Global Parameters

Entering the Global Parameters: OBY6

SPRO -> SAP Reference IMG (F5) Financial Accounting / Financial Accounting Global Settings /
Company Code / Enter Global Parameters

Chart of Accounts:
Assign COA to your Company Code.
Country Charts/Accounts:
Enter the COA if your country code has a special country or statutory COA
Company: Company ID your company code belongs to
FM Area:
Financial Management area. (FM area is an organizational unit which plans, controls and monitors funds
and commitment budgets)
Enter FM area key if you are using funds mgmt. and it is used for treasury module.
They are used in treasury module, specifically for funds management. Funds Management allows the
organization to budget commitment and financial resources. If you are using Funds Management, enter
the four character identifier of FM Area. If you are using Investment Management along with Funds
Management, the FM areas must be assigned to controlling areas assigned to your company codes. FM
areas can contain more than one company code.
Credit Control Area:
Enter the credit control area key applicable for your company code.
Credit Control Area controls the credit limits for the organizations customers. A Credit Control Area can
be assigned to many company codes, but a company code can linked to only one credit control area.
Fiscal Year Variant:
It is used to define Fiscal Year. Enter the name of fiscal year defined in FI (usually it will be Apr to March
with 4 special periods)
Global CoCde:
You need to maintain the Cross co code for this and it has to be defined in OB72
Company code is productive:
Once you set your company code as productive you cannot delete transactional data from the SAP
system. (This setting is done only in production client).
VAT Registration Number:
Enter your company (code) VAT registration number.
Field Status Variant:
Propose Fiscal Year: Yes
Posting Period Variant:
It is used to control which accounting period is to be open for posting and ensuring that closed periods
remain balanced and reconciled.
Define Default Value Date: Yes
Max. Exchange Rate Deviation % :

Enter 5, 10, 15 % etc according to company policy.

No forex rate diff. when creating LC:
Enter as per company policy. For e.g.
Invoice was posted in foreign currency USD 1000 (exchange rate is 45 INR/USD). So Amount in Local
currency INR is 45000. Payment was made in INR of 45,000 (at the time of payment exchange rate is 44
INR/USD). So if payment was made in USD then it would have been 1022 USD. So there is a difference
of 22 USD which company lost in foreign currency.
If this field is selected in OBY6, system will not post any forex line item while clearing above items in INR
else system will post difference of 22 USD.
CoCd CO Area:
Assign controlling area to your company code