Use of Leading and Non-Leading ledgers in Asset Accounting
Answer Posted / suresh kumar pratapa
By using leading and non leading ledgers in FI-AA , asset values(APC),depreciation, accumulated depreciation can represents in company code currency as well as additional currency to meet the legal requirments.
Let us assume, company ABC LTD domiciled in INDIA and it is a subsidiary of XYZ ltd,registered in USA.
To meet loacal legal requirments of ABC LTD,should represent asset values in INR and INDIA GAAP as well in USD&IFRS GAAP.(assume Group preparing its finacial statments in US dolloar with IFRS GAAP).A depreciation is required (t.code-OADB)here and need to specify target group in depreciation area, postiung in GL . Before this ledger should be created.
Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What do you mean by depreciation area? : fi- asset accounting
what is important product casting interview questions
How many retained earnings a/c can be defined?
WHAT IS DIFFERENCE BETWEEN CLASICAL AND EXTENDEND WITHHOLDING TAXES
What is a country chart of accounts?
please any body tell me ,the real time responsibilities of sap fico consultant and what r the tools used by him in his real time time job. i want the entire real time job scenario
What is an allocation structure? : co- cost center accounting
What is operating concern in co-pa? : co-pa
For document clearing what are the customizing prerequisites ?
How does sap calculate work in process (wip) in product cost by order?
What is an internal calculation key? : fi- asset accounting
How do you maintain the number range in production environment?
What is the basic difference in wip calculation in product cost by order and product cost by period (repetitive manufacturing)?
How many chart of accounts can a company code have?
How data flows from sd to copa? : co-pa