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Former Member

company codes - chart of depreciation

hi,

if u have 3 different company codes in different countries.( different currency) . one company code is in india with currency inr. here only one chart of depreciation assaigned to 3 company codes. how is possable to get depreciation in difference currencies.

thanks

raj

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2 Answers

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    Former Member
    Sep 02, 2008 at 08:06 AM

    Raj,

    Normal you set up a chart of depreciation by country for the reason that there are different rule by country (TAX reason).

    In a chart of depreciation you can have more the 1 depreciation area. The area 1 is in the most cases in local currency and based on tax books.

    You then can set-up statistical depreciation areas when you want the see the values in other currecies.

    Offen you see an area like 30 in all scart of depreciations and 30 is in your case perhaps in INR. Now youn can get total values for the 3 companies.

    Paul

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    Former Member
    Sep 02, 2008 at 01:13 PM

    A chart of account is the place where u r going to arrange your general ledgers in accordance with some specifications like account group & numbering

    The single chart of accounts can be used by different company codes provided they use similar GL

    The chart of accounts are of three type

    1. Operating - used in both financial accounting and cost accounting ( mandatory )

    2.Country Specific - structured in accordance with legal requirements of the country

    3.Group Chart Of Accounts - structured in accordance with requirements pertaining to Consolidation

    It is mandatory that at least one chart of account should be assigned to a company code

    regards,

    ram

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