Organisation Hireachy

Hi,
  In the Company which iam implementing has got 3 different legal entities under it.
  For each of the Legal Entites we have got 2-3 plants functioning under it.
I have planned to make the plants as the Profit Centres and Legal Entites as Company Codes.
But the Company needs a consolidation of all the 3 company codes it is only for MIS Reporting and it is not a legal consolidation.
Options Thought:-
1, Create Common Chart of Accounts for all the Company Codes and execute the Financial Statements by specifiying the chart of Accounts in F.01 to have an Consolidated of all the Companys. I cannot use Group Chart of Accounts as it is not a Legal Consolidation.
2. Create Segment treating it as an Group and assign all the Profit Centres under different Comapny Codes and extract Segment (Group) Wise Finacial Reports through F.01.
Kindly let me the Pros & Corns involved if I use 2nd Option as we have got Cross Comapny Code Transactions also involved as per my understanding Segment is a Client Level Hireachy and may not cause any hindrance while entering cross company code transactions.
Reason for Opting 2nd option is we have got other company codes which will be implemented in near future and even though those Comapnys use a different Chart of Accounts other than what iam using in the current phase I can still have an Consolidated Financial Statements through Segment Reporting and i can also use Segment wise Payables/Receivables Reports effectively.
As Iam using Profit Centre Accounting i cn have plant wise P&L and B/S through document splitting in 6.0 and company code wise statements are also possible.
In our business process there is no other way in which i can use Segment apart from using it as a Group.
Assumptions:-  Same Controlling Area will be used for all the Comapny Codes for the present and future company codes.
Kindly let me know if iam going in the right direction any suggestions on this would be really helpful in finalising my Arc Structure.
Regards
Sunil

Hi Ram,
  Even though iam using the same controlling area for all the companys i may not be able to extract finacial statements at a Group Level.
MIS Reports here state that the Company should be able to extract information whenever needed as how the business is running at a Group Level in short Group wise Balance Sheet & P&L are required but this is not for legal compliance but it is only for internal purpose.
I hope it is clear.
Regards
Sunil

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