Creating and Using Functional Area Groups 

Purpose

You can use functional area groups to build functional area hierarchies that summarize similar accounting treatments and objectives according to the particular requirements of your organization. Individual functional areas form the lowest level of the hierarchy.

Process Flow

You can create as many functional area groups as you like. You can structure them, for example, according to internal and external accounting and reporting viewpoints. Functional area groups enable you to perform financial reporting evaluations for each view. They also support cost accounting processes during planning and internal allocations.

·        To create, change, or display functional area groups from the Funds Management menu, choose Master Data ® Functional Area ® Functional Area Group ® Create/Change/Display.

·        To copy functional area groups, choose Master Data ®Functional Area ®Functional Area Group ®Create/Change/Display ®  Group ® Copy.

Result

You can use functional area groups in Financial Accounting reporting, and in Controlling and Project System transactions enabled for Fund Accounting. You cannot use them for Funds Management budgeting and reporting.