Parallel Accounting 

Purpose

You can portray parallel accounting in your SAP System. This enables you to perform valuations and closing preparations for a company code according to the accounting principles of the group as well as other accounting principles, such as local accounting principles.

To simplify matters, this documentation assumes two parallel accounting principles.

Implementation Considerations

You can use the following approaches to portray parallel accounting in your SAP System.

·        Portrayal Using Additional Accounts

·        Portrayal Using Parallel Ledgers

You can also continue to use the option for portraying parallel accounting using an additional company code. However, this approach is not supported by all application components. For more information, see Portrayal Using Additional Company Code.

The solution scenarios described require that you have customized the application components that you use consistently.

For information about the settings for parallel accounting for the individual components, see the links in the list under “Integration”.

Integration

Parallel accounting is supported by the following application components:

·        Financial Accounting (FI)

·        Asset Accounting (FI-AA)

·        Corporate Finance Management (CFM)

·        Controlling (CO)

·        Inventory Accounting (MM and ML)

For information about the general settings for parallel accounting, see Defining and Assigning Accounting Principles.

Example

Parallel accounting is necessary for a German subsidiary of an American group. The German subsidiary has to create financial statements according to the accounting principles of the group (such as US GAAP) as well as according to German commercial law (HGB).