Additional Non-Leading Ledger for IFRS implementation

Hi
My client wants to implement IFRS accounting wef 1 April. They already have couple of non-Leading Ledgers operational. Please confirm if the creation of a new non-Leading Ledger for IFRS would serve the purpose. Is it in anyway different from creation of other non-Leading Ledgers for US-GAAP, UK-GAAP ? Also, I would like to know what are all the points to be taken care of while implementing IFRS accounting standard.
Any documentation which would augment for the IFRS implementation in SAP will be of help.
Thank you
RK

Hi Ravi,
Iam not sure about your question but can you tell me what are the activities you carry out now for non-leading ledgers..Do you need to carry out month end closing for that non-leading ledger also???
Thanks,
sai.

Similar Messages

Activation of new Non leading ledger for IFRS- Challanges involved

HI
Good Day. I am requesting this qwery on behalf of my company. We are working on SAP ECC 6.0 and the New G/L functionality is activated and additional non leding ledger have been defined for IFRS reporting for some of the company codes rolled out subesequently.
Duriing the implementation , IFRS ledger was not defined for some of the company codes at that point of time. Is it feasible to define the Non leading ledger for IFRS reports now.
If it is possible, how to migrate the opening balance to this ledger. What are the other challanges involved, if we activate the non leading ledger now.
Thanks in advance for your guidance.
Regards.
S K Patra

You want to assign an additional ledger to a company code later on in General Ledger Accounting (new). You have to utlize the functions that are provided by the SAP General Ledger Migration Service.
This falls under Scenario 7: Subsequent implementation of an additional ledger
You need to consider this as a separate project and must prepare and execute this project with the utmost care to ensure accounting is still in order following the activation.
You have to structure accounts and already posted line items of the subsequently implemented ledger, in addition to
consistently changing various interdependent Customizing settings (for example, for General Ledger Accounting and Asset Accounting). SAP provides only a technical migration
Please refer to note 1227504.

Posting entry into non leading ledger for already closed books

Hi
We have two ledgers - Leading (as per IGAAP) and Non Leading (IFRS)
Now there is Rs. 54Lacs expenses which are pertaining to March 2010. This expenses are being booked in October 2010
Now as per IFRS, i need to re-instate this amount in March 2010
So i want to pass this entry for IFRS ledger only in fiscal year which is already closed and carry forward
So what should i do now?
Should i open the posting period for March 2010 (last closed fiscal year). Is it possible ?
If i open and post the entries, do i need to carry forward the balances again for IFRS Ledger ?

Hi Meenu,
You need to open the posting period 3 of 2010 and post entry only in the non Leading ledger of IFRS. When you post entry it will automatically be reflected in the current year.
Secondly, the carry forward transaction does no harm even if you run it again..
Regards,
SAPFICO

Difference in ABST2 in non leading ledger for 2nd LC AA and 2nd LC GL

Hi,
While executing ABST2 there is difference in our non leading ledger ,we have recently created new dep. area 33 which updates the values in 2nd LC AA for non leading ledger but value in 2nd LC GL is different from what we have in Asset for non leading ledger Z1 .
When we check in FAGLL03 for Z1 ledger we came to know that Asset balance is updated from Local currency and GL values are updated from 2nd Local currency ,but in 2nd Local currency system has not post any entry and due to this there is difference.
We want the same value in non leading ledger Z1 for 2nd LC AA and 2nd LC GL.
Please let me know if there is any specefic settings required for the same.
We have mantain dep area 34 also as per SAP Note 1433535 but still there is difference in ABST2.
Thanks
Akshata

