Sree:
Here are the differences from the FICO point of view:
Ledger:
In the previous version you needed to maintain different ledgers for general requirements, cost of goods sold, profit center etc. But in ECC (6.0) all these requirements can be met in a single ledger.
In the new general ledger, a ledger or ledger group can portray one or more valuation views. All company codes are assigned to a “leading ledger” for each client. This ledger contains the group-valuation view. You can add additional ledgers for each company code. By assigning different characteristic values and fiscal-year definitions, you can use the additional ledgers for different purposes – such as parallel accounting or management reporting.
New Tables
Three new tables in the new general ledger handle totals, store general-ledger and specific line items, and calculate valuations for year-end closings in parallel ledgers.
Totals: FAGLFLEXT
Storing ledger specific line item: FAGLFLEXA and FAGLFLEXP
Valuation for year end closings: BSEG_ADD
Document Splitting:
Allows a granular analysis of a line item
You can maintain books with different accounting principles like USGAAP and IFRS
For more info
www.sap.com/usa/solutions/business-suite/erp/financials/pdf/BWP_New_Gen_Ledger_Acct_Functions.pdf
www.sap.com/solutions/business-suite/erp/pdf/BWP_SB_General_Ledger.pdf
Vj
Assign points if info helps!
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