Corporate Accounting vs Statutory accounting?

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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ERP.R12
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Joined: Mon Dec 31, 2012 4:20 am
Location: India

Corporate Accounting vs Statutory accounting?

Post by ERP.R12 »

Hello,

What is Major difference between Corporate Accounting vs Statutory accounting in oracle financials.

Regards,
KAR
karthikeyanp1981
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Joined: Thu Nov 09, 2006 4:50 pm
Location: India
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Post by karthikeyanp1981 »

Hi KAR,

if the accounting entries that are expected to be generated are different between Corporate Accounting and Statutory Accounting, then different Ledgers are to be defined as per the requirement .. might even result in creating a custom SLA method ...

Regards,
Karthikeyan
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