To configure the Financial statements in 2012 , Is it mandatory to use Management reporting tool or shall I use the normal procedure in the General ledger setup ?
Please share .
Can anybody tell me ?
You can do either. MR is an additional tool introduced by MS for Financial statements. MR is advanced to that of standard financial statement.
This information may help you, http://blogs.msdn.com/b/dax/archive/2011/11/30/financial-reporting-for-ms-dynamics-ax2012.aspx