Typically, an accounting representation refers to all journal entries that are stored in a ledger. A ledger's subledger accounting method, accounting currency, calendar, and chart of accounts determine the nature of the accounting representation.
For example, the French Fiscal accounting representation refers to all journal entries stored in one of the ledgers created for the firm's French subsidiary. The French Fiscal accounting representation is generated using the French Fiscal subledger accounting method, Euro accounting currency, the French fiscal calendar, and French Fiscal chart of accounts.
The same firm can have a corporate accounting representation that refers to all journal entries stored in a separate corporate ledger. The corporate accounting representation is generated using the standard accrual subledger accounting method, U.S. dollar accounting currency, the corporate fiscal calendar, and a corporate chart of accounts.
Using the Accounting Methods Builder (AMB), you can create accounting representations for multiple ledgers.
Note: Using the AMB, you can create and modify subledger application accounting definitions. Group these definitions into subledger accounting methods and assign them collectively to a ledger.