International Business Administration SIB500 Lecture Notes - Lecture 1: Accounts Receivable, Walmart Canada, Financial Statement

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SEC = Securities and Exchange Commission
OSC = Ontario securities commission
FI/CO
Organizational structure
-Client
-Company code
-Chart of Accounts
-Fiscal Year Variant
- Credit control area
Client
Highest hierarchical level in an SAP system
A complete database containing all the tables’ necessary for creating a fully integrated system
Means it’s connected to other functions of the business.
Master records are created per client
Accounts receivable (AR) are example of Master records or tables
Example: What does the term client mean in SAP? Give and example.
Company Code
Define company code and give an example.
-A required structural element
-A legally independent entity
-The smallest organizational unit for which accounting can be carried out
-Where business transactions are processed
-Where accounts are managed
-Where legal individual financial statements, such as the balance sheet and the profit and
loss statement, are created.
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