We'd love to hear from you! Provide  feedback  to earn a badge today. Take our quick survey
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Best Practices for "Global Chart of Accounts"

Accepted answer
49
Views
2
Comments
edited May 4, 2021 12:56AM in General Ledger & Intercompany 2 comments

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

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!