Can any one tell me "What is parallel reporting / accounting
in SAP FICO? Please tell me in details.
Answer Posted / steve
parallel accounting is storing & posting data in various
accounting principles in seperate ledgers.you can maintain one
as leading ledger and additional ledgers can be maintained for
various accounting principles.(e.g)ifrs,usgaap so on.
Hope this might be helpful.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
How many numbers of line items in one single entry you can have?
1) How other modules are integrated with FI 2) What is a variant how the Fiscal year variant works, what is the indication -1 or +1 denotes 3) What are the controls you have to consider when you create GL master
what is the configuration steps of letter of credit?
Describe a purchase cycle? : fi- accounts payable
If Document posted in one fiscal year can it posted in Next Fiscal year?
What is the difference between 'company code' and 'company id' when in the fi global settings in the img?
What is a posting period?
What is the meaning of preliminary cost estimate for product cost collector?
What are the top 3 questions you have to ask before going to start the implimentation of project?
What is in the general ledger?
Can one chart of accounts be assigned to several company codes?46
Hi sap expert. i want to know all the interview type of question and answer in asset management, automatic payment (app) and field status group.
How does sap calculate work in process (wip) in product cost by order?
What do you understand by posting key? : cost center accounting
Explain the purpose of the account type field in the gl master record?