Contract and Lease Management: Local GAAP and Global GAAP

[MohanI1984]

Hello,

Currently, we have our CLM valuation rules setup only for US GAAP accounting requirements. Are we able multiple valuation rules to allow accounting for local GAAP accounting requirements as well. After some investigation, I can pull the valuation rules in to the Contract.

Which rule does the system use to post? Screenshot above only has the “HGB” rule posting. Are the other rules just informational? If so, can they be exported in mass from RECESH?

Thank You for your time and response.

[S0010887214]

Hi

Yes, you can able to switch multiple valuation rules.

Go to Posting parameter--> Select the AcctDeterm.Val. as IFRS16

Go To Valuation parameters-->Click on Create term--> select valuation rule

Go To Valuation and select the Valuation rule and run the valuation.