A company needs to provide statutory reporting in local GAAP within its country of registration.

SAP C_BYD15_1908 Question Answer

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?

Define one company with a local accounting principle and one with an accounting principle IFRS.

Close your accounting period in local GAAP and do adjustment postings to achieve IFRS.

Define one set of books with a local accounting principle and one set of books with an accounting principle IFRS.

Define one ledger for the local accounting principle and one ledger with an accounting principle IFRS.

SAP C_BYD15_1908 Summary

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