Interested to Buy Any Domain ? << Click Here >> for more details...
Can any body explain what configuration steps are required for
parallel accounting (parallel ledger) in new GL ?
- 2 Answers
- 10079 Views
- Cap Gemini, I also Faced
- E-Mail Answers
Answer Posted / 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.
| Is This Answer Correct ? | 14 Yes | 1 No |
Post New Answer View All Answers
What is account group? What does it control?
What are fi substitution rules?
What are the problems when business area is configured?
Our company has 2 divisions: Food Service & Food Beverage Units Now we have a problem... The customer no. 500 , is shared between our Food Service and Food & Beverage units. T we do not have a customer hierarchy for the following combination: sales org. 1000 dist. channel 10 ( for food service) division 00. We cannot set this up because we have the customer hierarchy already created for sales org.1000, dist. channel 11 ( for food and beverage) division 00 Is there anyway that we can set up the customer hierarchy for food service units? Please let me know
How is account type connected to document type? : fi- general ledger accounting
hi this is ganesh i am having experiance in finanace ,my graduation -B.COM+ONE year excutive MBA i am looking coaching for SAP(FICO) from realtime experiance person from BANGLORE --if any body is their please mail me -to---ganesh.isbm@gmail.com Thanking you Regards Ganesh
What is a year dependent fiscal year variant ?
Am a Sap Fi trainee learning the process, i came across a topic Foreign currency valuation. my doubt is whether foreign currency valuation and foreign currency revaluation is one and the same?
What do you mean by low value assets? : fi- asset accounting
How does master data differ from transaction data in co? : co- general controlling
When a standard cost estimate is run for a finished good does sap calculate cost estimate for its components such as raw and packing material?
Dear experts can you please explain to me whether a vendor/customer master data have 2 different terms of payment in the company code segment and the purchasing organization/sales area segment simultaneously??
What is the configuration setting to be done for posting the accrual in the actual costing run?
Hello SAP FICO consultants, I am Amreshkumar i have completed my BBA in 2009 and currenly appearing for M. com 2nd year & recently completed my SAP FICO module, can anybudy please suggest me how to find job on fresher level? Is there any company who recruites freshers OR is there any consultancies who recruites freshers. please help me.... Suggest me your views on my E-Mail ID: g.amresh@gmail.com ... Thanks...
Is business area at company code level?
