SAP Exam C_BYD15_1908 Topic 3 Question 46 Discussion

Actual exam question for SAP's C_BYD15_1908 exam

Question #: 46
Topic #: 3

[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 Nikita at May 08, 2024, 11:49 AM

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France

6 months ago

But option B is less invasive. Just close and adjust.

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Jaclyn

7 months ago

I think C could work too. One set of books for each principle.

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Antonio

7 months ago

Because defining one ledger for local GAAP and one for IFRS sounds straightforward.

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Meaghan

7 months ago

Haha, I bet the person who came up with option A was just messing with us. 'Define one company with local GAAP, one with IFRS'? That's just asking for trouble!

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Louisa

6 months ago

I agree, Option C seems like a safer choice for multi-GAAP reporting.

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Youlanda

7 months ago

Option A does seem a bit risky, it could get confusing.

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Tijuana

7 months ago

C looks promising. Two sets of books? That's double the fun and double the headaches!

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Peter

7 months ago

Hmm, why D?

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Kimbery

7 months ago

I'm leaning towards B. Adjusting the local GAAP period to get IFRS? That's some real accounting magic right there.

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France

6 months ago

It's definitely a tough decision to make.

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Deane

6 months ago

I still think option B is the most efficient choice.

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Serina

6 months ago

True, having separate sets of books could simplify things.

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Dominque

6 months ago

Option C might be a good middle ground.

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Lai

6 months ago

I agree, adjusting the local GAAP period sounds like a challenge.

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Chandra

7 months ago

But option B seems like it could save time.

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Leonor

7 months ago

I think option A is more straightforward.

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Wilson

7 months ago

Option D definitely seems the way to go. Separate ledgers for local GAAP and IFRS? Sounds like a piece of cake!

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Antonio

7 months ago

It's a bit specific. I think option D seems most practical.

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Yasuko

7 months ago

What do you think about the question on multi-GAAP reporting in SAP Business ByDesign?

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