How can you set this up in the system?

You run foreign currency valuation for both local and international GAAP. This leads to different values for the two different accounting principles.

How can you set this up in the system?
A . Define two valuation methods and assign the accounting principles to the new valuation methods
B. Define a valuation area and an accounting principle with relevant links to ledgers.
C. Define two valuation areas and two accounting principles with relevant links to ledgers.
D. Define a valuation area and ledger group for two ledgers to link with the new valuation area

View Answer

Answer: C