URGENT: Best-practice ledger design for IFRS Primary and Local GAAP Secondary Ledger

Summary:

Best-practice ledger design for IFRS Primary and Local GAAP Secondary Ledger

Content (please ensure you mask any confidential information):

Hi,

I am working with a European client that operates through multiple legal entities across Europe, and we are looking to establish a common ledger design in Oracle Fusion Cloud ERP.

Our target principle is:

• IFRS = Primary Ledger
• Local GAAP = Secondary Ledger, where local statutory adjustments are required

However, we have different views on how this should be configured in Oracle.

Example:

Assume we have a Polish legal entity, Company Poland with one operational Business Unit:

Option 1: One business unit with primary and secondary ledger