What is geographical segment in SAP FI-GL - General Ledger Accounting?

SAP Term: geographical segment

• Component: FI-GL

• Component Name: General Ledger Accounting

• Description: A distinguishable subactivity of a company that relates to the manufacture of a product or the provision of a service within a specific field of business and that has risks and revenues that differ from those in other geographical segments active in other fields of business.

Smart SAP Assistant

• Key Concepts: 
  Geographical segment is a feature of the FI-GL General Ledger Accounting component of SAP. It allows users to assign a geographical area to each account in the chart of accounts. This allows for more detailed reporting and analysis of financial data, as it can be broken down by region or country. 
  
  How to use it: 
  To use the geographical segment feature, users must first set up a chart of accounts in the FI-GL component. Once this is done, users can assign a geographical area to each account in the chart of accounts. This can be done by selecting the “Geographical Segment” option from the drop-down menu when creating or editing an account. 
  
  Tips & Tricks: 
  When assigning geographical areas to accounts, it is important to ensure that all accounts are assigned correctly. This will ensure that all financial data is accurately reported and analyzed. Additionally, it is important to keep track of any changes made to the geographical segment assignments, as this could affect the accuracy of financial reports. 
  
  Related Information: 
  For more information on setting up and using the geographical segment feature in SAP FI-GL, please refer to the official SAP documentation. Additionally, there are many online resources available that provide step-by-step instructions on how to use this feature.