Answer / radhika maral

The Balance sheet should be as per the Profit Center wise
as Business area is defined at the Client Level & Profit
Center at the Company code level
Hence for getting a proper & exact idea of P/L & Balance
Sheet we generally prefer Profit center

Answer / pavan

Profit center because we have an option of reposting cost
and dummy profit center in profit center accounting

Answer / mk

I think that the balance sheet should be at the company code
level. I see no use of a balance sheet created for a proft
center or even a business area. Balance sheet has items
like equity capital, cash, retained earnings which belong to
the legal entity and not broken up by a business area or a
profit center.

As for P&L statement, they can be created by either Business
area or the Profit Center and depending upon your use of
business area or profit center the usability of either
option can be argued. However, the purpose of profit
centers "is" to determine the profitabilty of a business
operation, a department or even a person. So, a profit
center specific P&L will shed light on the profitability (or
not) of that profit center. That could be useful in taking
decisions such as continuing or discontinuing with that
profit center or trim costs or reorganize resources.

Answer / bnvdiwakar

if company has taken all type transation like purchages ,
sales , tax, prodution , rents , expences, salaries and
wages, marketing , packing, distebution and more .this type
transations is taken to the trading and profit&loss account
after that when the closeing year profit or loss show in
this statement,after that this statement is converted to the
balance sheet . This called a profit center account.

Answer / vijay

This is dependent upon the client requirement and how client
want to view his internal reports business area wise or
profit center wise on that bases the consultant should
configure.

pls rectify me if i m wrong

What is a local currency?

0 Answers  

---

What is the SCREEN VARIENT for Document Entry.and the Transaction Code for this.

3 Answers   L&T,

---

What you are selected as a consultant and customer wants following process to be activated in SAP. As a consultant please suggest the modules to be implemented. Business Process : Customer who is having one Publicity department for his many companies, interested in getting the figures of Budget for certain exhibition expenses to be done by strict adherance to budget . Publicity expenses to be captured for information- separately and in the original Publicity department. a. Profit Center b. Cost Center c. Cost Element d. Internal Order e. Activity types

1 Answers  

---

How I maintain different fiscal year variant for leading and non leading ledger. Kindly give me the answer as early as possible,am in hurry. Thanks in advance

1 Answers  

---

What is activity rate?

1 Answers   IBM,

---

---

What are the features of APP programing

0 Answers   Wipro,

---

Someone kindly explain to me where can i set up in vendor master Cost Center / Business Center / Segments Optional, please help freind. i cant find out. i waiting for my sap group freinds valid responds

0 Answers  

---

how to do mass copy of GL accounts from one company code to other company code.

5 Answers  

---

What is the t-code of fi-pp and fi-hr integration?

2 Answers  

---

What is Assets class?

3 Answers  

---

Explain fiscal year variant Vs posting period variant 

2 Answers  

---

Hi, People move to SAP Consultancy by making a shift over from their domain area, is there any chance for a SAP consultant to move back to the domain. For example a SD consultant trying to make it back to the Marketing function..... Honest answers please....

1 Answers  

---