Accounts under LegalApp vs Finance Application
I am new to SAP BPC and it might be redundant to ask the difference between Legal App and Finance application.
Please verify the following. According to my understanding, the finance application gives you the ability to do currency translations and intercompany eliminations if you are a single entity and have no subsidiaries.
The Legal application gives you the ability to have complex consolidation rules (with ownership and subsidiaries) along with built-in business rules for currency translation and inter company elimination.
If these definitions are right. how should the accounts be strucutred. Should we use the same accounts for managment vs legal consolidation. Or do we have seperate accounts?
Yes. You would need these dimensions in legal consolidation. You need to have right set fo rpoerties on these dimensions to perform legal consolidation.