What is the difference between Secondar ledger and
Reporting Currency Ledger.
Answer Posted / deepak
Secondary ledger is used if you are required to report your
business with different parameters like
COA,Calendar,Subledger Accounting methods or Ledger options
other than what you have for your primary ledger. For
example if you are implementing business for Europe region
where the IFRS is used & you also have to report in US under
the US GAAP, you may either have your primary ledger
complying IFRS & Secondary ledger complying to US GAAP.
Reporting Currency ledgers are used if you want to report
your business under other currencies other than your
currency used for Primary ledger.
Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
What are the types of setups in apps inventory module
1)What cannot be consolidated in GCS? 2) When you setup calendar in GL is it possible to change it?
How will account an advance of Rs.10000/- which is a permanent prepayment, can I make payment for this?
There is employee X and employee Y (who is supervisor of X); when Y submits expenses how will the system ensures that this should not go to X even if he has the approval authority.
What is the use of hr: user type, while configure multiorg?
what is VAT claim process?
what is the difference between bonus reserve and bonus expense
explain with examples what r the roles & Responsiblities of a functional consultant who reviews the Test Scripts, Test Cases and Test Execution Results of AP, FA and GL.
How to do the analysis of discounts lost and fixing the root cause?
Give examples & explain the below mentioned activity. "Analyzing the documents provided by the client and thereby identifying the test cases to be tested for the application assigned (FA, AP and GL)"
What is gap analysis, what are the pre-requisities?
Difference between header level tax calculation and line level tax calculation
what is the use of hr: security profile, while configure multiorg?
Invoice Approval Process?
We have both consumption tax and With Holding Tax on each invoice, will there be any conflict involved?