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Single item plan for two accounting principles (IFRS and Local GAAP) in Group Reporting

tiagoaraujo
Explorer
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338

Hi experts,

In our project, we deal with different Accounting Principles (IFRS and Local GAAP).

In S/4HANA, two Ledgers were created to manage these Accounting Principles, and I have already configured two versions to meet each of them in #GroupReporting.

My question is this: in group reports, the customer wants to have only one Item Plan that meets both Accounting Principles (IFRS and Local GAAP), is this recommended by SAP? What would be the benefits and risks of this approach?

Thanks,
Tiago

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Answers (1)

Answers (1)

Olga_Vasileva
Product and Topic Expert
Product and Topic Expert
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Hi @tiagoaraujo , Group Reporting operates with Financial Statement Items which are mapped to GL accounts in S/4HANA Finance. You can have multiple FI chart of accounts mapped to group chart of accounts in GR for different companies.

Please see GR help on FSI integration with GL accounts: https://help.sap.com/docs/SAP_S4HANA_ON-PREMISE/4ebf1502064b406c964b0911adfb3f01/68c83a5cfb1c4758975...