Podcast
Questions and Answers
What is one of the main benefits of using the Preparation Ledger?
What is one of the main benefits of using the Preparation Ledger?
- It prevents the release of accounting data in special periods.
- It allows for real-time aggregated group reporting data. (correct)
- It eliminates the need for a leading ledger.
- It requires a separate consolidation unit for each ledger.
Which table is populated with group reporting fields when G/L posting occurs?
Which table is populated with group reporting fields when G/L posting occurs?
- Consolidation data table
- ACDOCA table (correct)
- ACDOCU table
- Financial statement table
What is linked to one accounting ledger in the context of group reporting?
What is linked to one accounting ledger in the context of group reporting?
- One consolidation version (correct)
- Different subitem categories
- Various financial statement items
- Multiple consolidation units
Which of the following fields is NOT updated in the ACDOCA table?
Which of the following fields is NOT updated in the ACDOCA table?
What is one reason customers might implement the group reporting preparation ledger?
What is one reason customers might implement the group reporting preparation ledger?
Flashcards
Preparation Ledger
Preparation Ledger
A dedicated ledger alongside the main accounting ledger, tailored for streamlining group reporting processes.
Benefits of Preparation Ledger
Benefits of Preparation Ledger
It enables you to link accounting data directly to your group reporting needs, improving efficiency and accuracy.
Real-Time Data with Preparation Ledger
Real-Time Data with Preparation Ledger
Key fields related to consolidation (like company, unit, and financial statement item) are automatically populated in the accounting data at the time of posting.
Realignment with Preparation Ledger
Realignment with Preparation Ledger
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Direct Integration of Accounting and Group Reporting
Direct Integration of Accounting and Group Reporting
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Study Notes
Preparation Ledger Concept
- The Preparation Ledger integrates accounting with group reporting at the accounting level.
- One Accounting Ledger and one Preparation Ledger can be assigned to one Consolidation Version.
Benefits of Direct Integration
- Each consolidation version is tied to a single "leading" accounting ledger.
- Implementing the Preparation Ledger is optional.
- Key benefits include populating group reporting fields (e.g., in ACDOCA) during general ledger postings.
- Enables derivation of consolidation units and financial statement items using substitution logic.
- Provides real-time aggregated group reporting data in accounting.
- Improves response time and performance.
- Introduces a new universal journal validation task.
- Allows releasing accounting data into group reporting special periods.
- Facilitates realignment of group reporting and carrying-forward accounting balances.
Preparation Ledger Functionality
- When active, the Preparation Ledger lets you view consolidation fields (e.g., consolidation unit) in financial documents before data is released to the ACDOCU table.
- Relevant group reporting fields updated in ACDOCA include:
- Consolidation unit
- Consolidation company
- Partner unit
- Consolidation Chart of Accounts (COA)
- Financial statement item
- Consolidation subitem category
- Consolidation subitem
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