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Former Member
Oct 15, 2020 at 12:55 PM

How to set up multiple ledgers?


Dear all, Our customer has concerns about how to hold multiple ledgers, so let me ask you a question.

We are considering the usage of the ledger below.
-Reading ledger (0L: JGAAP): 2021.4-2022.1 Scheduled to be used after S4HC is introduced
-Non-leading ledger (2L: IFRS): 2022.1-Scheduled to be used after applying the new revenue recognition standard in Japan

When introducing IFRS as a global response, it is recognized that a new ledger is required because IFRS ≠ new revenue recognition standard in Japan, how should we handle it?

I didn't know how to deal with it systematically, so I asked a question.

Best regards,