Multi gaap issues in HFM.
Say there are 2500 accounts in HFM COA.To avoid creation of more accounts (which may increase the HFM
app complexity manifold when alternate account hierarchies (shared member hierarchy for IFRS and US GAAP apart
from existing LOCAL GAAP) will be created.
So to avoid multi gaap complexity, single account were created instead of creating 2 account(1 for closing balance and
and 2nd for tracking movements across custom1 dimension) for each account in COA.
Is this approach fine and workable when we start creating alternate hierarchy for other GAAPs.
Can it create issues when we move forward with design.
We already need to create lot many new accounts(non- shared) in IFRS and US GAAP hierarchy(shared memberhierarchies)
to match financials.
As per current design, 1 BS account is valid for all custom1 movements as well as for none member.
One major disadvantage i can see is when TB is re- loaded second time via FDM all movement data gets deleted which is not good.
Generally what is the acceptable approach 1 account or 2 account for each account in COA?Please suggest.
Edited by: hyp big bee on May 17, 2013 1:21 AM