Hello Akshata,
If you want to setup a scenario in Fixed Asset Accounting, where
you post different valuations (local GAAP / IFRS) to a different ledger
group in G/L for parallel valuation, then you have to use (in total) 3
depreciation areas in the following way. For each additional "valuation"
for which you have additional ledgers defined in G/L, and for which you
want to get different values as those posted in area 01, you need also
two additional depreciation areas (1 real and and 1 derived area) in
asset accounting.
Please consider a correct definition of a parallel ledger scenario
is as follow: this is an example only
                           Posting to G/L         Ledger
Area 01 HGB                        1                   0L    > STATUTORY
Area XX IAS                          3                   LG    > (IAS)
Area YY (IAS - HGB)             5 or 6              LG    > (IAS)
Acquisition/transf/retirement postings in area 01 go to all ledgers
independently of your setting in OADB. And, if any difference occurs
between area 01 an area XX this is posted trough the derived area YY
(posting indicator 6).
This is the parallel ledger scenario logic and how the techinal
solution to this requirement was developped.
You can find more documentation about the so-called "Ledger Scenario" in
Asset Accounting for the purpose of parallel valuation in the SAP Help
Portal. You may find these links helpful:
a) Parallel Accounting in Asset Accounting
http://help.sap.com/erp2005_ehp_04/helpdata/EN/91/09f5400e517e7fe1000000
0a1550b0/content.htm
b) Parallel Valuation
http://help.sap.com/saphelp_erp60_sp/helpdata/en/4f/71ea61448011d189f000
00e81ddfac/content.htm
c) Making Settings for Parallel Ledgers in FI-AA
     > this one documents my above explanation
http://help.sap.com/erp2005_ehp_04/helpdata/EN/0d/de3d83c78b48a28a44ad92
14239d57/content.htm
d) Example: Parallel Accounting and the Derived Depreciation Area
     > this one describes how the derived area acts in the scenario
http://help.sap.com/erp2005_ehp_04/helpdata/EN/37/ebad814b3347e9bc5182c0
56d5bbd8/content.htm
kind regards
Ray

Subsequent Activation of Non Leading Ledger

Dear Experts,
We are now in 6.0 version of SAP with New GL and Profit Centre Document Splittings. Our Leading Ledger is for Local Indina GAAP. Now we want to create new non leading ledger for IFRS.
Whether we will take help of SAP for migration of old account balances beacuse we will create non leading ledger on 01.06.10 and we went go live on 01.02.2008.
Or we should take help of any consulting firm for implemnentation as we know any how for balance transfer to non leading ledger SAP migration tool to be used.
Please help.
Regards,
Alok

Hi,
Many different migration scenarios are imaginable for the transition from classic General
Ledger Accounting to new General Ledger Accounting, ranging from the straightforward
merge of existing ledgers to a totally new conception of accounting, such as the introduction
of segment reporting for compliance with new accounting principles. In particular in the case
of a new conception of accounting, there are two aspects to the transition to new General
Ledger Accounting: firstly, a conceptual business part, and secondly, a technical part dealing
with the migration of the existing accounting data to the new structures for General Ledger
Accounting.
The new features relate to very extensive changes, the transition to new General Ledger
Accounting is very complex, and the data volume involved is not to be underestimated. A
comprehensive analysis of your situation at the outset and the detailed planning of the
migration are crucial to the success of the migration.
We therefore recommend setting up an individual project for the migration,
entailing project phases, milestones, and so forth, and taking the appropriate
steps to ensure sufficient testing and training.
To achieve a high degree of safety in this respect, SAP accompanies each migration project
with the SAP General Ledger Migration Service. This mandatory technical service relates to
the standard migration scenarios and contains a scenario-specific General Ledger Migration
Cockpit and service sessions to ensure the quality of the data and of the migration project.
The service sessions are performed by the General Ledger Migration Back Office that has
been set up especially for this purpose.
Hence please contact SAP consulting for this Activity...
Regards
Manu
SAP GD

Ledger Group field NOT showing in FB03 after activating Non- Leading ledger

Dear All Experts,
I have activated non leading ledger for my company code and posted the document successfully from FB60. Now coming to FB03 I can see the document in Local Currency and Group Currency - USD but the Ledger Group field still shows complete blank. As I guess it MUST show 1F ( Non Leadig Ledger ) which is my non leading ledger.
Where I missed the configurtation step ? If anybody has gone through the same issue please guide or provide some inputs.
Regards,
Revati Joshi.

Non-leading ledger use t codes FB01L and FB50L
The reason that the Ledger Group 0L is being used it´s because the Accouting Principle of your Valuation Area.
What you have to do is you need to create a new Ledger Group and assgn it to your valutaion area.
Then you assign this accounting principle to the valution area.
Then assign the accounting principle to no Ledger Group.
Please see the customizing path:
Define new Ledger Group:
Financial Accounting (New)>Financial Accounting Global Settings (New)>Ledgers>Ledger>Define Ledgers for General Ledger Accounting (dont active your new ledger as leading ledger. leave the standard as the leading )
Assign Accounting Principle to none New Gl Group:
Financial Accounting (New)>General Ledger Accounting (New)>Periodic Processing>Valuate>Check Assignment of Accounting Principle to Ledger Group
Assign your Valuation Area to the accounting principel just assigned to none NewGL Group:
Financial Accounting (New)>General Ledger Accounting (New)>Periodic Processing>Valuate>Assign Valuation Areas and Accounting Principles
Now you have more then one Ledger Group in you client (which is not being used for nothing) and you have a valuation area that is linked to a Accounting Principle that is linked to no Ledger Group.
Go ahead now and execute the FAGLF101. You will see that the standard will not try to inform leading ledger in the Group of Ledger.
I found this solutiong debbuging the standard. Took me quite a bit to discover.
The problem was in SPRO->Financial Accounting(New)->General Ledger Accounting(New)->Periodic Processing->Valuate->Check Assignment of Accounting Principle to Ledger Group. In "Target Ledger Group" field, the ledger "0L" were configured in BRAP and GAAP. So, the system automatically assigned the ledger "0L" when performing FAGLF101.

