Configure your organization in F&O - Plant and Implement Legal Entities (Section 2) Flashcards
Legal entity?
Organization that has registered or legislated legal structure. Must be associated with Company ID
Company ID?
Limited to 4 alphanumeric characters, once created cant be changed.
Valid registration numbers?
Social Security Number
Tax identification number
European VAT identification
Number sequences?
Used to generate readable, unique identifiers for master data records and transaction records that require identifier.
Scopes for number sequences?
Shared Company Legal entity Operating unit Company and Fiscal Calendar period Legal entity and Fiscal calendar period Operating unit type
Organizational hierarchies?
Represent the relationships between the organizations that make up business
Operating units?
Organization that is used to divide the control of economic resources and operational processes in a business
Operating units in F&O?
Cost center Business unit Value stream Department Retail channel Branch Rental Location Region Teams
Cost center?
Managers are accountable for budgeted and actual expenditures. Management and operational control of business processes that span legal entities.
Business unit?
A semi-autonomous operating unit that is created to meet strategic business objectives. It is used for financial reporting that is based on industries or product lines that the organization serves independently of legal entities.
Value stream?
Controls one or more production flows. Used in lean manufacturing to control the activities and flows that are required.
Department?
Represents a category or functional part of an organization that performs a specific task, such as sales or accounting.
Retail channel?
Represents a brick and mortar store, an online store, or an online marketplace.
Branch?
Branch location, outside of main location of the business.
Rental location?
A rental location of the business.
