what is the difference between leading and non leading ledger.
- 3 Answers
- 14836 Views
- IBM, I also Faced
- E-Mail Answers
Answer Posted / kanth
New General Ledger has all functions of the Classic General
Ledger but has been enhanced with special ledger functions
to create greater flexibility.
• In New G/L, there is one leading ledger for each
client that is valid for all company codes
• You can define only one ledger as the leading
ledger – SAP provides the leading ledger “0L”
• 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
In each company code, the settings made for the following
parameters are automatically applied to the leading ledger:
• Currencies
• Fiscal Year Variant
• Posting Period Variant
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.
• Non-leading ledgers are activated by company code
• You can define additional currencies that deviate
from those used by the leading ledger.
• The currency of the leading ledger is always used
as the first currency.
• 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
| Is This Answer Correct ? | 4 Yes | 2 No |
Post New Answer View All Answers
What is open line item management? What is meant by clearing open line items?
where we assign juridicial codes while we configeration of WHT?
What is an asset master? : fi- asset accounting
What are the options in sap when it comes to fiscal years?
in which server did number ranges of CO mainly created? is it in development server or in production server? Plz. give the reason.
In sap fico what are the terms of payment and where are they stored?
Difference between depreciation ,accumulated depreciation and apc?
What are the different submodules in sap fi?
In asset accounting what are the organizational assignments?
What is the chart of account and how many charts of accounts can be assigned to a company?
Explain cost center accounting? : co- general controlling
Why is it not possible to post to a customer a/c in a previously closed period?
What is chart of depreciation ? : fi- asset accounting
Define cost center accounting (co-om-cca)? : co- cost center accounting
What Kind of Report we Can see in Cost based Profitability Analysis and Accounting based Profitability Analysis ? Technical things ?
