Hi Friend,
We cant assign an charts of accounts to a plant.
<b>FYI</b>
<b>Chart of Accounts</b>
An organizational structure, defined using accounting principles, that records values and value flows for orderly account management.
<b>Use</b>
The operational chart of accounts is used by financial accounting and cost accounting. The items in a chart of accounts can be expense or revenue accounts in FI and cost or revenue elements in cost accounting.
<b>Integration</b>
You need to assign each company code to a chart of accounts.
In addition, you may assign each company code to a country-specific chart of accounts. The chart of accounts and country-specific chart of accounts are linked using alternating account numbers.
The accounts from internal and external accounting are managed in an integrated accounting system. Therefore, when creating a controlling area, the charts of accounts used by the corresponding company code must be respected.
The controlling area adopts the chart of accounts belonging to the company code assigned. In cross-company code cost accounting the controlling area and all company codes assigned to it must use the same chart of accounts.
Nevertheless, you can also use a country-specific chart of accounts to apply the country-specific accounting requirements while using consistent cost accounting.
<b>Structure</b>
Charts of accounts can have three different functions in the system:
<b>Operating chart of accounts</b>
The operating chart of accounts contains the G/L accounts that you use for posting in your company code during daily activities. Financial Accounting and Controlling both use this chart of accounts.
You have to assign an operating chart of accounts to a company code.
<b>Group chart of accounts</b>
The group chart of accounts contains the G/L accounts that are used by the entire corporate group. This allows the company to provide reports for the entire corporate group.
The assigning of an corporate group chart of accounts to a company code is optional.
<b>Country-specific chart of accounts</b>
The country-specific chart of accounts contains the G/L accounts needed to meet the country's legal requirements. This allows you to provide statements for the country's legal requirements.
The assigning of an country-specific chart of accounts to a company code is optional.
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