The "Parallel Accounting Using G/L Accounts" indicator enables the accounts approach to parallel accounting, primarily used in Asset Accounting. This method allows the system to manage valuations for different accounting principles (e.g., IFRS, Local GAAP) within a single ledger by posting valuation differences to separate G/L accounts. Since the leading ledger (0L) is the primary, integrating ledger for the company code, this configuration effectively allows valuations from two or more accounting principles to be managed within the leading ledger, each posting to its designated set of accounts.

A. Assign 2 or more ledgers to 1 accounting principle

This is conceptually incorrect. The standard design is to assign one accounting principle to one ledger to ensure a complete and separate set of books.

B. Assign 2 or more accounting principles to 1 valuation area

This is incorrect. In Asset Accounting, a depreciation area is assigned to a single accounting principle to represent its specific valuation rules.

C. Assign 2 or more accounting principles to the non-leading ledger

This is incorrect. A non-leading ledger is specifically created to manage the postings for one single, alternative accounting principle, separate from the leading ledger.

1. SAP S/4HANA 2023 Help Portal

"Parallel Accounting": The documentation outlines the two main approaches: the parallel ledger approach and the parallel accounts approach. It states

"In the accounts approach

you post the valuations for the different accounting principles to different G/L accounts within a common ledger." The leading ledger is the common ledger in this context. (Accessed under SAP S/4HANA -> Product Assistance -> English -> Enterprise Business Applications -> Finance -> Accounting and Financial Close -> General Ledger Accounting (FI-GL) -> Parallel Accounting).

2. SAP S/4HANA 2023 Help Portal

"Asset Accounting (FI-AA)" -> "Posting of Valuations": This section details how different depreciation areas

each assigned to an accounting principle

can post to the general ledger. When using the accounts approach

these different areas post to different accounts within the same ledger. (Accessed under SAP S/4HANA -> Product Assistance -> English -> Enterprise Business Applications -> Finance -> Asset Accounting (FI-AA) -> Integration -> Posting of Valuations).

3. SAP Learning Hub

Course S4F02 "Financial Accounting in SAP S/4HANA - Academy Part II": The unit on Parallel Accounting explains that while the parallel ledger approach is recommended

the accounts approach is still supported. It clarifies that the accounts approach uses different G/L accounts within the leading ledger to differentiate valuations for multiple accounting principles. (Refer to Unit 5: Parallel Accounting

Lesson: Implementing Parallel Accounting).