A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to fulfill this reporting requirement? (Choose two.)
A
Reporting currency with the local accounting convention
B
Reporting currency with the IFRS accounting convention
C
Secondary ledger with the IFRS accounting convention
D
Primary ledger with the IFRS accounting convention
E
Primary ledger with the local accounting convention
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