New General Ledger Accounting A typical period-end closing for allocations may involve the following steps - Allocation

n sequence: Allocation of the cost centers (as before) in CO End-of-period tasks in FI (=> foreign currency valuation) Allocation of the profit centers (or segments) in FI How are the allocations of the different components integrated with FI when new General LedgerAccounting is active? Actual allocations in CO-OM: Changes are also updated in the new G/L if realtimeintegration is active CO -> FI. Actual allocations of classic profit center accounting: No update into FI - a pure EC-PCA document is created. Actual allocations in the new general ledger: No integration into other components - a pureFI document is created. When you use the ledger approach in the new general ledger, the valuation variances are not shownin different accounts but rather by using different ledgers on the same account. The object used to address accounts for specific ledgers is the ledger group, as it is known. Mosttransactions are posted to all ledgers. No ledger group is specified for these documents (e.g. invoices, payments, and soon). If, however, there are valuation variances, either the closingprograms (e.g. depreciation posting run, foreign currency valuation) provide the appropriate ledgergroup by making an assignment in Customizing, or separate transactions are used to supply theledger group manually. In these cases, the value is only posted to the ledgers in that group. It is a 1:n relationship, meaning that a ledger group can either have one ledger or several.