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What is the purpose to have country CoA, if a company code
already have operational CoA? What are the different type
of legal requirement a company can have? Explain with
examples.
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Answer Posted / maya
Operational chart of account – Day to day activities It is
mandatory.
Country COA – It’s used for legal specific requirement of
each country. It’s additional and optional.
Group COA used for consolidation of Company codes. This is
for group consolidation purpose.
one of the legal reqts. is tax- different systems in
different countries. Even dates for payment of each tax is
different.
Sorry can't give specific examples right now.
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