Chart of Accounts (Parallel?) to fir both US and French GAAP?

(0) Share

Report

Posted on by Community Member

HI,

We have new French entities on AX, we have used our existing Chart of Accounts US GAAP. We now need to look at requirements for the French GAAP. Does anyone have suggestions on have to this on AX or have a similar setup already in place? Is it posting layers, use an alias?

Thanks

Tara

*This post is locked for comments

I have the same question (0)

All responses (1)

Answers (0)

Suggested answer

Ludwig Reinhard Microsoft Employee on at

Like (0)

Report

Hi Tara,

I saw many companies setting up their French COA as a separate financial dimension that is linked (fixed) to the US GAAP COA respectively ledger accounts. Please note that this requires a 1:1 relationship between the US GAAP and French ledger accounts.

An alternative is using a separate French COA for your companies in France and do the mapping later on e.g. in Management Reporter. (See e.g. dynamicsax-fico.com/.../management-reporter-reports-based-on-different-chart-of-accounts)

Hope it helps,

Ludwig

Was this reply helpful? Yes No