Answer / zaver raipanchola

Leading Ledger:
The leading ledger is based on the same accounting
principle as that of the consolidated financial statement.
It is integrated with all subsidiary ledgers and is updated
in all company codes. You must designate one ledger as the
leading ledger.
In each company code, the leading ledger automatically
receives the settings that apply to that company code: the
currencies, the fiscal year variant, and the variant of the
posting periods.
In New G/L, there is one leading ledger for each client
that is valid for all company codes.
The accounting standard to be used in the leading ledger
needs to be decided first.
This assignment cannot be deactivated once it has been
defined.
You can only define one ledger as a leading ledger.
SAP provides the leading ledger 0L as standard.
Only the leading ledger is integrated with CO. Values from
the leading ledger are updated in CO.

Non-Leading Ledger
The non-leading ledgers are parallel ledgers to the leading
ledger. They can be based for example on local accounting
principles
You must activate a non-leading ledger by company code.
For each ledger that you create, a ledger group of the same
name is automatically created.

Answer / sai vardhan

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

Non-leading ledgers
Non-leading ledgers are activated by company code.
You can define additional currencies that deviate from those used by the leading ledger.
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.
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.
You can also define a posting period variant that differs from the leading ledger.
Separate document types and number ranges can be defined for non-leading ledgers by users, to ensure continuity in ledger numbering.
Non-leading ledger updates the profit center, segment.
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 / mangaiah

the leading ledger is based on same accounting principals as
that of consilidate financial statement .it is integrated
with all subsidiary ledgers andis update in all company
codes you must designate one ledger as leading ledger
in India fesical year variant is V3 and leading ledger is 0l

non leading ledgers are parallel to leading ledgers.they can
based for example on local accounting principals such as
german commercial code

you must active a non leading ledger by company code

our branch in foreign countries at that time we use non
leading ledgers

what is the journal entry for bank guarantee? And under which account group(asset or liabilities)it will come and T CODE for posting bank guarantee ? pls elaborate ........

0 Answers   Satyam,

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in a/r how can you enter the cash against customer?

3 Answers   IBM,

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What is high leavel step in APP ? which is mandatory?

1 Answers   Seal Infotech,

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From G/L accounts data is not getting updated in special purpose ledger (data flow not happening for some company codes) what all may be the reasons ?? How to rectify it??

3 Answers   IBM,

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I am getting the following error message while posting the incoming payments. "The entry 5555 is missing in table T043G SAP FI"

4 Answers  

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Hi all.... Please explain to me... what G/L account should I maintain / create If I want to do the intercompany transfer asset - no revenue. and if I want to do the intercompany transfer asset - Net Book Value. What is the different between this 2 method. My company's requirement is ... 1. Transfering the asset on company A to company B, example Asset 1 - acquisition date : 01.06.2007 , acquisition amount : 1000, accumulated depreciation till 31.12.2007 : 10 so the net book value is 90, useful life 4 years the company wants to transfer this asset in company B. is it possible to transfer all the data just like I explain above : acquisition date : 01.06.2007 , acquisition amount : 1000, accumulated dep = 10

0 Answers   ACC,

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posting keys has given morthan 1 for other than gl acconts . why they have given like that?

5 Answers   Accenture,

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i can't find Particular G/L account releated to Cost center.

1 Answers  

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State about the Customer master data?

4 Answers  

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What concept of group asset while we having asset class

2 Answers  

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What is the special purpose ledger and what would be some reasons for using it?

0 Answers  

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Define the term "field status varient"?

0 Answers  

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