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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.

Nacion.com reports: “From Heredia, the company will provide support to its other offices in fixed assets, accounts payable, payments and accounting, explained Rudy Sánchez, head of BASS Americas”.

Source: Nacion.com

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Accountancy Congress in Nicaragua

May 2014

Accounting professionals in Latin America and other regions will meet in Managua on October 1st-3rd.

The Institute of Chartered Accountants and the American Accounting Association have organized the conference "Integral Training in Support for Economic Development" to be held at the Crowne Plaza Convention Center in Managua, Nicaragua, from 1 to 3 October this year.

Accounting in Nicaragua Not Up to Date

April 2013

The updating of accounting systems in Nicaraguan companies to international standards is too slow.

In Nicaragua there are approximately 30,000 professionals in public accounting and finance, but most of them are not trained in a continuous form.

According to the Association of Accountants of Nicaragua, universities have also been concerned about upgrading their academic programs in accounting.

Nicaragua: Urgent Need for Modernization in Accounting Firms

April 2012

Most companies manage accounting systems in order to meet tax obligations, but few use systems that meet international standards.

A modern accounting system aligned with international standards is a key tool for financial or administrative decisions, said the president of Nicaraguan Association of Accountants, Freddy Solis Ibarra.

IFRS for SMEs in Guatemala

July 2010

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).

On 13 July, 2010, Guatemala's official government newspaper published the agreement that brings into being the standard.