Dear IFS R&D,
we are using General Ledger tabular model and PBI reports on top of that (BS and IS). It works fine for Oriflame Group purposes, however we would like to use it for statutory purposes too.
Since we are using IFS Finance globally, our Oriflame entities (approx. 70 companies) around the globe are using global (Oriflame Group) Chart of Accounts (CoA). The translation to entity local CoA is done via attribute on Code A (COALOC is the code of the attribute).
Then 2 kind of statements (BS, P&L) are usually needed for global business:
- Group/global BS and IS - in our case based on codeA value, which is feasible to do with current tabular model
- Entity local BS and IS - based on Attribute value (COALOC) which is not feasible to reach with the current model.
Therefore we propose to enhance tabular model with a possibility to see the hierarchy of BS and P&L (accounting structure and balances) by Attribute Value. To make this more flexible the code of the attribute used for the translation between global and local CoA could be defined in Data Configurations or Accounting Structure screen.