Multiple choice technology packaged enterprise solutions

Leading Ledger is used in Kraft APAC for which GAAP?

  1. IFRS

  2. US GAAP

  3. Local GAAP

  4. None of above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

As a US-based multinational company, Kraft Heinz uses US GAAP for consolidation and group reporting. Consequently, the Leading Ledger (0L) in SAP is configured under US GAAP to maintain corporate compliance, while local GAAP configurations are managed in non-leading parallel ledgers for country-specific statutory requirements.

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