What is use of Company Code one of hierarchical component of SAP FI?

1.	What is use of Company Code one of hierarchical component of SAP FI?
Answer» What is USE of Company Code one of hierarchical component of SAP FI? We basically used Company Code before creating PROFIT and Loss STATEMENTS of our company. One thing about Company Code is that not all of employees have access to same code. And we can configure up to 3 different currencies. In these 3 different currencies one of these REMAIN local and other two are considered a parallel.

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