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  Consolidation Chart of Accounts

Definition

Systematic directory for classifying items.

Use

The use of a consolidation chart of accounts in the data basis is optional. If you do not want to work with the consolidation chart of accounts, you can work with multiple item hierarchies instead.

For the characteristic Consolidation Chart of Accounts to exist in the data basis, the characteristics must be linked to the role Item.

To improve performance, we recommend that you use as small a consolidation chart of accounts as possible. You can keep your consolidation chart of accounts small by creating subassignments to existing items.

Structure

The consolidation chart of accounts is only dependent on the client. However, the items and the breakdown categories are dependent on the consolidation chart of accounts.

There can be one consolidation chart of accounts per consolidation area. You need to define the independent characteristic Consolidation Chart of Accounts uniquely in the consolidation area.

In the consolidation chart of accounts, you arrange the items logically in item hierarchies. For example, you define a consolidation chart of accounts with an item hierarchy for balance sheet items and a hierarchy for income statement items.

Example

Examples of Consolidation Charts of Accounts

Legal Framework

Industry

I/S Procedure

Appropriation of Retained Earnings (ARE)

U.S. GAAP

Industry

CSA

ARE in the balance sheet

EU guidelines

Industry

PA

ARE in the I/S

EU guidelines

Industry

PA

ARE in the balance sheet

EU guidelines

Banking

 

ARE in the I/S

JP GAAP

Industry

CSA

ARE in the balance sheet

 

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