What is leading and non-leading ledger in the new Gl
configuration?

Answers were Sorted based on User's Feedback



What is leading and non-leading ledger in the new Gl configuration?..

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.

Is This Answer Correct ?    13 Yes 0 No

What is leading and non-leading ledger in the new Gl configuration?..

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

Is This Answer Correct ?    5 Yes 0 No

What is leading and non-leading ledger in the new Gl configuration?..

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

Is This Answer Correct ?    1 Yes 1 No

Post New Answer

More SAP FI-CO (Financial Accounting & Controlling) Interview Questions

In APP If we want to Create cheques. One Standard variant name avaiable in SAP. What is Name?

4 Answers  


How do you define a new company code?

0 Answers  


suppose if client wants to open all the periods up to 2016 how to do that?

4 Answers   TCS,


How do you deal with variances? : co- cost center accounting

0 Answers  


How do you ensure correct balances in the financial statement? : fi- general ledger master data

0 Answers  






What is the Organization elements?

5 Answers   HCL, IBM,


What do you understand by company and company code?

0 Answers  


what is document splitting?

1 Answers   HP,


What are the segments of gl master record? : fi- general ledger

0 Answers  


Can we create Sub Groups in FI/CO Under Current Assets like salary advance, Advances for purchase of materials for staff if we can create how it is or is there other way to maintian sub groups

2 Answers  


What is Lock box in sap fico?

0 Answers  


Why does the system not calculate variance for the 500 kgs which has been delivered?

0 Answers  


Categories
  • SAP Basis Interview Questions SAP Basis (1262)
  • SAP ABAP Interview Questions SAP ABAP (3939)
  • SAPScript Interview Questions SAPScript (236)
  • SAP SD (Sales & Distribution) Interview Questions SAP SD (Sales & Distribution) (2716)
  • SAP MM (Material Management) Interview Questions SAP MM (Material Management) (911)
  • SAP QM (Quality Management) Interview Questions SAP QM (Quality Management) (99)
  • SAP PP (Production Planning) Interview Questions SAP PP (Production Planning) (523)
  • SAP PM (Plant Maintenance) Interview Questions SAP PM (Plant Maintenance) (252)
  • SAP PS (Project Systems) Interview Questions SAP PS (Project Systems) (138)
  • SAP FI-CO (Financial Accounting & Controlling) Interview Questions SAP FI-CO (Financial Accounting & Controlling) (2766)
  • SAP HR (Human Resource Management) Interview Questions SAP HR (Human Resource Management) (1180)
  • SAP CRM (Customer Relationship Management) Interview Questions SAP CRM (Customer Relationship Management) (432)
  • SAP SRM (Supplier Relationship Management) Interview Questions SAP SRM (Supplier Relationship Management) (132)
  • SAP APO (Advanced Planner Optimizer) Interview Questions SAP APO (Advanced Planner Optimizer) (92)
  • SAP BW (Business Warehouse) Interview Questions SAP BW (Business Warehouse) (896)
  • SAP Business Workflow Interview Questions SAP Business Workflow (72)
  • SAP Security Interview Questions SAP Security (597)
  • SAP Interfaces Interview Questions SAP Interfaces (74)
  • SAP Netweaver Interview Questions SAP Netweaver (282)
  • SAP ALE IDocs Interview Questions SAP ALE IDocs (163)
  • SAP Business One Interview Questions SAP Business One (110)
  • SAP BO BOBJ (Business Objects) Interview Questions SAP BO BOBJ (Business Objects) (388)
  • SAP CPS (Central Process Scheduling) Interview Questions SAP CPS (Central Process Scheduling) (14)
  • SAP GTS (Global Trade Services) Interview Questions SAP GTS (Global Trade Services) (21)
  • SAP Hybris Interview Questions SAP Hybris (132)
  • SAP HANA Interview Questions SAP HANA (700)
  • SAP PI (Process Integration) Interview Questions SAP PI (Process Integration) (113)
  • SAP PO (Process Orchestration) Interview Questions SAP PO (Process Orchestration) (25)
  • SAP BI (Business Intelligence) Interview Questions SAP BI (Business Intelligence) (174)
  • SAP BPC (Business Planning and Consolidation) Interview Questions SAP BPC (Business Planning and Consolidation) (38)
  • SAP BODS (Business Objects Data Services) Interview Questions SAP BODS (Business Objects Data Services) (49)
  • SAP BODI (Business Objects Data Integrator) Interview Questions SAP BODI (Business Objects Data Integrator) (26)
  • SAP Ariba Interview Questions SAP Ariba (9)
  • SAP Fiori Interview Questions SAP Fiori (45)
  • SAP EWM (Extended Warehouse Management) Interview Questions SAP EWM (Extended Warehouse Management) (58)
  • Sap R/3 Interview Questions Sap R/3 (150)
  • SAP FSCM Financial Supply Chain Management Interview Questions SAP FSCM Financial Supply Chain Management (101)
  • SAP WM (Warehouse Management) Interview Questions SAP WM (Warehouse Management) (31)
  • SAP GRC (Governance Risk and Compliance) Interview Questions SAP GRC (Governance Risk and Compliance) (64)
  • SAP MDM (Master Data Management) Interview Questions SAP MDM (Master Data Management) (0)
  • SAP MRS (Multi Resource Scheduling) Interview Questions SAP MRS (Multi Resource Scheduling) (0)
  • SAP ESS MSS (Employee Manager Self Service) Interview Questions SAP ESS MSS (Employee Manager Self Service) (13)
  • SAP CS (Customer Service) Interview Questions SAP CS (Customer Service) (0)
  • SAP TRM (Treasury and Risk Management) Interview Questions SAP TRM (Treasury and Risk Management) (0)
  • SAP Web Dynpro ABAP Interview Questions SAP Web Dynpro ABAP (198)
  • SAP IBP (Integrated Business Planning) Interview Questions SAP IBP (Integrated Business Planning) (0)
  • SAP OO-ABAP (Object Oriented ABAP) Interview Questions SAP OO-ABAP (Object Oriented ABAP) (70)
  • SAP S/4 HANA Finance (Simple Finance) Interview Questions SAP S/4 HANA Finance (Simple Finance) (143)
  • SAP FS-CD (Collections and Disbursements) Interview Questions SAP FS-CD (Collections and Disbursements) (0)
  • SAP PLM (Product Lifecycle Management) Interview Questions SAP PLM (Product Lifecycle Management) (0)
  • SAP SuccessFactors Interview Questions SAP SuccessFactors (33)
  • SAP Vistex Interview Questions SAP Vistex (0)
  • SAP ISR (IS Retail) Interview Questions SAP ISR (IS Retail) (28)
  • SAP IdM (Identity Management) Interview Questions SAP IdM (Identity Management) (0)
  • SAP IM (Investment Management) Interview Questions SAP IM (Investment Management) (0)
  • SAP UI5 Interview Questions SAP UI5 (59)
  • SAP SCM (Supply Chain Management) Interview Questions SAP SCM (Supply Chain Management) (51)
  • SAP XI (Exchange Infrastructure) Interview Questions SAP XI (Exchange Infrastructure) (49)
  • SAP Cloud Platform Interview Questions SAP Cloud Platform (34)
  • SAP Testing Interview Questions SAP Testing (89)
  • SAP SolMan (Solution Manager) Interview Questions SAP SolMan (Solution Manager) (63)
  • SAP MaxDB Interview Questions SAP MaxDB (116)
  • SAP GUI Interview Questions SAP GUI (15)
  • SAP AllOther Interview Questions SAP AllOther (329)