Best Practices for "Global Chart of Accounts"
SummaryBest Practices for "Global Chart of Accounts"
This is the business requirement : A Company with operations USA, Canada and some LATAM countries i.e. in Mexico, Brazil, Argentina etc whats to have a Global Chart of Accounts across the countries.
They would like to have the following structure on LATAM Countries
-Global Char of Account---Only USA GAAP Accounts
-Global Chart of Accounts---USA GAAP and 1 additional segment to store Local Values for IFRS
-8 Segments ---1 Additional segment to store Local GAAP values.
Will you please let me know your comments about it