What is a Company in SAP FI? What does it consists of?

1.	What is a Company in SAP FI? What does it consists of?
Answer» A company is defined as smallest unit for which financial statements can be created in accordance with commercial legal regulations. In SAP FI, a company can comprise of multiple codes, however it acts as a single unit for which financial statements are available. All the company codes must use the same chart of accounts list and fiscal year however each code can have a different local currency.

Answer»

A company is defined as smallest unit for which financial statements can be created in accordance with commercial legal regulations.

In SAP FI, a company can comprise of multiple codes, however it acts as a single unit for which financial statements are available. All the company codes must use the same chart of accounts list and fiscal year however each code can have a different local currency.

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What is a Company in SAP FI? What does it consists of?

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