SAP Help Site

RE: [sap-acct] Parallel Accounting Solution – Company Code

Posted by liamd
on 08/10/2008 04:34:00 PM

ECC6 allows you to maintain several parallel ledgers in a single company

This means that you can use one or more ledgers PER COMPAY for local GAAP
accounting etc. (different depreciation rules, inventory valuation rules
etc.) and another ledger, that you reserve for IFRS, fed by a different set
of rules from the same originating transactions. These ledgers are updated
simultaneously from these same transactions, allowing you to view the
company GL from different perspectives simultaneously via the parallel
ledgers. Some companies will have two or three ledgers – one for local
statutory compliance, one for IFRS, maybe one for tax timing differences;
maybe one for specialist sector reporting (such as for local banking
regulation for banking companies).

ECC6 GL also provides many more analytical categorisations per GL posting
line(“dimensions etc.”) that you can freely reserve and populate, and which
significantly increase the scope of what you can report out of GL. You can
think of these as similar in use to “characteristics” in CO-PA.

For both reasons the move to ECC6 GL should not be considered a technical
upgrade. There is a great opportunity to rework the fundamental quality of
financial reporting and compliance.

From: YOURMAY via sap-acct []
Sent: 09 August 2008 08:16
To: liamd
Subject: RE:[sap-acct] Parallel Accounting Solution – Company Code

Our external reporting level is company code level.
If I refer the SAP Help document, SAP advise additional company code as one
of parallel accounting solution.
However, I’m not sure about real experience case?
Is there any body has some lessons learned from this solution approach.
If additional company code is not recommended, we’re thinking we adopt the
Special Purpose ledger solution.
Pls see the sap help file belows.
—–Original Message—–
At what level do you do external reporting? NEVER set up additional
company codes unless you have a separate legal entity that requires
separate reporting.

Copyright © 2008 ITtoolbox and message author.
No redistribution.

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