Dear Mr. nagraj,

Thanks for your help but above thread doens't suffice my requirement as no useful information is available. I have gone through one more thread

http://help.sap.com/saphelp_sbo882/helpdata/en/c9/61cd47570d45b49f373fb0dc39cac1/content.htm

But i am facing problem; How this works.

Document says, SAP b1

Support for IFRS in SAP Business One

But how to do setup ? This is similar to parellal ledgers