Tobacco Company Concentrates Financial Operations in Costa Rica
BASS Americas, owned by British American Tobacco, will concentrate in Costa Rica the majority of its financial operations of the American continent.
Monday, March 8, 2010
It is located in the province of Heredia, and plans to expand its payroll to 200 employees. From there it manage the accounting and financial operations of all the countries of America, with the exception of U.S. and Brazil.
The updating of accounting systems in Nicaraguan companies to international standards is too slow.
Most companies manage accounting systems in order to meet tax obligations, but few use systems that meet international standards.
Guatemala's College of Auditors and Public Accountants has agreed to adopt the International Financial Reporting Standards (IFRS) for small and medium sized enterprises (SMEs).
Accounting professionals in Latin America and other regions will meet in Managua on October 1st-3rd.
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