Hi!
My client has two areas of activity for Example "A" & "B". Now my client wants to see two sprat profit and loss Statements (Income Statements) for these two areas but not balance sheet. plus income statement needs to be in typical International accounting standards. Now what i understood from this is that because we don't need to draw balance sheet for these two areas we don't need document splitting. secondly two sprat Cost Centers needs to be created for these two areas and while posting any transaction we will specify the cos center it belongs to so we could easily develop customized income statements for each area.
Please help me out in this scenario and guide me if i am wrong. How can i develop income statement for two different areas?
Regards,