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 the implemention project in sap?

0 Answers   Greenko, IBM,

When I post any transaction in F-02. Showing error as "No amount tolerance range entered for company code" and if i press enter again for the 2nd time, its showing error as "Company code not assigned to country or country to calculation procedure". Please provide me a solution for this? For this I got the answer "remove tolerance group from GL account and to assign some tax procedure to country with out this sap system does not allow any transactions in system.so procedure for assigning tax procedure is mentioned below. --->Financial Accounting---->Financial A/c Global Settings---->Tax on Sales/ Purchases---->Basic Settings---->Assaign Country to Calculation Procedure----> Select Position Button Country----> IN Press Enter For Counry IN Assaign Procedure ----> TaxUS-Sales Tax Select Save Button or CTRL+S. Press Enter to save in your request. I've done following the same procedure However, Now I am getting New error as "Maintain conversion factors for EUR/INR (Currency type M)". I am unable to go further. Please give me the solution for this? (Thanks to Mr prasad for your valuable answer)

4 Answers  

Explain what is validations and substitutions in sap?

0 Answers  

what is copa cycle ?

2 Answers   IBM,

what r the month end activites for a consultant which enduser cannot do?

3 Answers   Accenture,

Dynamic and Static Postings, Explain the Differences in Brief

2 Answers   CA,

what r the problems faced during realtime support project if fico? how to solve it?

0 Answers   IBM, TCS,

What is depreciation? Explain the various types? : fi- asset accounting

0 Answers  

What are the issues you faced after the implementation project in go-live?

0 Answers   Intelligroup,

in miro what is accounting entry along with tax?

3 Answers   Infosys, Keane India Ltd,

How does FI G/L Link with house bank

4 Answers  

Explain automatic primary cost planning? : co- cost center accounting

0 Answers