Microsoft Dynamics AX 2012 R3 introduced a new concept called shared financial data, which reduces the effort and time of deployment in a multiple-company environment and operational maintenance as well. A group of companies can share the same chart of accounts, currencies, and dimensions; this decreases the operation time. For example, a new main account will be available to all companies. The following figure explains the concept of shared financial data in detail:
The financial data that will be shared between companies is as follows:
Account structure: This contains the applicable dimensions of the main accounts
Fiscal year: This contains the start date and end date of the fiscal year and the period's management
Currencies: This represents the default currency and reporting currency
Exchange rate type: This sets the monthly exchange rate for foreign currencies and the default budget exchange rate
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