whats the difference between business area and profit center.
Answer Posted / srinivas
Dear friends,
The functionality of the Business area and profit center is
to create profit & loss a/c and balance sheets under the
company code level. Both have their own pros and cons.
Both are used for internal reporting only.
Both have a typical month end closing activity.
The problem with business area is when splitting the
document at the month end activity and there is a belief
that the business area concept may not support in future
version of sap.
*If i am wrong just correct me :)
| Is This Answer Correct ? | 30 Yes | 12 No |
Post New Answer View All Answers
hi my name kali i have 6 month experience in sap fico module how to get job kindly help me
Is it possible to create asset classes automatically? : fi- asset accounting
What is an operating chart of accounts in sap ?
What are fiscal year variants and how are fiscal periods opened and closed?
How do you go about configuring asset accounting?
How are input and output taxes taken care of in sap?
How do we create tasks? What is the difference between task and change request?
What is a local currency?
How many chart of accounts can a company code have?
What is the maximum number of posting periods in sap? : cost center accounting
What is group asset in sap? When you will use this? : fi- asset accounting
What is the integration point in fi-mm in obyc. Which gl a/c has to be created ?
Explain plan layout? : co- cost center accounting
Define meta data, master data and transaction data?
What is reconciliation account?