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Tell me what is meant by group chart of accounts in sap fico?

Ledger Interview Question
Ledger Interview Question

Answer:

in sap fico we have three types of chartof accounts
> group chart of accounts
> country specific chart of accounts
> operative chart of accounts

group chart of accounts

the purpose of GCOA is to consolidate all the company codes balance sheet into one. the main purpose of this one is to external reporting.

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