Company Code
In
terms of International Accounting Standards (IAS), the legal or independent
accounting unit is the central concept of financial accounting. One of the
basic requirements of an independent accounting unit is the publication of a
balance sheet and a profit and loss statement. In the SAP system, the company
code represents the independent accounting unit. It is the central
organizational entity that integrates accounting data from many different
company areas.
terms of International Accounting Standards (IAS), the legal or independent
accounting unit is the central concept of financial accounting. One of the
basic requirements of an independent accounting unit is the publication of a
balance sheet and a profit and loss statement. In the SAP system, the company
code represents the independent accounting unit. It is the central
organizational entity that integrates accounting data from many different
company areas.
Business Area
Apart
from the company code, organizational units, which represent a specific
business segment or responsibility centre, can also be created to assign value
transactions entered in financial accounting. The business area can contain any
type of entity (division, profit centre, plant, office). In a document, the
business area is included for each line item to allow classification of
postings in the general ledger, which enables generating a number of views of
data that is entered in different company codes. All major items, such as the
complete profit and loss statement, fixed assets, receivables and payables, and
goods in stock are available for evaluations under the business area.
from the company code, organizational units, which represent a specific
business segment or responsibility centre, can also be created to assign value
transactions entered in financial accounting. The business area can contain any
type of entity (division, profit centre, plant, office). In a document, the
business area is included for each line item to allow classification of
postings in the general ledger, which enables generating a number of views of
data that is entered in different company codes. All major items, such as the
complete profit and loss statement, fixed assets, receivables and payables, and
goods in stock are available for evaluations under the business area.
Document
R/3
FI is based on strict adherence to the document principle. Each business
transaction is filed in the system as a transaction-related posting document.
The document is a separate and coherent unit containing information that
results in balances and line items. A uniform document creation system, clear
posting rules, and strict document verification for form and content ensure
that only correct and complete posting documents enters the system. As a
result, all account balances and summary data in the FI component can be traced
back to correctly posted single documents.
FI is based on strict adherence to the document principle. Each business
transaction is filed in the system as a transaction-related posting document.
The document is a separate and coherent unit containing information that
results in balances and line items. A uniform document creation system, clear
posting rules, and strict document verification for form and content ensure
that only correct and complete posting documents enters the system. As a
result, all account balances and summary data in the FI component can be traced
back to correctly posted single documents.
Chart of Accounts
The
FI component offers a flexible method for setting up a general ledger to meet
various goals concerning legal issues, value flow, and classification of
postings. The chart of accounts is a classification system defined by
accounting to record values or value flows.
FI component offers a flexible method for setting up a general ledger to meet
various goals concerning legal issues, value flow, and classification of
postings. The chart of accounts is a classification system defined by
accounting to record values or value flows.
G/L Accounts
Each
account used for posting is defined in the general ledger and contains
information that reflects or describes its function. This information is stored
in the master record of an account. It controls how business transactions are
entered and posted to the account as well as how posting data is processed. G/L
account master data is divided into two areas:
account used for posting is defined in the general ledger and contains
information that reflects or describes its function. This information is stored
in the master record of an account. It controls how business transactions are
entered and posted to the account as well as how posting data is processed. G/L
account master data is divided into two areas:
Chart of accounts area:
This
area contains information that applies to the complete master record (G/L
account number, account name, P&L account, or balance sheet account). In
addition, you use it to store data that controls the creation of a master
record in the company code (account group and screen layout).
area contains information that applies to the complete master record (G/L
account number, account name, P&L account, or balance sheet account). In
addition, you use it to store data that controls the creation of a master
record in the company code (account group and screen layout).
Company code-specific area:
This
area contains data that controls the entry of business transactions for the
related account and account management in the respective company code
(currency; open item management).
area contains data that controls the entry of business transactions for the
related account and account management in the respective company code
(currency; open item management).
Charts of depreciation are used in order to manage various legal
requirements for the depreciation and valuation of assets. These charts of
depreciation are usually country-specific and are defined independently of the
other organizational units. A chart of depreciation, for example, can be used
for all the company codes in a given country
requirements for the depreciation and valuation of assets. These charts of
depreciation are usually country-specific and are defined independently of the
other organizational units. A chart of depreciation, for example, can be used
for all the company codes in a given country
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