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Jul 22 at 06:46 PM

Asset Posting with two different ledger but asset capitalization and Expenaes

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Hello Experts,

I have one query about New Asset Accounting transaction. Please find below scenario : =

Suppose in one Purchase Order we have 2 line item's (like 010, 020) which are related to asset posting. So is it possible to having posting like below:-

010 - ONE posting should be toward Leading ledger (0L) and accounting principle IFRS whereas same posting should be toward Non-leading ledger (2L) & accounting principle GAAP AND asset should be capitalized.

020 - ONE posting should be toward Leading ledger (0L) and accounting principle IFRS and here asset should be capitalized whereas another posing should be toward Non-leading ledger (2L) & accounting principle GAAP, BUTasset should not be capitalized here. It should be treat as a EXPENSES under 2L and GAAP.

So in short under 020 line item, asset should be capitalized under IFRS and 0L WHEREAS same asset should not be capitalized under GAAP and 2L. Since it should be treat as a EXPENSES.

So, could you please guide me in this scenario. Please share your valuable thoughts.

Thanks and regards,

Rudransh