Best Practices for "Global Chart of Accounts"

Summary

Best Practices for "Global Chart of Accounts"

Content

Hello

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

Primary Ledger

-Global Char of Account---Only USA GAAP Accounts 

-Currency MXP-Pesos

-7 Segments

Secondary Ledger

-Global Chart of Accounts---USA GAAP and 1 additional segment to store Local Values for IFRS

-Currency MXP-Pesos

-8 Segments  ---1 Additional segment to store Local GAAP values.

Will you please let me know your comments about it