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Hi VidhyaDhar,
This is business requirement that the depreciation different on group accounting and PRC government requirement. Therefore, we have one country COA for local government requirement and operational COA for group. However, some account entries like depreciation need to be reported in different point of view (like 5 and 7 year asset life).
Any suggestion?
Thanks in advance.
Michael
---------------Original Message---------------
From: VidhyaDhar
Sent: Thursday, May 27, 2010 5:56 AM
Subject: FI posting in country chart of account
> Hi Michael
>
> I am not clear about your requirement. Usually, operational Chart of
> accounts is a super set and the country chart of account could be the same
> or may serve as a sub set of the operational chart of accounts. In other
> words, you would want all activity captured in your operational chart of
> account but your country might require either the same or much lesser
> information for reporting purposes. I am unable to fathom a reason for your
> wanting to function otherwise wherein you want your country chart of
> accounts to be updated without updation of your operating chart of accounts.
>
>
> You must be aware that an alternative account number is mapped 1:1 against
> the account number of the operational chart of accounts. If country specific
> reporting is not required then you do not use the alternative account number
> but use the operating chart of accounts account number for normal reporting.
>
> May I know the reason(s) which compel you to do the opposite of the
> prescribed norms?
>
> Regards
>
> VidhyaDhar
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