Business Term Status
The Business Term is currently validated by the Data Governance Committee.
Business Term Definition
The statutory general ledger accounts are used to record financial transactions and are aggregated into the local financial statements. These accounts are not reflected in the corporate chart of accounts (IFRS) and thus are not consolidated at group level. They are used exclusively for local/country reporting purposes. |
Roles
Data Sources, Type and Classification
SAP |
Master Data |
Internal Data |
Data Protection and Update Frequency
No special access |
On demand |
Process Flows
Related Business Terms
| Business Term | Description | Link |
|---|---|---|
| Account Type | An account type specifies different area to which a General Ledger belongs. | |
| General Ledger Account (Group Chart of Accounts) | A general ledger account at group chart of accounts is an account in SAP used to record transactions for IFRS purposes. | |
| General Ledger Set of Accounts | A group of IFRS General Ledger accounts clustered into sets for reporting purposes, either Balance Sheet, Income Statement accounts and other type of association of accounts for specific reporting. |