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?
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?
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?
Which of the following fields is NOT updated in the ACDOCA table?
Which of the following fields is NOT updated in the ACDOCA table?
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What is one reason customers might implement the group reporting preparation ledger?
What is one reason customers might implement the group reporting preparation ledger?
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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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Description
This quiz explores the Preparation Ledger's role in integrating accounting with group reporting. It covers the benefits, functionalities, and the importance of real-time aggregated data in accounting processes. Test your understanding of how the Preparation Ledger enhances group reporting efficiency.
