Define four elements of R12 ledger

Define four elements of R12 ledger

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Define the four elements of the R12 ledger:

Accounting account flexible Domain structure (COA), currency (Currency), Calendar (Clander), Accounting methods or Accounting practices

The combination of account flexible domain structure (COA), currency (Currency) and calendar (Clander) constitutes the so-called "SOB" of EBS R11 and the previous system. In R12, add another dimension "accounting methods or accounting practices", that is, the so-called "ledger". The so-called "accounting methods or practices", for example, for different countries or regions, different enterprises, accounting regulations may stipulate that the unit price of goods is 5000 yuan as a criterion for the treatment of "fixed assets" or "period expenses". It may also stipulate that this criterion is 10, 000 yuan. If the standards are different, the accounting subjects for bookkeeping will be different, and the operating results reported by enterprises will be different.