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Corporate Accounting vs Statutory accounting?

Posted: Mon Dec 31, 2012 4:27 am
by ERP.R12
Hello,

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

Regards,
KAR

Posted: Tue Jan 08, 2013 1:12 am
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