Three months ago, DaimlerChrysler AG prepared its books with a new accounting methodology. The outcome: a mixed bag for the German auto giant.
DaimlerChrysler was the first company to comply with a European Union mandate requiring EU-based firms listed on U.S. exchanges to report results under a framework created to eliminate country-by-country differences in reporting standards. The carmaker used the International Financial Reporting Standards, which the International Accounting Standards Boards developed.
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