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Continued from Part I
We will continue our discussion on the Company Code Global Parameters here we will look into fields under processing parameters...........
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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. 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. 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). 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 to December April to March July to June 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. |
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