Topic overview

Parallel representation of the Financials under different accounting regulations means that values are determined according to various evaluation guidelines and can be also analyzed according to various classification principles. This requires parallel availability of the corresponding values according to the valid valuation and classification regulations.

In order to guarantee analyses of the Financials in this sense, Comarch Financials Enterprise offers parallel maintenance of account balances per accounting regulation with the accounting standard function.

With this function, you can activate an accounting standard for every accounting regulation to be represented. This way, it is possible to maintain the Financial accounting and the cost accounting in parallel according to multiple valuations.

The accounting standards can also be subsequently activated for past financial years. This way, it is also possible to deliver base data for comparisons with the previous year in the case of time-delayed introduction. As soon as an accounting standard is activated, all regular postings are updated both in the balances of the already active accounting standards and in the balances of the new accounting standard.

The opening balance values for object accounts are created per accounting standard from the financial year, from which a second standard is set, because as a result of postings in which an accounting standard is specified, the values of certain object accounts can differ.

The opening balance values for personal accounts are always updated irrespective of the accounting standard.

In displays and analyses, the accounting standard is available as an input or selection criterion. This allows for a complete representation of the figures posted for an accounting standard in almost all valuation or analysis situations.

In the Asset accounting, the assets are evaluated according to depreciation areas and not based on accounting standards according to various valuations. If asset postings are generated for the Financial accounting, e.g., fiscal depreciations, the accounting standard from the corresponding depreciation area is assigned to these postings.

Activate additional accounting standards

First, it should be decided when multiple accounting standards must be introduced. Please note that the last year’ s values must be available for the year in which the conversion should take place. These last year’s values must be adapted to the new accounting regulation so that analyses with the corresponding last year’ s values or comparative values can be created.

Before a second accounting standard is activated, all values of the Financial accounting and cost accounting are represented in the accounting standard 100 that is specified by the setup. This accounting standard is also entered as the default accounting standard in the Customizing application.

In order to activate a new accounting standard for the Financials, it must be created in the Accounting standards application. With the balances rebuilding, the balances are recalculated for every active accounting standard.

Accounting standards

In the Accounting standards application, you can specify the accounting standards that you want to use in the Financials for representing values according to the respective accounting regulations. An accounting standard created in this application is seen as activated if it is not marked for deletion.

Rebuild balances

The Rebuild balances batch application is used for recalculating the balances for every active accounting standard. Here, you can specify the fiscal year from which the balances per accounting standard are to be built.

Customizing

If multiple accounting standards are active in the Customizing application for the Financial accounting main function under the Default function, you can select the accounting standard to be used as the default accounting standard. This accounting standard will be used as default in cockpit views and reports.

Transaction codes financial accounting

An active accounting standard can be assigned to a transaction code in the Transaction code financials accounting application. In the posting dialog, the accounting standard is pre-populated from the voucher type. In addition, the transaction code can be used for specifying whether an accounting standard is required in the posting dialog. For more information, refer to the Transaction codes financial accounting article.

Posting financial accounting

Basically, all postings are updated in all active accounting standards. Object accounts that can be used for representing accounting-specific values for only one accounting standard, can be posted with voucher types of the General ledger postings category and the required accounting standard. This way, the values of certain object accounts can differ in the respective accounting standards.

Therefore, the opening balance postings must be created per accounting standard as well.

Postings with only one accounting standard should not be performed for object accounts of the following account categories because the values of these accounts must in general be equal with all activated accounting standards:

• Financial account
• Cash account
• Collective account assets
• Collective account liability
• Down payment request debtors
• Down payment request creditors

Transaction codes controlling

An active accounting standard can be assigned to a transaction code in the Transaction codes controlling application. In the posting dialog, the accounting standard is pre-populated from the transaction code. In addition, the transaction code can be used for specifying whether an accounting standard is required in the posting dialog. For more information, refer to the Transaction codes controlling article.

Depreciation areas

An accounting standard is to be assigned to every active depreciation area. As far as postings are generated for the Financial Accounting, this takes place with the accounting standard that is assigned to the corresponding depreciation area.