A company needs to provide statutory reporting in local GAAP within its country of registration.
In addition, IFRS statutory reports are necessary due to group reporting.
Which one of the following approaches can achieve multi-GAAP reporting in SAP Business ByDesign?
Select an option, then click Submit answer.
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Define one company with a local accounting principle and one with an accounting principle IFRS.
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Close your accounting period in local GAAP and do adjustment postings to achieve IFRS.
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Define one set of books with a local accounting principle and one set of books with an accounting principle IFRS.
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Define one ledger for the local accounting principle and one ledger with an accounting principle IFRS.
