The following table gives the business requirements at the backend which prompts the finance department of the comapny to go for NEW GL implementation.
|New GL Functionality
|Reporting as per different GAAP
|Concept of multile ledgers- leading and non leading ledgers
|Unified Mangement & legal reporting
|Profit Centre integrated with the New ledger
|Requirement of segmental reporting(in line with US GAAP)
|Segment can be defined as an enterprise element
|Financial statement below company code level
|Document spilt functionality
|Reporting as per cost of sales accounting
|Functional area included
Each one of these functionality is unique and elaborate and has the features ingrained to meet the different requirements emerging for the external reporting purpose.