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Apr 17 at 09:05 AM

Amend France FEC Audit File to Exclude Entries Related to Leasing


Hi everyone. My client is in France. Their accountant has checked the FEC Audit File from SAP and advised that the entries posted with regards to lease accounting must not appear in the FEC Audit File.

The company in France is using SAP for recording transactions which are included in the overall Confluence Group. Hence The SAP entries are used as a basis for filing the statutory reports and for consolidation to Group

The Group has passed the attached lease entries according to the lease accounting standard which is a US standard. However in France this standard is not accepted, hence the lease cannot be recorded this way. In the list of accounting entries those lease entries must not appear.

Anybody can advise what should be done to achieve this?