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RE:[sap-acct] Local GAAP vs US GAAP - How to deal with both sets of reporting requirements in SAP 4.6

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Posted by S3Kumar (SAP FICO Consultant)
on May 29 at 12:28 PM 		Mark this reply as helpfulMark as helpful
Hi,

It has been a while since I worked on 4.6 but I believe you can create a new ledger, just like a non-leading ledger using special purpose ledger.Call this say "S1- Local GAAP Ledger".You will need to add the corresp. company code (say 1000) to this new ledger and all statutory postings will need to be made separately to company code 1000 and ledger S1.

Now once you have this implemented, you will be able to continue seeing what you were seeing in F.01originally.Additionally, you will also be able to run the F.01 by ledger.So if you run it by company code and ledger then you will only see financial statements for the data which was posted to the company code 1000 in the S1 ledger.

This feature comes integrated in the ECC versions.

Hope that gives some idea.

Thanks,

Saurabh

---------------Original Message---------------
From: imasaf
Sent: Friday, May 28, 2010 5:22 PM
Subject: Local GAAP vs US GAAP - How to deal with both sets of reporting requirements in SAP 4.6

> Hi Gurus,
>
> We are not on sap 6.0 yet so we're trying to find a way to deal with local GAAP and corporate US GAAP reporting requirements. Local GAAP requires we book the item into GL account A but US GAAP requires the item to be booked into GL account B. We are required to do reporting in both methods. Is there a solution to this in SAP?
>
> Also do GL accounts that are not mapped to any Financial Statement Versions always show up in the Balance Sheet (F.01) reports under the accounts not assigned section? Is there a way to have GL accounts hidden in the BS reports?
>
> Thanks

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