Customizing & Application Guide for SAP Master Data Governance Finance (MDG-F)- Creation of G/L account-Creation Cost - & Profitcenter

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This description of SAP Master Data Governance (MDG-F) is aimed at IT consultants, developers, and professionals in financial and controlling sectors. It outlines the MDG-F tool's techniques and daily business applications, detailing relevant configuration steps through examples. One example demonstrates the technical functions involved in creating a general ledger account. Decision-makers must recognize that implementing MDG-F necessitates organizational changes in processing. Introducing MDG-F in a heterogeneous system landscape requires extensive preparatory work in finance and controlling, such as reorganizing the chart of accounts (CoA), adjusting the controlling area, and standardizing cost center hierarchies. Only after these activities are completed does it become feasible to implement MDG-F. To ensure a return on investment from MDG-F in finance and controlling, several parameters must be established: a uniform Group Chart of Accounts, a unified local CoA (with consistent language and field length), a consolidated item plan, a uniform controlling area, and standardized cost center and profit center hierarchies. Achieving these objectives is crucial for realizing the benefits of the SAP Master Data Governance tool in the financial sector.