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.
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).
To simplify matters, this documentation assumes two parallel accounting principles.
Implementation Considerations
You can use the following approaches to portray parallel accounting in the 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”.
If you already
use new General Ledger Accounting in the production system and want to
subsequently perform the switch from an existing account approach to the
ledger approach in new General Ledger Accounting, you have to use the General Ledger Migration Cockpit with scenario 8.
For more information, see
Subsequent
Implementation of Ledgers (Scenarios 7 and 8) and
Subsequent Switch from
Account to Ledger Approach (Scenario 8).
Integration
Parallel accounting is supported by the following application components:
● Treasury and Risk Management (TRM)
● Inventory Accounting (MM and ML)
For information about the general settings for parallel accounting, see Defining and Assigning Accounting Principles.