Parallel Accounting in SAP: Multiple Accounting Standards - Leading & Non leading Ledger 

Thank you for details. You have explained this topic profoundly. The concepts get cleared

Thank you for explaining the base of these approaches. Clear on parallel accounting now. Thanks a lot for sharing.

It's more ledger approche which is used when it comes to manage automatic flows ans high volume of data. For information, when it comes to feed cash accounts, it's multi ledger flows that is used. Meaning that the expense is payed in IFRS ans local gaap but after the IFRS d'ajustement is coming in order to move it from expense to asset.

Thank you, this is basic information and every financial accounting manager / analyst should know, you made it simple

This video was posted 4 years ago. I would like to know if you still think that the account solution is better than the ledger solution? Thank you for your amazing explanation skills.

Thanks for your very clear explanation. Your examples within the system are very appreciated

Thank you so much for the explanation, very helpful

جد بشكرك انك وضحت من اكثر الاشياء تعقيد بموديل المحاسبة

Thank you sir, much appreciated.

Thank you! Very well explain.

Thank you Abdullah for such a wonderful videos.

Wow, u did a splendid job of clearing the concept with examples... Much needed this... could not find such connection between FSV, transactions , and adjustment .. many thanks!

Explained in details, very informative . Thanks

This was very helpful. Thank you.

Thanks for the very clear explanation!

It is simplefied like a butter. Many Thanks

very informative, thank you Abdullah.

Valuable information provided. Thank you very much..

Great sir

Thanks for your valuable time sharing the knowledge with us

Thank you sir, You are a Genious and the video is very much useful to understand the basis requiremet of different Ledgers

You explanation is simple though effective.. Keep it up my friend..

Thank you so much! This really helps!

simple explanations.. good to start with the concepts...

Really helpful. Much appreciated

Thanks a lot Mr Abdullah. Parallel account was very confusing for me before I had not seen your video. I appreciate the way you explained both the reporting approaches. Now the topic is very clear to me. Keep going with your good work....👍👍

Very clearly explained. Thank you so much :)

excellent explanation

Awesome NIce explanation

Great thanks sir for explanation

Very informative indeed. Cheers, Ahmad,

Excellent explanation,thanks a lot sir

Thank you

Thanks, good session.

Thanks alot very helpful video 😊

I always struggled to understand different between account approach and ledger approach. Thanks for the explanation.

Accounting approach part is really Informative, Abdullah!!

Thank you!!!!!

Am new to accounting am trying to change my carrier and since yesterday l was stuck on account appoch and ledger approach but am glad now l can move on😃 thanks

Thank you very much for your explaination. It helped a lot to learn what parallel accounting is. I hope you could also create a video explaining parallel accounting from the asset accounting perspective.

Congratulations and thank you, explanation, complete and detailed. Explanations are often partial and do not cover the entire process.

Good Explanation

Excellent, keep going!

Your explanation is too good. Love you brother 😊👍

Hi AG, Nice Information as you shared. Thanks

Good explanation

Your videos are very helpful and informative! Thanks for all your work! I am expecting another video for Automatic Payment Process and specifically Payment Methods and configuration :)

Appreciate and thank you for sharing knowledge and such informative content. However i found it easy to work with Ledger approach in Hana, since the users have more visibility in different Fiori line item and balance reports per ledger. Easy to filter separate and post additional entries to other ledgers if required. It is easy to work with Assets as well in ledger approach after config is done. But I totally agree that it depends as per business scenario.

Good explanation on ledger and account approch.

اللله ينور عليييييك يا غالي

Good explanation. It is good to say that we never sum ledgers, because are different kind of accounting.

انت الاول :) لك التحية

Parallel accounting - accounting principle is accounting standards. E.g ifrs ias us gaap. When company is working internationally then need to prepare financial statements in diffn accounting standards. Difn betn gaap and ifrs . Research and development are exp in gaap and assets in ifrs. In account approach we need to create new gl acts to post adjustments entries. Gaap finsntial entry

Awesome video as always. Can we expect a video on new Universal Parallel Accounting functionallity? :D

Nice explains, if you have detailed video please share

Hi Abdullah, First of all great presentation really helped me understand the concept however I have a question regarding the account approach. When we post the adjustment it will update the effect in retained earning account automatically so when we create two separate financial statements the impact of original expense from your example will be nullified right? I think I am missing something here can you please explain how will the retained earning account be handled in FSV.

Dear Abdullah, many thanks for this video! I wasn't able to comprehend Parallel Accounting within the SAP context until I watched this video. Your approach is apt and easy to understand. Could you please do another video on Parallel Accounting for Assets? Thank you

hi in SAP S4 hana i am encountering an issue related to the Raw material as per IFRS we value the stock lower of cost and NRV ( using FIFO and weighted average ) but our system is using standard accounting and creating variances in the pnl which is not in compliance with the IFRS can you make a video on it simplifying this and how can i fetch the report in accordance with FIFO and moving average. Thanks for you amazing videos

Thanks very much Abdullah for your appreciated effort , Could you arrange second session for deep knowledge about configuration and function for parallel approach for two ways ?

