Understanding the FEC for France

Effective January 1, 2014, the French Ministry of Finance DVNI (Direction des Vérifications Nationales et Internationales) has introduced rules that require all companies subject to tax in France and under audit by the French tax authorities to produce audit documentation in a prescribed electronic format. This is the statutory requirement that complements the printed mandatory journals required by law. The law requires you to generate the new audit file FEC that contains all accounting entries in a sequential order in accordance with the Generally Accepted Accounting Principles (GAAP) of France.

The FEC should include all posted accounting entries displayed in chronological and sequential order by validation date without any gaps. You can generate the audit file for a fiscal year. If the volume of entries is too high, you can generate the file by period. The Oracle JD Edwards EnterpriseOne software supports the audit file in the flat file (CSV) format.