Enter Global Parameters

SAP IMG Path : - SPRO -> SAP Reference IMG (F5) -> SAP Customizing
Implementation Guide -> Financial Accounting -> Financial Accounting Global Settings
-> Company Code -> Enter Global Parameters.
Transaction Code: OBY6

Double click on your company to enter global parameters

Update the following fields.

> Chart of accounts: - chart of accounts is a list of GL accounts master record
that are used by the organisation. A chart of accounts must be assigned to each company
code and it is defined at client level.
> Country charts/Accounts :-Enter country chart of accounts if the company code
that you configured has a special country or statutory chart of accounts.
> Company: - Company is the organisational unit for which individual financial
statements can be drawn according to the relevant commercial law. A company can
comprise of one or more company codes and it has local currencies in which its
transactions are recorded.
> FM Area: - Enter Financial management (FM) area key if you are using funds
management and it is used for function of the treasury module.
> Credit Control Area: Enter your credit control area key for your company code. It
controls the credit limits for your customers.
> Fiscal Year variant: - Fiscal year variant is used to define the fiscal year ,
it contains 12 normal posting periods and 4 special periods. We can define maximum 16
posting periods for each year. Special periods are used for Year end activities.

> Company code is productive:- This settings is applicable for your production
client., it is not possible to delete transaction data from the SAP system after you set
your company code is as productive.
> Vat. Registration no: - Enter vat (value added tax) registration number here.
> Posting period variant: - The Posting Period Variant is used to control which
accounting period is to be open for posting and ensuring that closed periods are remain
balanced and reconciled.
> Propose value data:- Select this indicator to make the current date as default date
by the system. The valued date is used for accounts payable, accounts receivable and
treasury transactions.
> Max. Exchange rate deviation : - Enter maximum exchange rate percentage in
which a foreign currency transactions can deviate from the rates enter in the exchange
rate table.

After updating all the mandatory fields, click on save icon to save the configured data.