A chart of accounts may be shared by many company codes. Each company code must be assigned a chart of accounts. Once a chart of accounts is assigned to a company code, it becomes the operative chart of accounts for that company code and it is used to capture information for both Financial Accounting (FI) and Cost Accounting (CO). Other possible charts of accounts may be required to capture additional information to support international business accounting purposes including:a. Country-specific charts of accounts - This is structured in accordance with legal requirements of a specific country. b. Group chart of accounts - This is structured in accordance with requirements pertaining to consolidated financial statements.