Answer / phani

Leading ledger
1.It is a base ledger, which updates the cost center and
consolidation.2.You can define only one ledger as the
leading ledger – SAP provides the leading ledger "0L".
3.The currency of the leading ledger is always used as the
first currency.4.The leading ledger is integrated with all
subsidiary ledgers. 5.Only the values from the leading
ledger are sent to CO. 6.The leading area in Asset
Accounting (depreciation area 01) must be posted to the
leading ledger. 7.Leading ledger uses the (additional)
local currencies assigned to the company code. 8.Leading
ledger uses the GL Total Table: FAGLFLEXT.

Non-leading ledgers
1.Non-leading ledgers are activated by company code.2.You
can define additional currencies that deviate from those
used by the leading ledger.3.As a second and third currency
of a non-leading ledger, you may only use currency types
that you have already assigned to the relevant company code
for the leading ledger.4.You can define a fiscal year
variant that differs from the leading ledger. If you don't
specify a FYV, the FYV of the company code is automatically
used.5.You can also define a posting period variant that
differs from the leading ledger.6.Separate document types
and number ranges can be defined for non-leading ledgers by
users, to ensure continuity in ledger numbering.7.Non-
leading ledger updates the profit center, segment.8.The non-
leading ledgers are used as parallel ledger together with
the leading ledger. This can be used to apply different
accounting standards, such as IAS/IFRS or US-GAAP

Answer / mano

the advantage of new gl is 1. maintain parallel ledger
2. integrated and management reporting.ng
3. segment reporting
4. cost of sales accountig.
the difference of these the leading ledger follows IAS
Non leading ledger as follows IFRS.

Give me one scenario where you mapped as is with to be

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what is the debt recovery management.what is use in Sap. If you are Implementing debt recovery management so what is basic thing.Means how to run I humbly requested please provide the Answer & All the basic thing

2 Answers   Cap Gemini,

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Hi everyone, Im looking for contact numbers of Ravikumar(reliance global services), sathyanarayana(ilogic, compu learn). It would be great help if anyone can help me in finding above persons number. Actually Im looking for product costing online training, your suggestion are welcome....Thanks.

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what is year dependent fiscal year?

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Hi i am MBA-Finance guy, was working with J P Morgan for one n half yrs, i have decided to move to SAP and so preparing for FICO on my own for the last one month.....dont know which are all the area i should cover before the interview...is it enough if i cover the basic configurations of GL,AP,AR and Asset Accounting or which are other areas?....hw for i should b through in the above mentioned areas...and also i dont want to waste time by preparing at home for a long time... how should i prepare....your advice is appreciable.

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Differentiate between chart of account and operation chart of account

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What are the basic steps to using the fi module?

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Period not open for a/c type S :- Guys, I have not been able to fix this out. Please guide what procedure to be followed. error: ''''Period 001/2011 is not open for account type S and G/L 799999''''. I''ve checked OB52 screen but not very sure what amendments to be done.

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What is the use of CIN Configuration? And How could I configure it?

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How do you identify a document?

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What is meant by a “baseline date” in sap ar and ap?

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How AP/AR Mater Data field control?

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