Assumptions

You must consider the following assumptions when setting up the chart of accounts:

• The chart of accounts must comply with the SNC accounting standards.

• All accounts from 1% to 8% are considered as belonging to SNC, and all other accounts are considered analytical accounts.

• 1st degree General Ledger accounts are represented by two digits. You can exclude single-digit General Ledger parent accounts.

• 1st degree analytical accounts are considered the top-level account.

• Hierarchies are defined for all accounts.

• For every account that has more than one parent account, a DFF is populated with the parent account chosen to be reported in SAFT.