Assign Chart of account to Controlling area

Hi,
Why we assign Chart of account to Controlling area ?
Regards,
Pankaj

Hi,
First of all I would like to tell you that we don't assign Chart of Accounts to a Controlling Area. It is the Company Codes that are assigned to the Controlling Area.
Now, the basic purpose of defining a Controlling area is that we want to capture cost and revenues for Internal Management Reporting. So this is where the Internal Accounting comes into play where we want to know about the internal reports pertaining to product cost, cost center reports, profit center reports, margins, contributions etc. All these helps us to analyses  the "Bottom Line"- Profit.
But the question that arises is how the expenses that are arising at the Financial accounting level be moved to the controlling area level? For this we assign company codes to a controlling area, but they should have the same chart of accounts and same fiscal year variants. Now the chart of accounts are nothing but a classification of structure and basic information about the G/L accounts. The  expenses that the company is incurring for its smooth operations are captured in the G/L accounts. The G/L accounts are defined under some specific Accounts group e.g.. Administrative Expenses, Depreciations, Secured Loans, Sundry Creditors etc. The frame work of these account groups is contained at the Chart of Accounts level.
So how should we make these values flow from FI to CO? The answer is that we will create these G/L accounts as Primary cost elements in Controlling. This ensures that expenses in Fi and the Primary Cost Elements in Co can be reconciled. So now there is a link that is been provided between FI and CO. This enables us to get both Eternal and Internal reports. Now, when we are assigning more than One company codes to one controlling area, then we should also have the same chart of accounts and G/L accounts so that we are able to draw reports easily without any discrepancies in the G/L accounts. For Company codes having different chart of acounts, we need to assign them to different controlling areas.
So in brief this is the role of Chart of Accounts in Controlling. I hope that you would be satisfied with the answer.
Regards,
Dhruv.

Similar Messages

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    Hi,
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