Menu Path
IMG -> Enterprise Structure -> Definition -> Financial Accounting -> Define Business Area.
In order to organize and manage different divisions or segments, e.g. geographically or product wise etc. in better way in SAP, they can be defined and maintained as Business Areas which helps to serve the internal as well as external reporting.
(For example this can help you to serve a report as required by the segmental reporting as required by the international Accounting Standards -14)
Click on New Entries and update the following fields.
Click save (Key) to save entry.
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