You use the ledger approach for parallel accounting in Asset Accounting. Depreciation area 01 is assigned to the leading ledger for an area 01 is assigned to the leading ledger for leading valuation and depreciation area 32 is assigned to the non-leading ledger for parallel valuation. What posting option should you choose for depreciation area 32? parallel accounting in Asset Accounting ممكن شرح السؤال دا ي استاذ عبدالله ولو ممكن فكره في الفديوهات اللي جايه ان شاء الله عن

Thank you Sir. Could you please explain CO- PA (Profitability Analysis) process.

You are the best, I passed my certification TSFIN52 and these topic was very difficult , now I go for TS4FI_1809 certification and I just discover you channel, you are great and you English is perfect. THANK YOU

hi abdullah i am confused regarding the difference between the 0l the leading ledger and 2l the non leading ledger i read in e-books that the leading ledger is a predefined in sap if the ledger is predefined do i assign it to gaap standard for example and create another ledger for ifrs or even using 2L and called it the non leading ledger thanks in advance

Thank you Abdullah!. In case of ECC, what is the best approach to implement for IFRS: Account or Legder approach? knowing that we will migrate to S4Hana in 18 months' time. I read that account might be easier but when migrating to S4H, a ledger approach is much easier to migrate to S4H.

Good explanation. If u can correlate the ledger concepts with Asset accounting it will help.

Liked your content. very precise. Please see if you can do Asset Accounting S4HANA.

Hi AG , the above videos is informative 👍👍👍. Can you further explain the following. 1)How accounting enteries will posted in leading and non leading ledger. please take one complete scenrio of Accounting principle and its accounting enteires. 2)If a company code use IFRS/local accounting and USGAAP having two different fiscal years , how will the closing will be done.(Assets, AR ,AP.ACCURALS, DEFFERALS, etc) 3) In case non leading ledgers in ledger approach how will a FSV look like.Do it will have common GL or will it be considered from 0L as the base. 4) In S4 hana since we will have secondary cost elements , how will this secondary cost accounting ( Apporations, Allocations) will show in non leading ledgers, if any. If you have sufficient time kindly explain through videos Thanks in advance, love your videos 👍👍👍

Very good explaination abdulla thanks for the video, can you please make a video on NEW GL ACCOUNTING

good

Hello, I have a query - for accounts approach at this point 6:49 >> In our example in GAAP we can say that the cash/asset is spent but if we look at the IFRS entries there is no effect.. i mean in actual the asset balance should be increased but it is neither increased nor decreased. So if IFRS guidelines say that its an asset and not an expense we are unable to show the increased in our asset balance. Can you please help me to understand how are we managing the IFRS entries when we are unable to show that our asset actually increased?

Thank you for the video. Can you please tell me how a ledger and Chart of account is mapped. We require to create FSV one for group and the other for country specific COA. I do know that we have alternative account in GL master and also in F.01. Is it possible to have 1 FSV for both.

Hello Abdullah. Thanks for the explanations. In the léger approach why is IFRS in the example set as 2L instead of 0L. I think if we are in group reporting all companies will post in 0L and the local companies in 2L . Sorry for the confusion on my side.

Hi Abdullah, Good explanation I have a question that in Account approach how the integration between IFRS FSV and LGAAP FSV. However we have different gl accounts as per reporting standards.

Thank you again Sir. Could you please explain the difference between the Special Purpose Ledger (used in Classic G/L) and the Parallel Non-leading Ledger (used in New G/L) in terms of functionalities, use and configuration?

Hi Abdullah, thanks for the knowledge sharing. Appreciated! May I seek your advice on assigning 2 COAs to a single company code in S4hana? Thanks for your advice in advance.

Do we intall/spro steps something about/regarding to accounting principles or are just procedures to follow when posting?

You may continue the series on Product costing.

Great Video! Where can I find more details?

Group chart of account is use for only account approach or ledger approach or we can use both scenarios ?

Thanks for your effort.Will you publish a udemy course? When?

شكرا استاذ عبدالله، لو سمحت، لاحظت سؤال طرحه الأخ محمود شهاب، هل يمكنك الإجابة عليه وشكرا

Sir I want to learn in detail concept of parellel ledger so how can I learn can you please suggest any scope or any channel….

Hey, although ledger approach requires more configuration, in fact it's much easier to use and understand by accountants. Think about how to make life of accountants easier, not how to do less customizing... You definitely will have fewer GL accounts to manage in your chart of accounts (and companies hate blowing out the CoA). I think S4 Hana will recommend ledger approach in the future and try to avoid the accounts approach. The leading ledger should never be assigned to a local accounting principle, it always follows the group principle, because of the integration with controlling and consolidation systems. It's a very important setting and it should be carefully executed.

Good information, i have one doubt whether Leading Ledger OL have to assign in IFRS or Local GAAP

In ledger approach...we will have same G/L while posting then why you were saying, in Gaap if account is expense then in IFRS it will be asset ( balance sheet)...please help me to understand.

Hi, I have some questions, how Can I contact you ?

Dear I am working in SAP infrastructure organization and I am very interested to take deep knowledge in SAP but I don't know how to start sap as a student

Hi Abdulla, pls try to create course in udemy. so that it can be helpful to all aspirants to understand clearly.

Hello sir How learn SAP

Hi, Could you explain me how to read Cost center report S_ALR_87013611, means how to analysis Variances and report to management .

One suggestion for you Abdullah, please do not use your hand gestures that much intensively. And also please its so weird you often call... I am going to, going to be.. Thanks never mind please...!!!