I have some misunderstanding of FI configuration in S4HANA 1610
In path SPRO:
1 .Financials Accounting (New) > Financials Accounting Global Settings > Ledgers > Ledger > Define Settings for Ledgers and Currency Types -
I can configure G/L (eg 0L) add to it CCodes (1010) and for every CCodes I can assign accounting priciples (eg IFRS). After creation of G/L system creates Leadger Group for that G/L.
2. Financial Accounting (New) > General Ledger Accounting (New) > Periodic Processing > Valuate > Check Assignment of Accounting Principle to Ledger Group
I can assign Ledger group to accounting principles. This assignments can be different than these done in no 1.
Which of them is used when? Could anyone explain it to me?