Whether Non leading ledger will have copy of Leading ledger transactions?

Hi,
I have basic understanding about leading and non leading ledgers. My question to the forum is whether non leading ledger will have copy of leading ledger transactions meaning whether entries posted from other modules like SD,MM,PP will be available in both leading and non leading ledger or how it will be saved in system. Then if I post any entries only in non leading ledger, for particular set of GL's and If I want to view the GL balances line item wise (with entry posted in non leading ledger) how can i view it.
Regards
Karthikeyan G

Hi karthik,
The postings in different ledgers happen through Ledger groups.
Say you have one Leading ledger - 0L and two non leading Ledgers N1 & N2
In Configuration you define ledger groups
You can have a single 0L Ledger in a ledger group or you can have all the three ledgers in a ledger group
At the time of transaction posting in FI, you have the option to enter ledger group also. If you dont enter any ledger group, then entries will flow in all the ledgers, and if you enter a ledger group where only 0L is included, then it will flow only in 0L and when you use a ledger group where one leading and one non leading ledger is included, it would flow to only two ledgers.
For entries from MM, SD or other modules, you dont have the option of entering ledger groups, so entries will reflect in all ledgers.
Regards,
kavita

Non leading ledger (V3) shows wrong fiscal year

Hi All,
I am using leading ledger for USA (K4) and Non-leading ledger for local GAAP, India (V3). while posting into Asset Accounting, it is recorded properly bu when i am executing report for Asset accounting, i am geting the information in V3 for 2011 fiscal year which supposed to be in 2010.
Can anyone help me to resolve it.
Thanks & Regards
Sukant

HI,
check SAPNET notes 844029 and 1175751 they describe the SAP standard system behaviour and what you can do.
best regards, Christian

Adding Non-Leading Ledger after Go Live

Greetings SAP'ers,
We are 2 months live with one of our Central American entities and we have New GL active, document splitting, etc., and now we find out we need a non-leading ledger for one of the countries for local reporting. Does anyone have experience adding a non-leading ledger after go-live? And if so, what are the implications of the documents already posted to that company code. Is there a migration of posted documents? The documentation is unclear as to whether this can be done.
Please let me know your experience.
Thanks,
Jim Steinle

Hello
As far as I know, One company many company codes can have only one leading ledgers and non leading ledgers for each company code.
In your case, you have not assigned a ledger to the company code. So the data must have been in the leading ledger.
And now if you assign, all the data henceforth would go to the ledger, but not sure of the past data.
Suggest you to create in quality and test check.
If it does not work out, then there should be note specifying a program to revive the data from leading ledger ?
Reg
*assign points if useful / I am not sure if it is really useful

Advantages of Non Leading ledger

Hi Friends,
This is Ajay ,can anay one tell me, how to assign a Feild status varient to a non leading ledger in
sap fico .
Also tell me the advantages of a non leading ledger, and how it works in real time scenario?
Thanks & Regards
Ajay

Dear,
Non Leading Ledger:
The non-leading ledgers are parallel ledgers to the leading ledger. They can be based on a local accounting principle, for example. You have to activate a non-leading ledger for the individual company codes.
Non-leading ledgers can have different fiscal year variants and different posting period variants per company code to the leading ledger of this company code. The second and third currency of the non-leading ledger must be a currency that is managed as second or third currency in the respective company code. However, you do not have to have a second and third currency in the non-leading ledger; these are optional. Alternative currencies are not possible.
The non-leading ledgers are parallel ledgers to the leading ledger. They can be based on a local accounting principle, for example. You have to activate a non-leading ledger for the individual company codes.
Non-leading ledgers can have different fiscal year variants and different posting period variants per company code to the leading ledger of this company code. The second and third currency of the non-leading ledger must be a currency that is managed as second or third currency in the respective company code. However, you do not have to have a second and third currency in the non-leading ledger; these are optional. Alternative currencies are not possible.
Check link: http://help.sap.com/SAPHELP_ERP2004/helpdata/EN/44/48584025233b70e10000000a1550b0/content.htm
http://wiki.sdn.sap.com/wiki/display/ERPFI/NewGLBasicOverview
Regards,
Syed Hussain.

