Financial - JDE1 (MOSC)

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Fixed Asset: US Gaap vs Local Gaap

edited Oct 10, 2017 5:00AM in Financial - JDE1 (MOSC) 2 commentsAnswered

Hi Guys,

my Chart of account is structured in the following way:

Local Gaap: booked in the GL account where level of detail = 8 (LEDGER TYPE AA)

US Gaap: booked in the GL account where level of detail = 7+8 (LEDGER TYPE AA)

I have to run the depreciation for assets which have different dep. rules based on the Local GAAP and Us GAAP.

Question is: which is the best way to manage this scenario? I was thinking to manage on the AA ledger the local gaap, on another ledger XX the US GAAP, and then calculate the difference to be booked on the level 8.

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