I have one scenario hoping to get some guidance from you.
I have a group of companies where the HQ is in Dubai where they follow IFRS and one of its branchs is in Spain which they have their own local GAAP, the challenging difference is that they are Spain government is forcing companies to abide to a given COA. How can make the two COAs live together as the HQ still wants to see the Spain company TB and consolidate in IFRS only. I thought of making two legal entites in AX where the first has their local Gaap COA etc, then for each month they take its TB and book it the the second company that uses the HQ COA using a COA mapping between the two, then book all the needed adjustments in another layer so it can be easy to reconcile.
Please let me know your thoughts and I would really appreciate your suggestions.