Profit Center Accounting and New General Ledger in SAP ERP
You want to knowHow the Profit Center Accounting (PCA) is mapped within the new General Ledger (G/L) AccountingTo what extent you can continue to use the classic Profit Center Accounting when you use the new G/L accounting in parallel[@more@]For release SAP ERP, the Profit Center Accounting was integrated into the new G/L accounting. The solution is as follows:SAP delivers the 'Profit Center' and the 'Partner Profit Center' as fixed characteristics that are posted on the original FI postings. Th
Difference between business area and profit center
Difference between business area and profit center[@more@]Retrospect/history:The business area is used in addition to the company code as a further unit for external reporting that has to be done by the company. The area of responsibility of business areas generally stretches over several company codes (lines of business, divisions). For the business area financial statement, all Controlling objects (cost center, orders, sales orders and so on) and Logistics objects (material, fixed assets) are
Advanstages in new general ledger
Advanstages in new general ledger[@more@]1. The new General Ledger in mySAP ERP 2004 has the following advantages over the classic General Ledger in R/3 Enterprise:a) In the new General Ledger, you can display the parallel accounting using parallel accounts (as in R/3) or using parallel ledgers. The FI standard functions and reports are available for all parallel ledgers.b) The 'Segment' entity and the relevant reporting that are required for segment reporting according to IAS and U.S. GAAP are
Chart of accounts
In the FI system, you can use as many charts of accounts as you require within a client. You can thus meet the varying needs of the individual company codes regarding the chart of accounts structure.[@more@]You have to assign a chart of accounts to each company code. This chart of accounts is the operating chart of accounts and is used for the daily postings in this company code.You have the following options when using multiple company codes:You can use the same chart of accounts for all compan