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Lease accounting for business units with 3 ledgers

Received Response
edited Nov 30, 2023 5:54PM in Lease Accounting 8 comments


My customer requires 3 ledgers local GAAP, US GAAP and IFRS. Each having its own CoA due to the accounting requirements (i.e. the natural account segment value set values are unique in all 3 ledgers). All secondary ledgers are setup at Subledger conversion level.


We have France BU where they have

Primary Ledger - local GAAP (PCG accounting)

Secondary ledger 1 – USGAAP (for corporate consolidation)

Secondary Ledger 2 – IFRS (for EU consolidation)

The FLA module setup allows only two ledgers to be setup

We wanted to setup as follows:

Primary accounting standard = USGAAP; ledger name = **** FR SL – USGAAP

Secondary accounting standard = IFRS; ledger name = **** FR SL-IFRS

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