General Ledger - what is meant by group chart of accounts in sap fico

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what is meant by group chart of accounts in sap fico

Total Answers and Comments: 4

Last Update: July 05, 2007 Asked by: shashikumar

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December 10, 2006 05:02:08

chowdary.thakkella

RE: what is meant by group chart of accounts in sap fi...

Chart of a/c are creation of account for groups. In accounts groups you can post the all G/L accounts.

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January 26, 2007 00:32:10

SATYA VENKATA GOPALA KRISHNA, DURBHA

RE: what is meant by group chart of accounts in sap fi...

The group chart of accounts contains the GL accounts that are used by the Corporate group. This allows the company to provide reports for the entire corporate group. However the assignment of group chart of accounts to company code is optional.

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February 20, 2007 01:49:11

santosh

RE: what is meant by group chart of accounts in sap fi...

in sap fico we have three types of chartof accounts
> group chart of accounts
> country specific chart of accounts
> operative chart of accounts

group chart of accounts

the purpose of GCOA is to consolidate all the company codes balance sheet into one. the main purpose of this one is to external reporting.

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July 05, 2007 03:59:17

keshav311

Member Since: March 2006 Contribution: 4

RE: what is meant by group chart of accounts in sap fi...

group coa isa corporate level gls
basically used at consolidation level these coa will be viewed by the directors of the corporate comapny with diffrent gl numbers
otherthan operative coa and country spcific coa these gl nos should not be over laped

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