Assign Company Code to Financial Management Area

Significance: In this step we assign our company code to the financial management area we have created(or vice versa). By doing this we are enabling the Cash Flow & Funds Flow Management features for our particular company.
T-Code:
Path: SPRO>IMG>Enterprise Structure>Assignment>Financial Accounting>Assign Company Code to Financial Management Area
The following steps should be followed:

Use “Position” button at the [...]

Define Financial Management Area

Significance: Financial Management Area is a customisation that helps to work on Cash Flow & Funds Flow Management. Without this customisation these features will not be activated.
T-Code:
Path: SPRO>IMG>Enterprise Structure>Definition>Financial Accounting>Maintain Financial Management Area
The following are the steps to be followed:

Select “New Entries” on the Application Bar.

Enter the details required on the page(it is suggested to [...]

Assign Business Area To Consolidation Business Area

Significance: In this step we assign the various business areas that we want under a particular consolidation area under that particular consolidation business area. It must be noted that a business area can be assigned to more than one consolidation business area in order to enable better reporting and controlling activities.
T-Code:
Path:SPRO>IMG>Enterprise Structure>Assignment>Financial Accounting>Assign Business Area [...]

Define Consolidation Business Area

Significance: This is another controlling tool like Business Area, but on a much larger scale. A consolidation business area is a consolidation of a number of business areas that satisfy certain geographic or demographic criteria(for example, belong to the same state, country, continent, etc. or belong to business areas in cities only/villages only etc.). This [...]

Define Business Area

Significance: A business area is a method of controlling wherein accounts can be maintained unit-wise so that each area can be evaluated as a separate business entity and their relative profitability and contribution to the overall figures can be measured. A business is usually a city/town of operation or an independent store/outlet of the company [...]

Assign Company Code to Company

Significance: In this step, we assign the company code we have created for our company. This ensures that whenever the company code is required to be quoted for any transactions, the resultant entries get passed to our company.
T-Code:
Path: SPRO>IMG>Enterprise Structure>Assignment>Financial Accounting>Assign Company Code to Company
The following are the steps:

Click on Position Button at the bottom [...]

Define Company Code

Significance: The company code is the single most important of all the fundamental definitions in the enterprise structure customisation. The company code is the identifier by which a company is referred to in all its transactions. It is an independent accounting entity with 4 numeric characters(although the maximum size fixed for it is 4 digits, [...]

Define Company

Significance:- This is the first step that is customised in FI. In this step, the company and company related parameters are defined.
Transaction Code(T-Code): OXO2
Path: SPRO>IMG>Enterprise Structure>Definition>Financial Accounting>Define Company
Note: Click on any image to enlarge(since the images are of very high resolution you might have to zoom in to see the image in proper resolution).
 
The following [...]

Enterprise Structure - Index

Enterprise Structure customisation comprises of steps required to customise the settings that affect the Financial and certain other aspects of the entire organisation, i.e. steps that have an enterprise-wide effect. These are the first steps that are carried out before any other steps can begin.
The following Enterprise Structure steps will be dealt with as individual [...]