Re: [sap-acct] Different fiscal year for different accounitng standard (IAS/USGAAP)
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Posted by Roy B(SAP Financials Expert)on 07/11/2009 09:39:00 AM
Are you using New GL? If so you need a leading ledger and a
non-leading ledger. Set your leading ledger as Group (US
GAAP) and your non-leading ledger as IFRS (IAS). Because one
posting hits both unless it is a US GAAP-only or IFRS-only
posting there is no need for a reconciliation. I would
further recommend that you use 3 retained earnings accounts
- Common, US GAAP and IFRS and post these with the results
in the 3 areas.
If you are on an older version you can achieve the same
thing using Special Ledger.
Rgds, Roy
tejas ahuja via sap-acct wrote:
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> My indian company is having fiscal year Apr-Mar & following IAS Std where as Parent US Company is having fiscal year Jan-Dec & following USGAAP, how to Report the same and reconcile
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--
Roy Brookes AFA, FInstBA,
Senior SAP Financials Consultant
Tel: +49 171 268 9635 (mobile)
Tel: +49 40 793 19642 (landline)
Roy.Brookes@Hamburg.de
Roy.Brookes@RoyBrookes.com
RB@Software-Partner-Solutions.com
www.RoyBrookes.com
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