SAP Exam C_BYD15_1908 Topic 2 Question 53 Discussion

Actual exam question for SAP's C_BYD15_1908 exam

Question #: 53
Topic #: 2

[All C_BYD15_1908 Questions]

A company needs to provide statutory reporting in local GAAP within its country of registration.

In addition, IFRS statutory reports are necessary due to group reporting.

Which one of the following approaches can achieve multi-GAAP reporting in SAP Business ByDesign?

ADefine one company with a local accounting principle and one with an accounting principle IFRS.

BClose your accounting period in local GAAP and do adjustment postings to achieve IFRS.

CDefine one set of books with a local accounting principle and one set of books with an accounting principle IFRS.

DDefine one ledger for the local accounting principle and one ledger with an accounting principle IFRS.

Show Suggested Answer

Suggested Answer: C

by Cassi at Aug 03, 2024, 07:29 AM

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Ivan

1 months ago

I prefer option B because it allows for more flexibility in reporting.

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Rasheeda

1 months ago

I'm not sure, but I think option A could also work.

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Doug

2 months ago

I disagree, I believe option D is more efficient.

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Yolande

2 months ago

A company with two accounting principles? Sounds like they're trying to run a circus, not a business. Option C is the clown-free choice.

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Jerrod

1 months ago

User 1

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Lynna

2 months ago

User 2

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Sharee

2 months ago

User 1

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Maira

2 months ago

I think option C is the best approach.

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Noble

2 months ago

I see your point, Laquita, but having separate ledgers could make it easier to track the differences between local GAAP and IFRS.

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Laquita

2 months ago

But wouldn't option D be more efficient in terms of reporting?

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Grover

2 months ago

I agree with Karrie, having separate sets of books makes sense.

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Dan

2 months ago

Option B? Seriously? Doing adjustments after the fact? That sounds like a recipe for disaster. I'd steer clear of that one.

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Garry

25 days ago

Yeah, I agree. Option B does sound risky. I think option C or D would be a better approach.

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Emerson

1 months ago

D) Define one ledger for the local accounting principle and one ledger with an accounting principle IFRS.

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Rashad

2 months ago

C) Define one set of books with a local accounting principle and one set of books with an accounting principle IFRS.

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Judy

2 months ago

A) Define one company with a local accounting principle and one with an accounting principle IFRS.

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Ammie

2 months ago

I like the idea of Option D. Having different ledgers for each accounting principle sounds like a clean and organized approach.

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Polly

2 months ago

I agree, having separate ledgers for each accounting principle would make reporting much easier.

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Lennie

2 months ago

Option D sounds like a good choice. It would definitely help keep things organized.

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Erasmo

3 months ago

Option C seems like the way to go. Separating the books into local GAAP and IFRS makes the most sense to me.

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Janella

2 months ago

Option C does seem like the most straightforward approach to ensure accurate multi-GAAP reporting.

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Michael

2 months ago

I think option D could also work, having different ledgers for each accounting principle.

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Rupert

2 months ago

I agree, having separate sets of books for each accounting principle would make reporting much easier.

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Karrie

3 months ago

I think option C is the best approach.

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