In order to maximize the efficiency of your accounting system, it is important to separate transactions into business areas. By doing this, you can ensure that your accounting system accounts for each of your different lines of business. A large company may have several domains, but only one business area. You can create multiple domains for your company’s different lines of businesses by using the CDR_CLA_OBJ_TYPE parameter. This parameter contains 5 attributes, including the term ID and CLA_LEVEL_ID. You cannot use the PAR_ and CDR_CLA_OBJ_PAR_TYPE parameters to define your Business Areas. Rather, you must include the definition and classifier of each of your departments as well as the appropriate level of each.
The Business Area definition is an object that contains attributes. It is a part of the enterprise structure and is used to manage the financials of your company. These attributes are used to categorize the different parts of your company. The attributes of a business area are COMPANY_ID, OBJ_VER, and NAMESPACE_OBJ_ID. Then you must enter the PIO_COMMENT attribute to describe the reasons you want to categorize a specific kind of business within a given area.
If you’re planning to create a new Business Area, you’ll need to define its attribute structure. The attributes of a business area are defined in the CDR_BASE_OBJ_TYPE table. These attributes include the COMPANY_ID, OBJ_VER, and NAMESPACE_OBJ_ID. Then you need to add a new instance of the Business Area definition, and so on. Besides, you’ll be able to generate financial statements for internal reporting purposes.
A consolidation business area is a special type of business area. It specifies the central business segments within a company. To create such an area, you’ll need to assign business areas to the consolidated business areas. To do this, you’ll need to create a new consolidated ABAP configuration. To do this, you will need to assign the ABAP BI_OBJECT_TYPE and SPRO_BASEOBJECT_TYPE.
You can use a company code to define a business area. The company code needs to be configured before a business area can be created. Then you can configure the other company codes to use the same business area. When you’re done, you’ll need to attach the business areas to the corresponding types of the ABAP_OBJECT. It’s not mandatory to set the attributes of a particular type of object, but you can easily configure them based on your needs.
A business area can be further classified into multiple sub-businesses. A business area can be categorized into multiple sub-areas, but it’s also important to use the same code for all of them. This is the reason why it’s important to understand the differences between the different business areas. Ultimately, your system should have clear definitions of business areas. You can use them to simplify your organization. It is important to have a good understanding of what your ERP does.