Number of Primary and Secondary Ledger

Summary

Best Practices for deciding Primary and Secondary Ledger

Content

Hi

We are a new zealand and based company and in addition to local GAP,IFRS , we need to report to our parent in US which follows US GAP.

What are the best practices for deciding which should be primary ledger,(Local GAP or US GAP)    and how many secondary ledgers and best possible conversion level strategy .for secondary ledgers?

We are using FCCS,Oracle ERP subledgers and GL.