For Latin American Model we have a term and definition in Accounting.

Latin American Model (Accounting)

is an accounting model. There are other accounting systems which differ from the U.S. accounting model. U.S. GAAP and FASB standards are not the only accounting principles used internationally; for examplemany countries reverse the U.S. debit and credit system. Many countries with high rates of inflation account for inflation in financial reports much more than the U.S. does. Alsofor any company operating internationally there is the currency exchange translation problem when consolidating financial statements.

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