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basic data

a) Enter a key for the newly created controlling area.
b) Enter a name for this controlling area.
c) If required, enter a Person responsible for your controlling area.
Assignment Control
d) Define the assignments of company code(s) and controlling area.
Currency setting
e) Enter the currency type for your controlling area.
You can only maintain the currency type if you have set a 1:n-relationship between company code and controlling areas in assignment control.
You can choose from the following currencies:
- Company code currency
- Controlling area currency
-Group currency
-Hard currency
-Index-based currency
-Global company currency
If data already exists for at least one of the assigned company codes, you cannot change the currency type (and therefore, the currency).
Note
If you are using parallel currencies in Financial Accounting and you want to use a currency other than the company code currency in your controlling area, you should a currency type in your controlling area that corresponds to the parallel currency. You should not use just the same currency key.
f) Enter the currency in which the amounts in the system are to be recorded.
The currency you enter must correspond with your currency type selection.
If you have not selected currency type "10", the system activates the Varying company code currency indicator.
You must fill the Currency field if you want to use cross-company code cost accounting.
For cross-company code cost accounting with different company code currencies, SAP recommends that you use a common parallel currency of the company codes as the controlling area currency. This ensures that Controlling postings are made in currencies that are relevant for Financial Accounting.
You define the parallel currency in the Implementation Guide (IMG) for Financial Accounting, under Define Additional Local Currency .
g)If you are working with transfer prices, you should save a currency and valuation profile (C&V profile), to ensure that the data is updated consistently.
Choose Active to activate calculation with group or profit-center transfer prices.
Additonal Settings
h)Enter achart of accounts for the controlling area.
If you want to implement a cross-company code cost accounting, you must fill the Chart of accounts field.
i)Enter a fiscal year variant.
The fiscal year variant must already have been defined in Financial Accounting.
j)Enter the name of the cost center group that is to be the standard hierarchy of the controlling area.
An existing hierarchy can only be used as the standard hierarchy if it:
- Is unique, that is, it is not used in any other controlling area
- Does not contain any individual values;
- Is defined as a cost center hierarchy, that is, there is no other hierarchy with the same name (for example, cost elements).
You can only replace the standard hierarchy in your controlling area with another hierarchy, if
- No cost centers have been created for the existing standard hierarchy.
- The new hierarchy satisfies the prerequisites described above
Reconciliation ledger
k)To activate the reconciliation ledger, choose Recon. ledger active.
For a new controlling area, this indicator is set as a default.
You execute the
Activation and Deactivation in the Implementation Guide (IMG) for Cost and Revenue Element Accounting.
a)You can set a default document type for reconciliation postings.
This document type can be changed during the reconciliation posting in the posting period.