The ability to perform inventory accounting using multiple costing ledgers enables organizations that do business internationally to easily comply with multiple accounting standards at the same time. With the new Global Inventory Accounting Add-in, Microsoft Dynamics 365 Supply Chain Management now supports parallel cost accounting.
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