Category Archives: FI Enterprise Structure

Creating new Company Code by Copying
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Creating new Company Code by Copying

Creating new Company Code by Copying Company Code is the basic Enterprise Structure required for Financials Module in SAP. Company Code acts as a legal entity which is required for Statutory Reporting. In this post we will try to see how we can create a new company code by copying an existing company code. Implementation […]

Company Code
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Company Code

Definition The company code is an organizational unit used in accounting. It is used to structure the business organization from a financial accounting perspective. The company code represents a legal entity for financial reporting purposes. This means that in all the financial transactions and master data definitions the company code must be identified. Importance Company […]

Fiscal Year Variant
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Fiscal Year Variant

Accounting all over the world are done and reported for a specific period. This period of accounting and reporting financial statements is known as Financial Year or Fiscal Year. The fiscal year may differ from country to country as per the prevailing rules and regulations. Given below is the list of some fiscal years: January […]

Business area
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Business area

Definition An organizational unit of financial accounting that represents a separate area of operations or responsibilities within an organization and to which value changes recorded in Financial Accounting can be allocated. Business areas are primarily used to facilitate external Segment reporting across company codes, covering the company’s main areas of operation (branches). In SAP new […]

Credit Control Area
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Credit Control Area

Definition Credit control area is an organizational unit that represents the area where customer credit is awarded and monitored. A credit control area contains credit control information for each customer and provides credit management at this level. This area awards and monitors credit to customers. Usage  The credit control area is used for credit management […]

Company Code Global Parameters (Part – II)
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Company Code Global Parameters (Part – II)

Continued from Part I We will continue our discussion on the Company Code Global Parameters here we will look into fields under processing parameters……….. Pstng period variant  Enter the Posting Period Variant relevant for the Company Code. Please refer Posting Period Variant for further information. Max. exchange rate deviation  Enter the maximum exchange rate deviation in percentage<span “font-size:=”” […]

Company Code Global Parameters (Part – I)
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Company Code Global Parameters (Part – I)

<span “font-size:=”” 13.5pt;color:black;mso-ansi-language:en-us”=””>Transaction Code: OBY6 Use  The Company Code Global Parameters is a screen where many configurations/assignments related to company code can be done in one place. This also works as an overview of SAP’s important global specifications and helps you analyse the same. Implementation Consideration  The screen is divided into two parts viz. Accounting Organization […]