A Chart of Accounts is the list of GL accounts used in one or more Company Codes. All the GL accounts in a chart of accounts will have an account number, account name, and some control information. The control information decides how the GL account can be created.
A Chart of Accounts includes the following components:
The Credit Control Area in SAP helps administer credit management functions relating to customers. This organizational unit is used both in SD and FI-AR modules. By definition, you can have more than one credit control area in a Client, but each Company Code is assigned to one credit control area. However, it is true that you can attach many Company Codes to the same credit control area.
Business Areas correspond to specific business segments of a company, and may cut across different Company Codes (for example, product lines). They can also represent different responsibility areas (for example, branch units). The Business Areas are optional in SAP.
The financial statements drawn per business area are for internal reporting purposes. You need to put a check in the check box in the configuration for the company for which you want to enable business area financial statements.
When transactions are posted in FI, you have the option of assigning the same to a Business Area so that the values are properly captured for internal financial statements.
The Business Area can also be derived from other account assignments, for example, cost center. But to do this, you need to define the Business Area in the master record of that particular cost center.
General data:
Global data:
Typically Business Process Re-engineering (BPR) needs to be completed well before the SAP implementation starts. This will help to identify any improvements that can be made prior to implementation and begin the process of change within the organization. Improvements that will be system-enabled will form part of the implementation and also help the project team to identify areas of change.
However, it is also possible (but not recommended if there are large areas requiring total process re-engineering) to do BPR during the business blueprint phase provided the project team works within the boundary of the initial scope provided.
