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Management of multiple entities / alternative CoA in Advanced Foreign Currency Valuation

romain0511
Discoverer
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Hello,

In my current S/4 Public Cloud project, we have 13 company codes operating in 13 different countries (13 alternative CoA). In order to support Advanced Foreign Currency Valuation routine (Advanced Valuation activated for all countries in scope), we have designed and implemented FSVs relying on YCOA, one by company code.

Those FSVs are now assigned to respective accounting principles and leveraged for closing routines execution.

Now we are adding new entities in scope with further deployment and we have, for some countries, 2 company codes with different alternative chart of accounts sharing same accounting principle.

Example:

Accounting Principle: PHAP

Company Code: PH01, PHG1

Alternative CoA: ZCPH, ZCPA

How should we actually manage different requirements for FX Revaluation or B/S Reclassification for those two entities, knowing that advanced valuation routines rely on mapping between accounting principle and fsv? Does it mean that FSV supporting Advanced Valuation should be defined using alternative chart of accounts rather than YCOA?

Thank you,

Romain

OwenLiu
Product and Topic Expert
Product and Topic Expert
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Checking internally.

Accepted Solutions (0)

Answers (1)

Answers (1)

Cora_Phelan
Product and Topic Expert
Product and Topic Expert
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Advanced valuation is only picking assignment relevant with operative chart of account - YCOA. Alternative chart of account is not considered in advanced valuation.

romain0511
Discoverer
0 Kudos

Thank you for your feedback.

However, in this case, what do I do if I have two entities with two different chart of accounts in the same country?