SAP-5 Business Area [OX03]
Business Area [OX03]
Define Business Area in SAP
Definition of Business area:- Business area is a separate area of operations or responsibilities of organizational units of financial accounting that is used for internal and external reporting. Different divisions of each business within a legal entity are created as Business areas for reporting of each operational area. So Financial statements can be created for each business area and these financial statements can be used for internal reporting purposes.
Business Area in SAP – Important Points
This is an optional organizational unit, so it is not mandatory to define the business area in SAP systems
Business areas are not assigned to any company codes.
Using business area organizational units, the statements of Profit and Loss, Balance sheets
You can define the business area with 4 characters and the same company code be used for the business area key.
Transaction Code for Creation of Business Area in SAP:- OX03
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