Hi Tulika,
1. you need to define your Accounting codes and assign the corresponding FI company codes to them in a 1:1 relationship.
2. Valuation Areas
In this IMG activity you define all valuation areas that you require. You define valuation area 001, that corresponds to the 'operative valuation area', and all other parallel valuation areas.
- Note:
- Valuation area 001 is the operative valuation area. The positions in the operative valuation area (with exceptions) are managed and valued using the 'old' operative valuation area functions. The exceptions are the listed options and futures positions and the forwards und repo positions. These positions are managed and valued using the functions of the parallel valuation areas.
For different accounting principle, we usually use different valuation area.
3. Define Product Types
Product types help to differentiate between different Money Market financial instruments. Differentiation is necessary if the individual instruments are subject to different processing rules or if you wish to create different levels for evaluation. By assigning different structure characteristics, various forms of transactions can be predefined.
Only via the combination of the product type with a transaction type is the financial transaction finally set.
In this step, you maintain the product types you require.
Activities
- 1. Name your product type. You have a 3-character alphanumeric field for this.
- 2. Specify the long text and short text for your new product type.
- 3. Assign your product type to a product category. The product category is an internal key and controls how the product types assigned to it are processed.
Example
In the Money Market area, the following product categories are available:
- a) 510 Fixed-term deposits
- b) 520 Deposits at notice
- c) 530 Commercial Paper
- d) 540 Cash flow transaction
- e) 550 Interest rate instrument
- f) 560 Facilities
You can find these information in the document text of IMG items.
Best regards,
Biao