For depreciation area 1, system posts value in real time whereas for depreciation area 30, system posts only depreciation value. Valuation area for Indian GAAP (Non-Leading ledger)ĭefine depreciation area 1 (book depreciation area ) and 30 (depreciation area for Indian GAAP). The following depreciation areas will be created: We have already created ledger group for each ledger in General Ledger accounting, the same ledger group will be assigned in depreciation area of each accounting principle in asset accounting. The derived depreciation area triggers adjustment postings to keep the general ledger and subsidiary ledgers in sync. For valuation of non-leading ledger, we create one separate real depreciation area and one derived depreciation area for each accounting principle so that the values of Asset Accounting and General Ledger Accounting can be reconciled. In asset accounting, we use master area i.e. ![]() ![]() leading ledger ‘0L’ for US GAAP and Non-leading ledger ‘X1’ for Indian GAAP. In General Ledger accounting we have created ledgers for each GAAP i.e. ![]() In our scenario, company code AIPL (Hindustan Mills Ltd) follows two accounting principles that is US GAAP and Indian GAAP. We can use parallel ledgers in asset accounting for different valuations as per different accounting principles.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |