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Need a workaround for linking a tax book to a Secondary Ledger, where the Chart of Accounts (COA) an

edited Sep 17, 2010 10:15AM in Fixed Assets - EBS (MOSC) 4 commentsAnswered
 My client is a US-based, global corporation.  For countries that it operates in (and we are implementing Oracle Financials) that mandate a local Chart of Accounts, such as France or Belgium, the enterprise structure chosen was to make the Primary ledger in the local GAAP with local currenty and COA, and have the secondary ledger in US GAAP, with the global COA and USD currency.

In order to accomodate this from FA, we were planning on having the corp asset book also be the local GAAP book and create a tax book for the US GAAP, and have that tax book create accounting directly to the secondary (US GAAP) ledger.  However, it is a known limitation of Oracle that "if the Tax book is being linked to a Secondary Ledger, the Chart of Accounts (COA) and Currency must be the same as the Primary Ledger which is linked to the Corporate Book" (doc. ID

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