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

1) what template u use to get the data for preparing business blueprint. 2) what challenges u face while preparing business blueprint..pls answer my questions

0 Answers   NIIT,

what is drilldown reports? tell me about characteristics & key figures.

0 Answers  

What are the benefits of using cost center accounting? : cost center accounting

0 Answers  

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0 Answers  

Why do we need to do Foreign Currency Evaluation

2 Answers   IBM,

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1 Answers  

what are the segment of gl master record ?

3 Answers  

What is the significance of sender & receiver cost elements & cost centers?

0 Answers  

what is field status group what does it control.

2 Answers  

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2 Answers  

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3 Answers  

Our company has 2 divisions: Food Service & Food Beverage Units Now we have a problem... The customer no. 500 , is shared between our Food Service and Food & Beverage units. T we do not have a customer hierarchy for the following combination: sales org. 1000 dist. channel 10 ( for food service) division 00. We cannot set this up because we have the customer hierarchy already created for sales org.1000, dist. channel 11 ( for food and beverage) division 00 Is there anyway that we can set up the customer hierarchy for food service units? Please let me know

0 Answers