Specific European Local Reporting

Summary:

As a background we operate in 8 different European countries each country has their own local financial reporting standards and returns that need to be completed.  These returns require different accounting standards and structures which depending on the country can differ significantly from our global chart of accounts.

We are keen to complete the activity using Oracle ERP mainly for audit purposes. We are wrestling with how this can be achieved within Oracle in the least disruptive and most straightforward way. I was wondering if any other customers face such challenges? And how you went about resolving them?