Controlling area set up for company codes with different fiscal year varian
One global company with multiple company codes want to view management reports in one controlling area and have the capability to allocate cost across cost centers that are assigned to different company codes. However the company codes can have different fiscal years, some are on "July to June" (US and group reporting), and some are on calendar year basis (some overseas entities).
1. If we desided to set up all company codes and the controlling area with "July to June" fiscal year, so that all company codes can be assigned to the same controlling area. How to meet legal/statutory reporting (calendar year) requirements for those overseas subsidiaries? We are on ECC 6.0 with New GL.
2. Any limitations, pros and cons.