Unique Skill ID: BGSAFFC31E77CB0DFAB9

Intercompany Accounting

Intercompany accounting is a specialized accounting skill that deals with transactions between different entities of the same company. It involves recording and reconciling transactions such as intercompany loans, sales/purchases, dividends, and transfers among different subsidiaries, branches or divisions of a company. The objective of intercompany accounting is to ensure that transactions are fairly and accurately recorded, and that financial statements are consolidated correctly. Ineffective intercompany accounting practices can result in errors, inconsistencies in financial statements, and increased financial risk for the company.

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