Posting Layers:

For FA we use current layer for company's act and tax layer for income tax act since rate of
depreciation varies for both the acts.

Record needs to be duplicated as when calculation income tax for company depreciation as per
income tax is required and based on that data deferred tax liability is calculated.

FA accounting involves certain complex balance sheet requirement so but that transactions are
not required for maintain books.

So, we use tax layer. Even in tax layer transactions, the ledgers get hit and transaction can be
seen like normal transaction. Only difference will be that for tax layer, tax will be checked in
layers section.

Current: use for daily transaction non-FA -> Balance amount is the current layer only

- Operation: use for fixed asset transaction only -> Balance amount is current +
operation

- Tax: use for fixed asset transaction + any adjustment required -> Balance amount is
current + tax

My question is, if I want to use this scheme then how could I get to post fixed asset
acquisition using only operation or tax posting layer.

Because if I use the current posting layer and derived another value model from other
posting layer. The amount for operation and tax posting layer will be double (current +
tax/operation).

While to post fixed asset transaction using standard transaction (vendor invoice, PO, etc).
I must set up the value model which have current posting layer.

GAAP focuses on research and is rule-based, whereas IFRS looks at the overall
patterns and is based on principle.

under GAAP, a company is allowed to use the Last In, First Out (LIFO) method
for inventory estimates. However, under IFRS, the LIFO method for inventory
is not allowed.
The classification of debts under GAAP is split between current liabilities,
where a company expects to settle a debt within 12 months, and noncurrent
liabilities, which are debts that will not be repaid within 12 months. With
IFRS, there is no differentiation made between the classification of liabilities,
as all debts are considered noncurrent on the balance sheet.
Under IFRS, extraordinary or unusual items are included in the income
statement and not segregated. Meanwhile, under GAAP, they are separated
and shown below the net income portion of the income statement.

Under IFRS, extraordinary or unusual items are included in the income

statement and not segregated. Meanwhile, under GAAP, they are separated
and shown below the net income portion of the income statement.

1.Row definitions: consolidation report is mapping the different main

accounts in the row definition of the report. This mapping in done by specifying separate
row links that hold the main account information of both

2.reporting tree: The next step is setting up a reporting tree. When

doing this setup, you have to make sure that a reference is made between the different
companies and the row definition / row links established in the first step.

3. column tree:

4.report options the last step in the report generation is the

combination of all previous elements (row definition, reporting tree and column
definition) into a report. Please note that you need to select the reporting currency check
box before running the report if you want to do a currency conversion once the report
that gets generated.