Chart of Accounts Handling - Implementation Question

Hello All,

Here are some of the questions which are generally asked by an SAP FI consultant to an account manager involved in SAP Implementation.

1: Please provide your current Chart of Accounts.
   
   
2: Describe how the account number is built and define the various fields it contains.
   
   
3: Define if this current COA is sufficient for future needs, and if it reflects the Corporate view of a COA.
   
   
4: Please provide an Organization Chart of your enterprise.
   
   
5: How many periods do you define in a fiscal year? Can you provide a schedule of period closing for the past, current and next year?
   
   
6: Do your general ledger accounts fall into discrete number ranges (for example, cash accounts are 1000 - 1999)?
   
   
7: Can you define groups of general ledger accounts that require similar information on the master record?
   
   
8: Will creation and maintenance of the general ledger accounts be done at the corporate level or at the local/company code level?
   
   
9: Do you currently use templates or prototypes to create general ledger accounts?
   
   
10: How many retained earnings accounts do you maintain per company code?
   
   
11: How many reconciliation (control) accounts do you need for each sub-ledger (A/R, A/P, Assets)?    An example would be for Accounts Payable, you may wish to have two reconciliation accounts, one for domestic payable and one for foreign payable.
   
   
12: Do you wish to retain line item detail for every general ledger account?  If not, what are the exceptions?  Which accounts do you wish to have open item managed (for example: Bank accounts)?

The list of question are infinite but I suggest you to prepare answers for the same and I will upload the answers of mine later.