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

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This SAP Master Data Governance (MDG-F) description is aimed at consultants and developers in the IT sector, as well as employees in finance and controlling. It outlines the MDG-F tool's techniques and daily business applications, detailing relevant configuration steps through examples. One example illustrates the creation of a general ledger account, emphasizing the organizational changes required when implementing MDG-F. Decision-makers must recognize that introducing MDG-F necessitates significant preparatory work in the financial and controlling areas, such as reorganizing the chart of accounts (CoA), adjusting the controlling area, and standardizing cost center hierarchies. Only after completing these tasks should MDG-F be implemented. To realize benefits or 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. These foundational elements are crucial for the successful deployment of the MDG-F tool and achieving desired financial outcomes.