Symptom
The system does not allow creating a new custom/own accounting principle for a scenario where multiple entities follow different gaap standards no error message provided.
Environment
SAP S/4HANA Cloud Public Edition
Reproducing the Issue
Attempt to create a new (custom) accounting principle in the system; the option is not available.
Cause
By design, custom accounting principles cannot be created in SAP S/4HANA Cloud Public Edition.
Resolution
- Use standard accounting principles delivered by the system; do not attempt to create custom accounting principles, as this is not supported.
- Configure ledgers and assign the relevant standard accounting principles to ledgers and company codes following the guidance in KBA 0003530183.
- If multiple GAAP reporting is required (e.g., IND AS and IGAAP, etc), evaluate using an extension ledger to capture GAAP-specific adjustments and differences without creating a new accounting principle.
See Also
Keywords
accounting principle, custom accounting principle, create accounting principle, new accounting principle not allowed, multiple gaap, ind as, igaap, extension ledger, ledger assignment, general ledger, fi-gl, public cloud restriction, s/4hana cloud public edition , KBA , FI-GL-GL-2CL , Basic Functions (Public Cloud) , FI-GL-2CL , General Ledger Accounting (Public Cloud) , Problem
SAP Knowledge Base Article - Public