What is a Company Code and what are the basic organizationalassignments to a company code?
Company Code is a legal entity for which financial statements like Profitand Loss and Balance Sheets are generated. Plants are assigned to thecompany code, Purchasing organization is assigned to the company code,and Sales organization is assigned to the company code.
What is the relation between a Controlling Area and a Companycode?
A Controlling area can have the following 2 type of relationship with aCompany codea. Single Company code relationb. Cross Company code relation This means that one single controlling area can be assigned to severaldifferent company codes. Controlling can have a one is to onerelationship or a one is to many relationship with different companycodes.Controlling Area is the umbrella under which all controlling activities of Cost Center Accounting, Product Costing, Profit Center and ProfitabilityAnalysis are stored.In a similar way Company Codes is the umbrella for Finance activities.
How many Chart of Accounts can a Company code have?
A single Company code can have only one Chart of Account assigned toit. The Chart of Accounts is nothing but the list of General LedgerAccounts.
What are the options in SAP when it comes to Fiscal years?
Fiscal year is nothing but the way financial data is stored in the system.SAP provides you with the combination of 12 normal periods and also