Answer / paladugu08

How does Parallel Accounting works in SAP (FICO)?
Requirement is; a leading ledger is created in the system
(0L – ledger = GAAP). Then another ledger should be created
and classified as non-leading ledger (1L – ledger = TAX).

All financial transactions in the system are posted to both
ledgers if no ledger is specified in the transaction. If
you generate a financial statement or gl account report,
both ledgers contain the data of the transaction posted.

To post only to specific leger (e.g. 0L – ledger), the
Ledger Group field in the header should be filled-up with
0L – ledger. The transaction won’t affect the other ledger
(1L – ledger).

Configuration Steps:
1. Define Ledgers for General Ledger accounting
2. Define Currencies for Leading ledger
3. Define and active non-Leading ledger.

Answer / mathi

The above answer is correct

What is GL accounting in SAP

1 Answers   TCS,

---

How do you maintain the number range in production environment?

0 Answers  

---

what is miro and migo

4 Answers   IBM,

---

Q.What is the migration g/l account, what is purpose?

2 Answers   iGate,

---

what is the exact roles and responsibilities of SAP CO consultant

6 Answers   TCS,

---

---

Tell me about FI Organizational structure.

12 Answers   Infosys,

---

Explain about a shortened fiscal year?

0 Answers  

---

7) what is the importance of next Posting or Payment date in APP and how it will effect the business?

3 Answers   IBM,

---

how many type of APP we can run .,,, whar are app program

1 Answers   Yash Technologies,

---

How can we create upload A/c in sap? Are they normal GL A/c then which A/c group should be used for them.

1 Answers  

---

Explain about asset master?

0 Answers  

---

What is a cost element group?

1 Answers  

---