In this second part, I will show you an alternative approach how different accounting standards can be incorporated in MSDyn365FO.
With the help of corrective fixed asset books the disadvantages identified in the previous webcast can be overcome and allow you an easy and straightforward reporting on different accounting standards, such as IFRS, local GAAP and tax GAAP.
Sample data: SampleDataFA2
Dynamics 365FO/AX Finance & Controlling 
Hi, this approach is very interesting but I can’t make it work because when I ran depreciation through a depreciation proposal it brings empty lines. I’m thinking that this is becuase the layer defined on the FA journal name used for depreciation is current and the fixed asset that I’m trying to depreciate has a derived book in the operations layer. Therefore it should post in both layers but it doesn’t because the journal is supposed to post just in the current layer. Is this correct? How do I overcome this?
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Hi, You need separate journals for each posting layer that you run the depreciation for. Best regards, Ludwig
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There is one more approach I am looking is use multiple books with different layers but do not post Transaction in Other than current layer.
on Book form we can mark “NO” on Post to general ledger, which will not post transaction in GL of other layer.
After that we can run report of “Fixed Asset Book Compare” to identify delta of different transaction type such as “Depreciation” and Pass Correction manual entry using General Journal.
Do you have any suggestion in this process? Should I take care of anything else?
I am planning to Implement this process in one of my client.
Thanks in advance.
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Hi, You can do that but the disadvantage is that you have to create and post the corrections manually. Best regards, Ludwig
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