SAP Financial Accounting (SAP FI) Practice Exam

When creating a new company code, which of the following is NOT a global setting?

1. Chart of accounts

2. Fiscal year variant

3. Currency

4. Sales organization

The correct answer is: Sales organization

The correct response is that a sales organization is not a global setting when creating a new company code. In SAP Financial Accounting, company codes are set up to represent independent financial accounting entities, and their configuration includes defining certain parameters that affect all transactions recorded within that company code. The chart of accounts is a crucial component of financial reporting and is used globally across the company codes to ensure a consistent categorization of financial transactions. Similarly, the fiscal year variant defines the accounting period over which financial statements are prepared and is also applied at a broader organizational level to align reporting across multiple company codes. Currency is essential in determining the base currency for financial transactions and is usually defined at the company code level but has implications for global financial operations. In contrast, a sales organization is specific to sales and distribution processes and relates more to marketing or sales function rather than a financial accounting framework. While it plays a crucial role in capturing sales revenue and managing customer relationships, it does not impact the financial accounting set up at the global level like the other parameters do. Thus, when establishing a new company code, the sales organization is treated distinctly and does not constitute a global setting.