Hi,
I have company ..ABC Ltd., head-quartered in London having presence in all 18 countries all across the globe, having 30 legal entities. ABC ltd., has to submit the consolidated balance sheet of all the 30 legal entities as per the UK legal laws. This ABC ltd., is a wholly owned subsidiary of an Indian company. This Indian company is NASDAQ listed company.
1. What would be the accounting principle of leading ledger in this scenario?
2. How many non leading ledgers we need to open based on the accounting principles?
3. How many depreciation areas we need to set up? Pls elaborately explain me on the asset accounting set up?
Thanks
Anil