SAP Exam C_BYD15_1908 Topic 7 Question 39 Discussion

Actual exam question for SAP's C_BYD15_1908 exam

Question #: 39
Topic #: 7

[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 Novella at Jan 24, 2024, 09:38 PM

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Devora

4 months ago

Option D, all the way! Ledgers are where it's at. Forget about adjusting postings, that's just asking for trouble.

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Ruby

4 months ago

A classic case of 'two sets of books' - option C is the way to go! Don't try to juggle your accounts, just keep them separate.

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Dusti

3 months ago

User 2

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Bethanie

4 months ago

User 1

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Jacki

5 months ago

Option A sounds a bit too simple. I doubt a single company could handle both local GAAP and IFRS reporting requirements effectively.

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Mike

4 months ago

I agree, having distinct set of books for each accounting principle would ensure accurate reporting for both local GAAP and IFRS.

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Mel

4 months ago

I think option C could be a better approach, having separate set of books for each accounting principle.

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Reuben

4 months ago

Option A might be simpler, but it may not be sufficient for handling both local GAAP and IFRS reporting.

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Heike

5 months ago

Hmm, I'm not sure if option B is a good idea. Trying to adjust postings to achieve IFRS seems like it could get messy.

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Danilo

5 months ago

I'd go with option C. Having two separate sets of books gives you more flexibility in managing the reporting requirements.

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Arletta

4 months ago

User 3: Option C it is then, thanks for the input!

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Paul

4 months ago

I agree, having separate sets of books for each accounting principle is the most efficient way to handle multi-GAAP reporting.

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Tamekia

4 months ago

User 2

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Cordelia

4 months ago

User 2: I agree, having separate sets of books makes it easier to meet both reporting requirements.

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Laura

4 months ago

User 1: I think option C is the best choice.

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Alexia

4 months ago

Option C is definitely the way to go. It makes it easier to keep track of everything.

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Ronny

5 months ago

User 1

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Marge

5 months ago

Option D seems like the way to go. Defining separate ledgers for local GAAP and IFRS is the most straightforward approach.

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Aretha

4 months ago

So, it seems like defining separate ledgers is the best way to ensure compliance and accuracy in reporting.

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Glory

4 months ago

Definitely, especially when dealing with multi-GAAP requirements for group reporting.

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Marci

5 months ago

That makes sense. It's important to maintain accuracy and compliance in statutory reporting.

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Jaleesa

5 months ago

It might be more efficient, but having separate ledgers can prevent any confusion or errors in reporting.

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Ludivina

5 months ago

But wouldn't it be more efficient to just have one set of books with both accounting principles?

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Chery

5 months ago

I agree, having separate ledgers will ensure accurate reporting for both local GAAP and IFRS.

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Golda

5 months ago

Option D seems like the way to go. Defining separate ledgers for local GAAP and IFRS is the most straightforward approach.

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