comparison parallel ledger app. with parallel account app. in terms of IFRS

[Former Member]

Hİ ALL,

we would like to know what is the advantages of using parallel ledger approach for transition to IFRS in SAP instead of using parallel account approach?

thanks in advance

[vivek_srivastava12]

Dear,

Parallel Ledgers has many advantage.

1. General Ledger Accounting allows you to perform parallel accounting by managing several parallel ledgers for different accounting principles

2. You can use the following approaches to portray parallel accounting in your SAP System

(i)  Portrayal using Additional Accounts  

(ii)  Portrayal using Parallel Ledgers

You manage a separate ledger for each accounting principle.

2.  You can use standard reporting for the leading ledger and all other parallel ledgers (Non Leading Ledgers).

3.    With this solution scenario, you can portray different fiscal year variants.

4.    The number of general ledger accounts is manageable.

Br,Vivek