Version 2008 - ABAS Software AG

Several sets of books
Up to five sets of books can be configured in order to carry out the
reporting according to different financial reporting requirements within
one abas ERP client. You can independently make entries to them and
evaluate them. Entries that are valid in several sets of books only have to
be entered once by assigning
them to several sets of books.
With the introduction of the mandatory accounting for capital market
corporate groups according to IFRS/IAS on January 1 st , 2005, and its
indirect effects on all subsidiaries of the corporate group, companies now
have to create their reporting according to two different financial
reporting regulations. Firstly, according to national law for the tax
authorities and secondly, according to IFRS, for the capital market
consolidation parent so that the parent is able to create the required
reporting.
3.12.3. Financial entries
Due to the integration into the abas system, most of the financial entries
are generated automatically, e.g. purchasing and sales entries, payment
entries, fixed asset entries, material entries. The manual creation of
entries is both supported by the automatic default setting of data and
copy functions and cancel functions.
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2008
2008