I have 2 consolidation version. One for the USGAAP consolidation and another one for local GAAP. To arrive at local GAAP I need to pass few adjustment entries, but can use the US GAAP version data.
Now the question, do I need to have 2 version or one signle version will do? If I go with single version Can I differentiate the data between both the GAAP with in same version by value type characters?
Edited by: Subra Manian on Sep 3, 2008 5:18 PM
Eugene Khusainov replied
Dan is right. The DocType really may be included into BEx reports and all needed figures might be separated.
However, I do not think that having one version is the best choice even if the adjustments are not eliminations relevant. For example, the most typical adjustments during transformation from local standards to GenAccepted (international) are the entries that revaluate the book value of Fixed assets and their depreciation due to different rates. Let's assume that these adjustments are made within the same entity.
You will immediately have different NI for different standards and RE in the B/S. Since there are only ONE PAIR of clearing items (for B/S & P&L) in one version, it will work ONLY FOR ONE of the standards, not for both.
So, IMHO, go for two versions.