What is leading and non-leading ledger in the new Gl
configuration?
- 3 Answers
- 25431 Views
- IBM, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
Which releases of mysap business suite are supported on linux?
what are the functional specification in AP, APP ?
What is iban number in sap ?
What is a account group and where is it used?
In customizing company code productive means what? What it denotes?
What are the use of document types ?
can any one send me the real time interview questions and tockets in sap fico ,my mailid is c.sujatha2008@gmail.com
hi my name kali i have 6 month experience in sap fico module how to get job kindly help me
Explain how carry-forward happens in sap?
what are the challenges you are faced with end users ?
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?
what is documentation in SAP FI? and what is reporting in SAP FI?
What is the account assignment category? : fi- accounts payable
Define depreciation areas? : fi- asset accounting
Is any one can you help me by providing the details of 1. companies in which SAP implemented since 2008 on words to till date , implemented partners ,duration of the projects,team size & if possible no of plants of a particular projects. 2.Recently i have completed my SAP SICO now iam preparing my CV ( going with 3+years experience) but since iam living in remote village i don't have access to the persons who are having knowledge of these things so please help me by providing required details. 3. I am waiting for your positive responds, please mail me to jagadeeshparimi@yahoo.com
