Accounting Schemas

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Introduction[edit]

  • Adempiere uses accounting Schemas to provide different sets of books according to a specific st of accounting rules.
  • For example:-
    • you may have an accounting schema for your German accounting requirements;
    • You may have another accounting schema for you group financial reporting (i.e. IFRS);
    • You may have another schema if you have a secondary group financial reporting requirement (i.e. US GAAP) if you are listed on more than one stock exchange;
    • You may have a group management reporting schema (with a yearly exchange rate to remove the currency fluctuation from your group management accounts);
  • This page looks at how you can use accounting schemas and what are the implications.