The benefits extend beyond the balance sheet, as greater certainty of payment enhances cash visibility and cash flow accounting currency
and directly ties working capital optimization to prudent risk-taking.
Here, the dollar is used as the accounting currency
; since the beginning of 2010, the greenback has outperformed even the Swiss franc.
SABMiller, originally South African Breweries, earns substantial profits in emerging markets and Eastern Europe, whose currencies have fallen heavily against the dollar, SABMiller's accounting currency
The complaint was upheld as the ASA claimed that only companies that used euros as their base accounting currency
would have a problem and Exchequer Software has been asked to moderate their claims in future.
Only 35% of enterprises in participating countries already include figures in Euro on customer invoices, though a considerable number of companies with an international profile have chosen to convert to the Euro as their internal accounting currency
. By contrast, a large number of enterprises, and the majority of SMEs, have chosen to defer any change in their accounting practices until 2001.
On I January 1999 the European Central Bank win be established and the Euro will become the accounting currency
for participating states and for the Community budget.