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October 4, 2012

Swatch Reverts to Swiss GAAP Accounting Practices

The firm said the measures are “more practical and less theoretical” than IFRS, and that they are more in tune with the needs of a Swiss industrial company.

By Alex Wynne

financial/news

PARIS — Swatch Group is set to change its accounting practices back to Swiss GAAP ARR measures as of Jan. 1, 2013. The group has used International Financial Reporting Standard...

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Latest Articles from Business

Swatch Reverts to Swiss GAAP Accounting Practices

The firm said the measures are “more practical and less theoretical” than IFRS, and that they are more in tune with the needs of a Swiss industrial company.

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