SAP FICO Enterprise Structure

  Variant Principle in SAP The Variant Principle is a standard SAP methodology used to assign properties to one or more objects in a controlled way. It consists of three steps: Define a Variant Maintain / Determine Values in the Variant Assign the Variant to the Company Code  Path: - In IMG Screen >> This principle is used for: Fiscal Year Variant Posting Period Variant Field Status Variant Chart of Accounts, etc. I Fiscal Year Variant A Fiscal Year Variant in SAP defines the financial year structure used to post business transactions and prepare financial statements. It determines how posting periods are derived from posting dates and how a fiscal year is structured in the system. A fiscal year: Covers a 12-month period May be a calendar year (Jan–Dec) or a non-calendar year (e.g., Apr–Mar) Must follow the matching concept, where income and related expenses are recorded in the same accounting period Key Concepts Fiscal Year vs Calendar Year Calendar Year: January to Dec...

  GAP Analysis identifies the difference between business requirements and standard SAP functionality.

T-code - OBY6 or  SPRO>IMG>Financial Accounting>Global Parameters for Company code>Enter Global Parameters   Includes: Currency Fiscal Year Variant Chart of Accounts Posting Period Variant Field Status Variant 👉 These are critical for FI configuration

Company Code O Represents an independent balancing/legal accounting entity and is used for external purposes e.g., a company with independent accounts within a corporate group O Financial Statements required by law can be created at company code level O A separate company code is usually created per country in order to fulfill the legal requirements such as taxation etc. O To create a company code, copy an existing company code template. This copies the Definition, Global parameters, Customizing tables, GL accounts and Account determination O its Table: T001 can be viewed through T-code: SE16N to display the list of information O Transaction code: OX02 O Menu path: Display IMG -> Enterprise Structure -> Definition -> Financial Accounting -> Edit. Copy, Delete, Check Company Code 

 Below are the different BP roles : - FLCU00(Customer -Company Code) -FLCU01(Customer-Sales) -FLVU00 (Vendor-Company Code) -FLVU01 (Vendor-Purchase)

 Below are the segments in customer master data - General Data - Company Code Data - Sales Area Data