FICO & MM Configurations Key

Areas

Below document only includes screen shots of FICO key configurations.

Documented by Pavith Goonathilake

2017-01-07

FICO & MM - Pavith Goonathilake

Contents
FICO & MM Configurations Key Areas ............................................................................................ 1
Create Company Code .............................................................................................................................. 4
Assign Company Code to Company .......................................................................................................... 6
Copy Company Code Data to a New ......................................................................................................... 8
Business Area .......................................................................................................................................... 10
Functional Area ....................................................................................................................................... 11
Activate Cost of Sales .............................................................................................................................. 12
Credit Control Area ................................................................................................................................. 12
Assign Credit Control Area ...................................................................................................................... 14
Field Variant Status ................................................................................................................................. 15
Chart of Accounts.................................................................................................................................... 17
Copy Chart of Accounts........................................................................................................................... 18
Create Controlling Area .......................................................................................................................... 18
Assign Company Code to Controlling Area ............................................................................................. 20
Activate Controlling Area ........................................................................................................................ 21
Maintain Controlling Area Settings ......................................................................................................... 23
Create Profit Center Group ..................................................................................................................... 26
Create a Profit Center Standard Hierarchy ............................................................................................. 27
Create Profit Center ................................................................................................................................ 28
Create Cost Center Groups ..................................................................................................................... 30
Create Cost Centers ................................................................................................................................ 32
Assign Chart of Accounts to Comp Code ................................................................................................ 33
Assign Profit Centers (if created new) .................................................................................................... 34
Create Account Group ............................................................................................................................ 35
Define Retained Earnings Account.......................................................................................................... 36
Tolerance Group ..................................................................................................................................... 37
Employee Tolerance Groups ................................................................................................................... 38
Define Currencies of Leading Ledger ...................................................................................................... 40
Defining Fiscal Year ................................................................................................................................. 42
Assign Fiscal Year .................................................................................................................................... 43
Define Variant for Posting Periods ........................................................................................................ 44
Assign Posting Period to Company Code ................................................................................................ 45

FICO & MM - Pavith Goonathilake

 Open Posting Periods .............................................................................................................................. 45
Material Management ................................................................................................................................ 48
Creating a Plant ....................................................................................................................................... 48
Create Storage Location.......................................................................................................................... 49
Purch Org ................................................................................................................................................ 49
Sales and Distribution ................................................................................................................................. 50
Basic ........................................................................................................................................................ 50
Assign Sales Area to Sales Document Types ........................................................................................... 50
Condition tables ...................................................................................................................................... 52
Standard Tables ...................................................................................................................................... 52
Maintain Plant Parameters & Settings in Inventory Management ........................................................ 52
Define Cost Centers ................................................................................................................................ 55
Account Determination for Valuation Areas .......................................................................................... 58
MM Conditions ........................................................................................................................................... 59
Define Condition Type ............................................................................................................................ 59
Define Calculation Schema ..................................................................................................................... 61
Define Schema Group ............................................................................................................................. 62
Define Schema Determination................................................................................................................ 64

FICO & MM - Pavith Goonathilake

Create Company Code

FICO & MM - Pavith Goonathilake

FICO & MM - Pavith Goonathilake
Assign Company Code to Company

FICO & MM - Pavith Goonathilake

FICO & MM - Pavith Goonathilake
Copy Company Code Data to a New

Select Copy Function

FICO & MM - Pavith Goonathilake

FICO & MM - Pavith Goonathilake
Business Area

FICO & MM - Pavith Goonathilake

Functional Area

FICO & MM - Pavith Goonathilake

Activate Cost of Sales

Credit Control Area

FICO & MM - Pavith Goonathilake

FICO & MM - Pavith Goonathilake
Assign Credit Control Area

FICO & MM - Pavith Goonathilake

Field Variant Status

FICO & MM - Pavith Goonathilake

FICO & MM - Pavith Goonathilake
Chart of Accounts

FICO & MM - Pavith Goonathilake

Copy Chart of Accounts

Create Controlling Area

FICO & MM - Pavith Goonathilake

FICO & MM - Pavith Goonathilake
Assign Company Code to Controlling Area

FICO & MM - Pavith Goonathilake

Activate Controlling Area

FICO & MM - Pavith Goonathilake

FICO & MM - Pavith Goonathilake
Maintain Controlling Area Settings

FICO & MM - Pavith Goonathilake

FICO & MM - Pavith Goonathilake
FICO & MM - Pavith Goonathilake
Create Profit Center Group

