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Can FCCS take data from multiple secondary ledgers and produce Multi GAAP

in Financial Consolidation and Close 1 comment

Summary:

We plan to setup our primary ledger in US GAAP and have two secondary ledger (one for Local GAAP and 2nd one for IFRS). The question is

  1. Can FCCS consume data from both secondary ledgers in addition to the Primary Ledger
  2. Can FCCS produce consolidation in US GAAP and IFRS at the same time and if Yes, will there be a manual intervention to produce that or can there be rules which can perform the translations.

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