The smallest organizational unit for which individual financial statements are created according to the relevant legal requirements. A company can include one or more company codes. The definition of the company organizational unit is optional. A company’s financial statements also form the basis of consolidated financial statements. All of the company codes within a company […]
In general, system divides the G/L master records into the following area of management: Chart of accounts level Company code level You can maintain General Ledger Master Data centrally in SAP Using following menu path: Create GL Master Data Centrally IMG MENU PATH Accounting → Financial accounting → General ledger → Master records → […]
In SAP, the basic element of the master data structure in the General Ledger is the chart of accounts, which is assigned to a company code and contains the master list of general ledger accounts that are required for external reporting on the organization. In SAP, the GL account traditionally represents what most organizations refer […]
The Material cost estimate is calculated for all the in-house manufactured products (finished goods and semi finished goods). The system accesses the Bill of Material and Routing or Master Recipe maintained by PP for the finished goods. It is used to calculate the cost of good manufactured and cost of good sold for each product […]
After carrying out a cost estimate for a material without any errors, you can transfer the costing results to the material master as prices in SAP. To set a new standard price in the material master, you must mark and release the standard cost estimate. You must first allow standard cost estimates to be marked […]