Consolidation COA

Dear Friends:
ABCZ company has three divisions or areas of business. It is into textiles,manufacturing,travels.
As per my opinion, we have to create three company codes. Should we go for single controlling area or multiple? If we are going multiple controlling areas, should we assign each company code to respective controlling area?
for ex: textiles co.code - textiles controlling area
manufacturing Co.code - manufacturing Controlling area
Travels - Travels manufacutring area
At the end of fiscal year, if the company wants a consolidation P/L & B/S for all the three divisions, Should we implement consolidation COA?
For Operating Chart of Accounts & Consolidation COA, should we use one chart of accounts?For Consolidation COA, should we use FS00,to upload all the GL?
Please advise.
Thanks&Regards
MSReddy

Hi,
regarding the consolidation that you mention, you need to know first whether these 3 business unit (textile, manufacturing and travel) will be applied to any other companies within the group.
If yes (and I would think it is), then you should define it as profit centre. Remember that consolidation requires "partner" field in order to perform elimination function (whether it's company trading partner, business area trading partner, or profit centre trading partner). Need you to be aware that company code does not have "company code trading partner".
Understand that you talked about the consolidation of P/L only, I become more confident to say that it is profit centre.
Regarding the GL account, I would suggest to use a different set of GL and group COA where they are a many to one or at least one to one mapping relationship.
regards,

Similar Messages

  • No consolidation document but has financial document

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  • Specific GL accounts from consolidation point of view.

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    Hi
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    Gl number in FS00
    GL Master DATA- FS00
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    Regards
    Praveen P C

  • EC-CS Cons Chart of Accounts & Financial Statment Version

    Hi Experts,
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    Best Regards,
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    Hi Dan,
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    Best Regards,
    gj

  • Consolidation- Group COA / Company

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    Sorry,
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    Hi Adi,
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  • Consolidation question

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  • ICR Process 003 - Running Data Selection for Accounts without a Group CoA

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    I've included a link a screenshot below
    Link:[http://i42.tinypic.com/rh3gp0.jpg]
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    Hi John Scime,
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  • Consolidation or group balance sheet

    Dear All
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    I am assuring full points.
    srinivas

    Dear Alex,
    Thank you very much for your reply
    But f.01 does not suit for consolidation bec'ze
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  • Approaches of creating FS Items in Consolidation

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    B Lim

    Hi
    when i used EC-CS 3 years ago there was following logic:
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    - if you used periodic extract you were able to create the FS items from the Finance FS Version with following path:
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    Hope I am not repeating myself and you expected another awnser
    Cheers
    Tim

  • BPC Consolidation Account Dimension - R_ACCT X C_ACCT X O_ACCT X P_ACCT

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    Helena Coelho wrote:Helena Coelho wrote:Helena Coelho wrote:Helena Coelho wrote:
    GANSHA,
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    Edited by: GANSHA on Jan 11, 2008 8:39 AM

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    Hi Sean,
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