Hi i m dhimant,
I am new to cognos, i want to know how to configure controller to handle reporting as per multiple GAAPs (One company prepares accounts as per IFRS, Other as per US GAAP and i want to consolidate as per Indian GAAP). What are the best practices to configure GAAPs Adjustments.
You should use Journal Types in Controller to enable different views of data to be created for reporting purposes. The approach would be to combine the REPO version with other Journal Types to form Closing Versions e.g. IFRS and USGAAP.
Refer Maintain > Configuration > Define > Closing Versions/Journal Types.