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Parallel Ledgers integration for Asset Accounting

Hi,

We have configured two ledgers for UAE based company having different fiscal year variants, K4 in leading ledgers and V3 in non-leading ledger as per the requirement. AED is the local currency and INR is the group currency and this has been updated in OB22 and in controlling area and operating concern as well.

Now, I need valuable inputs in integrating these ledgers to Asset Accounting. In Asset Accounting, the requirement is that IFRS depreciation as local depreciation area and one another depreciation area as book depreciation area as per Indian company law. For my understanding, there shall be two depreciation areas, one real and another derived for each currency. Appreciate if you can share your hands on experience in meeting this requirement.

Regards,

Ashok Singh

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3 Answers

  • Best Answer
    Posted on Sep 30, 2013 at 02:32 PM

    Hi Ashok,

    Please review the use of parallel valuation as outlined in SAP note:

    1433535 - Parallel valuation: Ledger approach

    This note will show you how to set up a depreciation areas for a simple ledger scenario, but it will also

    show you how you then integrate same approach for any parallel currency.

    If you need information on the difference of General Ledger indicators in transaction OADB, please also refer to the Knowledge Base Article:

    1572318 - Meaning of field "Posting in G/L" in transaction OADB

    I think this information should help you in setting up a correct ledger scenario in Asset Accounting.

    Best regards,

    Brigitte

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  • Posted on Sep 26, 2013 at 09:33 AM

    You may refer the below SAP Notes

    1070629

    1039752

    regards

    Sanil Bhandari

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  • Posted on Oct 02, 2013 at 02:57 AM

    Ashok,

    Are your K4 and V3 fiscal years have the same start and end date? If not, then even though you'll be able to set up parallel areas and nothing would look 'broken' in the system, the fact is that the system can not handle a fiscal year in AA which is different from the FY of the leading ledger, unless the start-end dates of the two FYs are exactly the same. SAP recommends to use the Mirror Tool Solution in that case, which is a SAP custom development. I know they have released some notes on MT recently, but I do not think that they have still opened it up for the customers to develop on their own

    Thanks

    Asheesh Bhatia

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