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.