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 "extended star schema" and how did it emerge?

0 Answers  

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explain the new gl concepts

2 Answers   L&T,

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i am getting error that"there is no item category assigned to account no(any account no)company while save the entries in gernal ledger, i able to simulate the entries but not to saved, i am using 6.0ecc version.

2 Answers  

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Name the standard stages of the sap payment run?

0 Answers  

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company have 2 company codes, now they want to combine as one company code. as a consultant what advise you will give ?.

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What are closing operations? How we have done closing operations

1 Answers  

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In SAP where should we maintain the Company Register Number.

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3 Answers   Deloitte,

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"Special GL indicator F is not defined here" 

2 Answers   NTT Data,

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