Answer / s reddy

Country Chart of Account is assigned to Company code along
with Operational Chart of account with t-Code OB62
where as Group chart of account is assigned to Operational
chart of account with t- code OB13.Group Chart of account
is used for consolidation of results.

Answer / naveen kumar

chart of accounts are list of all general ledger account it
may be assigned one company code are many company codes
there are three types of chart of accounts are there
as follows
1.country chart of account is alternative chart of accounts
it is used to meet statutory and legal requirements this
chart of accounts are optional
2.group chart of account it is a corporate chart of
accounts it consolidates company codes .it is optional chart
of account
3.operative chart of account we will post day to day
transactions. it is mandatory to assign company code

scenario 1 : if the are three chart of accounts are same
then we create single chart of account in t.code ob13 and
we create all general ledger account in operative chart of
account fs00.

scenario 2 : if three chart of accounts are different then
we create three chart of accounts separately and also we
create general ledger account separately
first we create group chart of account ob13 and save it then
after we assign group chart account number in both company
chart of account and operative chart of account.
Second for general ledger accounts company and group chart
of accounts we use t.code fsp0
For operative general ledger of account we use t.code fs00
we assign company code general ledger account number in
operative chart of account as alternative account number

Answer / nani

Assign Group Chart of Accounts in OB13 and Country Chart of Account in OB62.

If not correct me

Hallo Frend i m faced 6 to 7 interview and my frend also and we collect this question & required ur different type explanation & answer plz reply. 1. why do we request parallel currency? 2. do we give currency to chart of accounts ? 3.if fiscal years are different for 2 different company codes with usd and inr currencies respectively. how do you generate combined reports in usd currency? 4. is it possible to have different currencies for gl accounts under one chart of accounts ? if yes what is the significance? 5. how the opening & closing of periods is done for fi ? 6. what is the relation between fi & co and ho the accounting flow takes place? 7. explain 2 business scenarios which do you feel have considerable significance and what kind of solutions did you offer while working on the projects? 8. what is the need for balance interest calculation maintenance of setting in case a financial decides on interest rates and loan repayment due dates etc all other issues and we only need to pay the interest amount ? 9. how many currencies can be given to a gl account ? 10.why do we give different posting key for different transactions ?

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