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author's profile photo Former Member
Former Member

regarding FI

hello everyone,

plz tell me in Implementation Guide for R/3 Customizing (IMG) -> Financial Accounting (New) -> Financial Accounting Basic Settings (New) -> Ledgers -> Parallel Accounting -> Assign Accounting Principle to Ledger Groups

what is Target Ledger Group? and which types of Ledger Groups are there.

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  • author's profile photo Former Member
    Former Member
    Posted on Feb 21, 2008 at 07:50 AM

    If you're working on parallel ledger, which means that you are maintaining your accounts as per different accounting standards. You need to maintain target ledger group & assign it with the accounting principle.

    For e.g.

    You are maintaining books as per Indian GAAP & as per US GAAP.

    In this case, you need to maintain two GL Accounts. One you need to assign with the Indian GAAP & the other you need to assign with US GAAP.

    Hope this helps.

    Please assign points if useful.

    Thanks

    Soni

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