Is SAP using any non-SAP solutions to process accounting data?
A. No. All accounting is done in the system. We are just currently implementing a tool for creating year-end questionnaires to collect the data for the annual reporting package. Q. How did SAP deal with their parallel reporting year for financial reporting purposes? Did you use additional GL accounts? Excel working paper entries? A. No, we did not use Excel. We used an account-based approach and added IFRS accounts to our general chart of accounts, and had one financial statement version for US GAAP (excluding IFRS accounts) and one version including IFRS accounts. The IFRS accounts also represent the reconciling items between US GAAP and IFRS and allow for easy reconciliation and explanation on a topic by topic basis. Q. Do all your subsidiaries use the same fiscal year variant? Are all closing on the same date 31/12 (December 31st)? A. Almost all have 31/12 (December 31st), except for SAP India. You can solve that problem in the system but for group purposes their fiscal year is 31/1
