Financial Accounting Global Settings

Field Status Variant and field status groups are important controlling feature of SAP ERP. With the help of them we are able to control the fields which will be required, optional or suppressed during the transaction entry. They are assigned to the GL Accounts and are applicable for all transactions in the SAP ERP. Transaction: OBC4 IMG Path: Financial Accounting (New) -> Financial Accounting Global Settings (New) -> Ledgers -> Fields -> Define Field Status Variants Table: T004V, T004W, T004F, T004G   When you first enter into the transaction, click on the button for new …

With this transaction you are able to see all objects related to Financial Accounting which are assigned to particular Company Code. It will give you nice overview of the what you did so far. Transaction: OBY6 IMG Path: Financial Accounting (New) -> Financial Accounting Global Settings (New) ->Global Parameters for Company Code -> Enter Global Parameters Table: T001, T004, T009, T004T, T009T, T880, T014, T014T   When you enter into the transaction, find you company code and double click on it.   From here you are able to maintain different parameters which have direct relationship …

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 …

  Here we are going to assign posting period variant that we defined in our previous step. As I mentioned earlier we could assign one posting period variant to one or several company codes. From my experience it is better to go for one by one relation.   Transaction: OBBP IMG Path: Financial Accounting (New) -> Financial Accounting Basic Settings (New) -> Ledgers -> Fiscal Year and Posting Periods -> Posting Periods -> Assign Variants to Company Code  Table: T001   After we open the transaction we should find our company code and fill the field for posting period variant. In my case …

After we have already defined fiscal year variant and assign it to our company code, it is time to define Posting period variant. Posting period variant is used to control which accounting period is open for posting. This is an important control tool for every organization which has monthly closing. Usually every posting period is assigned to one company code, but you could assign one posting variant to many company codes. In this way you will control all the entities in once which has pros and cons. Despite the strict dates you agree with other departments …