#lecture 38: Parallel Accounting in SAP FICO S4 HANA |#saps4hana | #sapficotutorial

In this video, learn how to implement Parallel Accounting in SAP S/4HANA to manage financial reporting across multiple accounting standards, such as IFRS, GAAP, and local statutory requirements.

This lecture covers the key concepts and configuration steps needed to enable organizations to maintain separate financial ledgers, ensuring compliance with different regulatory frameworks while streamlining financial operations.

📌 Key Topics Covered:

- Introduction to Parallel Accounting in SAP S/4HANA
- Overview of Ledgers: Leading vs. Non-Leading Ledgers
- Step-by-step configuration of Parallel Ledgers
- Assigning Accounting Principles to different ledgers
- Practical examples of parallel financial reporting
- Integration of Controlling (CO) with multiple ledgers

By the end of this video, you will have a clear understanding of how to set up and configure Parallel Accounting in SAP S/4HANA to ensure accurate and compliant financial reporting across various standards.

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