BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Client
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Company Code
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Chart of Accounts
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Credit Control Area
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Detailed explanation-1: -Definition. A credit control area is an organizational unit for specifying and controlling customer credit limits. A credit control area can include one or more company codes.
Detailed explanation-2: -The organizational unit used in credit management is Credit Control Area. It represents the area where customer credit limits are specified and monitored.
Detailed explanation-3: -In SAP FI, Credit Control is used to specify and control the customer credit limits. A credit control area can include one or more company codes. It is not possible to divide a company code into several credit control areas. The credit control area is used for credit management in AR and SD components.
Detailed explanation-4: -In this activity, you specify the customers for whom the credit limits are to be maintained and specify credit control area of the customers. SAP Menu => Logistics => Sales and Distribution => Credit Management => Master Data =>FD32-Change.