FICO & MM - Pavith Goonathilake

Create a Profit Center Standard Hierarchy

Ideally after creating a Controlling Area we have a created Hierarchy to it, because we provide the
Hierarchy name there.

You can go and check it as below;

FICO & MM - Pavith Goonathilake

Create Profit Center

When saved; It will show the below message

Then have to activate

FICO & MM - Pavith Goonathilake

FICO & MM - Pavith Goonathilake
Create Cost Center Groups

Create

FICO & MM - Pavith Goonathilake

Assign the Cost Center Group in OKKP

FICO & MM - Pavith Goonathilake

Create Cost Centers

FICO & MM - Pavith Goonathilake

Assign Chart of Accounts to Comp Code

FICO & MM - Pavith Goonathilake

Assign Profit Centers (if created new)

Make sure Ticks are there for new profit centers

FICO & MM - Pavith Goonathilake

Create Account Group

FICO & MM - Pavith Goonathilake

Define Retained Earnings Account

FICO & MM - Pavith Goonathilake

Tolerance Group

FICO & MM - Pavith Goonathilake

Employee Tolerance Groups

FICO & MM - Pavith Goonathilake

FICO & MM - Pavith Goonathilake
Define Currencies of Leading Ledger

FICO & MM - Pavith Goonathilake

FICO & MM - Pavith Goonathilake
Defining Fiscal Year

FICO & MM - Pavith Goonathilake

Assign Fiscal Year

FICO & MM - Pavith Goonathilake

Define Variant for Posting Periods

FICO & MM - Pavith Goonathilake

Assign Posting Period to Company Code

Open Posting Periods

Go to OMSY

FICO & MM - Pavith Goonathilake

FICO & MM - Pavith Goonathilake
FICO & MM - Pavith Goonathilake
Material Management

Creating a Plant

Always copy

FICO & MM - Pavith Goonathilake

Create Storage Location

Purch Org

Assign the above entities

FICO & MM - Pavith Goonathilake

Sales and Distribution

Basic
Create Sales Org and Shipping Points

Then assign Sales org to CoCode

Distribution Channels and Divisions

Assign Sales Area to Sales Document Types

Complete all above activities.

FICO & MM - Pavith Goonathilake

FICO & MM - Pavith Goonathilake
Condition tables

Standard Tables

Maintain Plant Parameters & Settings in Inventory Management

FICO & MM - Pavith Goonathilake

FICO & MM - Pavith Goonathilake
FICO & MM - Pavith Goonathilake
Define Cost Centers
Create Cost centers as follows

Steps

First Create cost center Group

FICO & MM - Pavith Goonathilake

Then create cost centers

FICO & MM - Pavith Goonathilake

FICO & MM - Pavith Goonathilake
Account Determination for Valuation Areas

FICO & MM - Pavith Goonathilake

MM Conditions

Define Condition Type

Copy and existing condition type based on your requirement.

FICO & MM - Pavith Goonathilake

FICO & MM - Pavith Goonathilake
Define Calculation Schema
Copy and existing Schema and attach the created Condition Type.

FICO & MM - Pavith Goonathilake

Define Schema Group

First Create the Purch Org Schema Group

Then Assign the Schema Group to Purch Org

FICO & MM - Pavith Goonathilake

FICO & MM - Pavith Goonathilake
Define Schema Determination

FICO & MM - Pavith Goonathilake