on 07-03-2023 8:10 PM
Our client is based in South Korea and it's headquarters are based in Germany.
Country wise, only Korea is in scope for this project.
Their requirement is to have Germany GAAP as a leading ledger (0L), and Korea GAAP as a non-leading ledger (2L).
IFRS is not used.
Is it possible to have two local accounting principles without use of IFRS or US GAAP ?
Please also visit this blog- https://blogs.sap.com/2023/06/14/how-to-setup-local-accounting-principle-as-group-accounting-princip...
for additional information.
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