Organizational units are used to structure business functions and for reporting. The organizational units of Financial Accounting are used for external reporting purposes, that is, they fulfil requirements that your business is subject to from external parties, for example, legal regulations. The financial statements for example, are created based on the organizational units of Financial Accounting.
Basic settings in Financial Accounting are Customizing settings that you have to make in order to be able to carry out processes in Financial Accounting.
You create your company-specific
organizational structure in the SAP System by defining the organizational
units and making the basic settings. Defining organizational units for
Financial Accounting is obligatory, that is, you have to define these units
in order to be able to implement the Financial Accounting component.
Test Yourself on Organizational units
1. A company has implemented CO and FI. What situations will trigger an FI posting from CO, if New GL is used?
a. Transfer of costs from one functional
area to another.
b. Transfer of costs from cost
centre of one company code to another.
c. Transfer of costs between two
segments of the same company code.
d. Transfer of costs from one controlling
area to another.
When ever you post a document in FI, there is option available, there are cost center, internal order or profit center or WBS element, you fill any one of these cost object while you are posting a document in FI, it will goes to controlling, that is the only solution.
2. A company has cross company code controlling. It acquires a new company that requires reporting according to local legal regulations. What the company do?
a. Create a country chart of account
and assign to company code
b. Create a Country chart of accounts
and assign to operational chart of accounts.
3. For cross company code controlling, the company codes must satisfy the following. (2)
a. They must use the same operational
chart of accounts.
b. They must use the fiscal variants
having the number of posting periods with the start and end date of each
period being the same.
c. They must use the same country
chart of accounts.
d. They should not use the same
operational chart of accounts.
Answer:
1) b, c, d
2) b
3) a, b
