Ledger Group Postings

[Former Member]

Are accounting principles assigned at the ledger or ledger group level? In the IMG it technically lets you only assign one accounting principle to just one ledger group so I still have open questions around how the configuration works exactly. I am trying to configure a ledger group that allows for postings to both IFRS (ledger 0L) and US GAAP (ledger U0).

[m_madhu · Accepted solution]

HI,

Ledger group is set of ledgers.

one Leading ledger is must.

you can define any ledger is 'Representative Ledger of a Ledger Group'

you have to assign the Ledger group to Accounting priniciple.

Reg

Madhu M

[Former Member]

So would I need to create an accounting principle called IFRS + US GAAP if I wanted a separate ledger group that will only hit both of those accounting principles? I believe in configuration an accounting principle can only be assigned to one ledger group and is not a one to many relationship.

[m_madhu]

HI,

Reg

Madhu M

Edited by: M Madhu on Mar 6, 2009 4:53 PM