Difference between Leading ledger and Non-Leading ledger

Dear friends,
what is the main difference between Leading ledger and Non-leading ledger in New G/L.
Thanks in advance,
Babu.

This concept is introduced in SAP Ecc6.0
Many companies have to maintain books for more than two fiscal years (For example 31st December as per companies act & 31st March as per income tax Act).
So leading ledger & non leading concept helps in maintianing same.
Leading Ledger is the ledger in which all the entries are posted originally. From Leading ledger all entries flow into non keading ledger. You need not pass entries seprately in leading or non leading ledger.
In case your leading ledger is Jan to December, January will be the 1st period & so on.
In case your non leading ledger is April to March, April will be 1st period.
Also, The leading ledger is based on the same accounting principle as that of the consolidated financial statement.
The non-leading ledgers are parallel ledgers to the leading ledger. They can be based for example on local accounting principles
Leading ledger is integrated with all subsidiary ledgers and is updated in all company codes. This means that it is automatically assigned to all company codes.
In each company code, the leading ledger receives exactly the same settings that apply to that company code currencies, FYV and posting periods. You can define a second and third parallel currency for your leading ledger for each company code.
Non-leading ledgers are parallel ledgers to the leading ledger. They can be based on a local accounting principle of a country, ex: You have to activate a non-leading ledger for the individual company codes.
Regards

How to post a acquisition entry in Dep area 30 (for Non Leading ledger)

How to post a acquisition entry in Dep area 30 (for Non Leading ledger N1)
In our scenario, following configuring is being set up:
1 Book depreciation IAS/IFRS 1 0L
30 LOCAL 3 N1
51 Property Tax 0
60 DELTA 6 N1

Hi Saurabh,
Create a new custom transaction type by coping existing TTYPE 100 and restrict the transaction type which allow posting for dep.area 30 and do posting in FB01L by selecting ledger group.
Regards,
Mukthar

Profti Center Determination for Non Leading Ledger

Hi,
We are on ECC6, EHP4. We have activated non leadgin ledger and I am facing issue in asset accounting transaction type for Write up, I have created for Non leading ledger (IFRS) . Following is the issue.
I have created the transaction type "Z71" and attached it to the "IFRS " depreication area. Whenever I post the write up entry and process it from "ASKB" with transaction type "Z71"I get the error "Balancing Field Profit Center in line item 001 not filled." Whenever I use transaction type which posts to both the ledger, entry gets posted correctly without any error.
What could be the issue, am I missing sometihing in configuration?
Please advise
Regards
Shailesh

Dear shilesh,
were you maintain profit center in Define document splitting characteristics for general leadger account
Pls reply me
Thanks & Regards
shankar

How to clear the open item for non-leading ledger?

Hi, Experts,
I have two valuation area VA001 and VA004 and two accouting principle GAAP and IFRS.
Then I assign VA001 to GAAP (post to leading ledger) and VA004 assgin to IFRS (Post to non-leading ledger "IF").
There are two ledger group ,one is 0L and the other is IF.
When i run TBB1, system generate 2 FI documentes.
Then I run F13E to clear the GL account, because some GL is open item management.
But only ledger 0L is cleared, the other non-leading ledger "IF" is not cleared.
I don't know is there any possiblity that system will clear open item for leading ledger and non-leading ledger together?
TKS a lot.

Hi Louise,
you do posting in TRM, but clearing is done in FI, so I moved the thread.
BR, Tomislav

Fiscal Year for Non-Leading Ledger Issue

Hello Experts,
I am implementing New GL concept in my Current Implementation..
We have one company code which is based at US and has a branch in india
In this case, i have configured one non-leading ledger with Fiscal year variant V3 and Currency INR.. for Indian local Reporting...
Here after posting the transaction, In F.01 report, i am not able to view the Fiscal period for that non leading ledger which i have crated for India
Kindly help me.. I want to view the F.01 report with US posting period when i executed with Leading ledger OL and V3 fiscal period when i execute this with Non- Leading Ledger KS
Kindly Help me regarding this. And also help me to provide some transaction codes for executing reports exclusively for Non- Leading Ledgers..
Thanks
TK Surya

Hi Aravind,
Thanks for the immediat response. But I am not able to understand the activation of non leading ledger and activating it with two currencies and fiscal year variant. Can we have two reporting structure with two periods with two different starting and ending dates.
Thanks once again
surya

Additional Non-Leading Ledger for IFRS implementation

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