Explain the difference between Country chart of accounts nd
group chart of accounts
Answer Posted / k. suvarna
Country chart of accounts contain G\L accounts needed to
meet the country's legal requirement. This allows you to
provide statements for the country's legal requirement.
whereas
Group chart of accounts contains the GL accounts that are
used by the corporate group. This allows the company to
provide reports for the entire corporate group. The
assignment of group chart of accounts to company code is
optional
Is This Answer Correct ? | 17 Yes | 2 No |
Post New Answer View All Answers
What role does sap play in the open source scene?
What do you mean by chart of accounts? What is it used for? What are its important elements? How many chart accounts can be assinged to a company?
What are the types of depreciation methods? : fi- asset accounting
What is the basic difference in wip calculation in product cost by order and product cost by period (repetitive manufacturing)?
1.how can we convert VAT Return Filing in SAP? 2.How can we configure Form "C" report in SAP ?
What is the use of special periods?
what is mixed pricing in product cost controlling
Do you require to configure additional ledger for parallel currencies?
what is child order
What is a field status group? : fi- general ledger master data
Differentiate between the parking and the holding of documents? : fi- general ledger
Can we change the Useful life of an Asset? If the depreciation is posted for some years?
How can you create credit control area in sap?
What are the common reasons for errors in accounting and what impact do they actually have on the organization?
What is known as the translation factor?