oJAYo SAP training

Governance, Risk, and Compliance, almost always referred to as GRC, is the latest addition to the parade of three-letter acronyms that are used to describe the processes and software that run the business world. The goal of GRC is to help a company efficiently.

Assign Posting Period Variant to Company CodeThis SAP FICO article will guide you all about how to Assign Posting Period Variant to Company Code. In this activity you assign the same Posting Variant Key to the company codes .Transaction code.

Define Variant for Open and Close Posting PeriodsThis SAP FICO article will guide you all about how to Define Variant for Open and Close Posting PeriodsPurpose of Open and Close Posting periods Configuration:- The posting periods can be maintained.

Define Variants for Open Posting PeriodsThis article will guide you all about how to Define Variants for Open Posting Periods, which is accountable for the opening and closing of periods in a Fiscal Year for postings to take place. The Posting.

Fiscal Year Variant in SAPDefinition Fiscal year :- Usually Fiscal year is a period of twelve months for which a company regularly creates financial statements and checks inventories. A fiscal year is divided in to number of posting periods.

Preconditions to assign Company Code to Credit Control Area in SAPYou must have already created a company code using “Define Company Code” optionYou must have already created a credit control area using “Define Credit Control Area” optionSteps.

Definition of Credit Control AreaCredit Control Area is an organizational unit that specifies and checks a credit limit for customers. It represents the area where customer credit is awarded and monitored. This organizational unit can either.

Functional Area in SAPDefinition of Functional Area in SAP :- Functional Area is a organisational unit in accounting. It maps the functional structure especially the expenditures of an organization and describes how the funds are used.Uses of Functional.

Define Business Area in SAPDefinition of Business area :- Business Area is an organizational unit within financial accounting. It is a separate area of operations or responsibilities of organizational units of financial accounting that is used.

Assign company code to companyMenu Path :- SPRO –> IMG Reference –> Enterprise Structure –> Assignment –> Financial Accounting –> Assign Company Code To CompanyTransaction Code :- OX16Steps to assign company code to companyStep 1.