CLASS-29- PARALLEL ACCOUNTING / PARALLEL LEDGERS - PART 2
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- Опубліковано 22 тра 2024
- CLASS-29- PARALLEL ACCOUNTING / PARALLEL LEDGERS - PART 2
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Hi
Can we create only 1 Non Leading Ledger with assigning CC and Accounting Principles.
For example:
We have 3 Company Codes 1. India 2. China 3. USA headquarter based in India
We created Leading Ledger 0L as per Indian GAP and assigning to all Company Codes. For China and USA create only 1 Non leading ledger with assigning their local Accounting principles and Company Codes with their Fiscal year variant and Currency. Is my understanding correct
Yes if their reporting requirement is based on local gaap. You can join our class for more details. There are a total 7 ways you can design parallel ledger
@@SAPHARISIR but to meet country's legal requirements it is mandatory to follow local GAP right However we can use many accounting principles as per the business need for the Non Leading Ledger.
I was just confuse in configurations part for the only one Non Leading N1 we can assign many accounting principles with multiple company codes.
I thought N1: CC A USA GAP USD Jan to Dec
N2: CC B China GAP CNY
@@amishvyas1 pls watch part 1 and part 2, all the videos to know assign common accounting principle code to same ledger for multiple country legal reporting purpose.