Creating Steps and Rules for Various Processes to Maintain Separate GAAP Balances

For some processes you must create separate steps for each book code and adjustment type combination or otherwise setup the processes to prevent combining of different GAAP balances. These processes include:

• Revaluation.

• Translation and Translate Within Ledger.

• Interim and Year End Closing.

• Consolidation.

ADB requires that you create separate Average Daily Balance Rules as follows:

• For local regulatory reporting, select book code values of L (Local), B (Both), and blank adjustment type values.

• For corporate (headquarters) reporting, select book code values of C (Corporate), B (Both), and Adjustment types values of blank combined with any adjustment and reversing entries having applicable adjustment codes.

Archiving does not archive ledgers or journals of open periods. Because accounting periods can be open for one ledger code and closed for another when dealing with multiple GAAPs, this requires careful consideration of archiving actions.