What are accounting principles?
IFRS
UK GAAP
What specifies the role of a currency in sap?
currency type
What option for currency exist?
local and parallel currencies option
What is the difference between local and group currency?
local: company code currency
group: controlling area
Where is the company code currency and document currency stored?
In the Data entry view
What is the new transaction code to set up currencies?
finsc_ledger
Throug what are exchange rates maintained?
Through SAP NetWeaver
What is the exchange rate type for posting and clearing?
M
Most common
What is the right menu path for currency types?
When was the new ledger architecture introduced?
In S/4Hana Business Suite
How is the new ledger architecture build?
0L Leading Ledger
Non-leading ledger
appendix ledger
How are leading and non-ledgers in S/4Hana created?
as standard ledger.
0l is leading by default
What does the leading ledger define?
The document number f.e. field BELNR
For what is the leading ledger the source?
For actual data CO
At what level can you assign accountin principle?
Ledger level
What is parallel accounting using gl accounts?
perform valuations and closing operations
for a company code
based on accounting principle based on group
What advantage has parallel accounting?
do parallel accounting using gl accounts instead of different ledgers
What is a non-leading ledger?
Last changed3 months ago