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Tag Archives: Cost of Sales

Define Functional Area | FM_FUNCTION

SAP FICO Configuration - Define Functional Area

After we activated the cost of sales accounting we should now define functional areas that we will assign to accounting and controlling objects in the system. Examples of functional areas are Finance, Manufacturing, R&D, Sales, etc.   Transaction: FM_FUNCTION IMG Path: Enterprise Structure -> Definition -> Financial Accounting -> Define Functional Area Table: TFKB     As at ECC 6.0 EHP6 the transaction is not accessible through the img path. Use directly the transaction instead. When you are in the transaction scree, click on new entries.     Fill the necessary fields and save the entry.

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Activate Cost of Sales Accounting | S_ALR_87009606

SAP FICO Configuration - Activate Cost of Sales Accounting

Before we move to defining Functional Areas, we should first Activate Cost of Sales Accounting. Activation is based on the highest organizational structure in FI – Company Code. When we activate it, we will be able to assign functional areas to different objects like – GL Account, Cost Centers, Cost Elements, Internal Orders, Fixed Assets, etc. With the help of it you are able to create income statements based on the defined functional areas. Transaction: S_ALR_87009606 Financial Accounting (New) -> Financial Accounting Global Settings (New) -> Ledgers -> Ledger -> Activate Cost of Sales Accounting …

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