What is application context in SAP FI - Financial Accounting?

SAP Term: application context

• Component: FI

• Component Name: Financial Accounting

• Description: Data extracted from an application when a service request is created. It provides the content of the service request, such as the attributes, notes, and objects.

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• Key Concepts: 
  Application context is a term used in SAP Financial Accounting (FI) to refer to the current settings of the system. It includes information such as the company code, fiscal year, and chart of accounts. This information is used to determine which data is displayed and how it is processed. 
  
  How to use it: 
  Application context can be set manually or automatically. To set it manually, go to the “Settings” tab in the SAP system and select “Application Context”. From there, you can select the company code, fiscal year, and chart of accounts that you want to use. To set it automatically, you can use a program or script that will set the application context based on certain criteria. 
  
  Tips & Tricks: 
  It is important to make sure that the application context is set correctly before running any transactions or reports in SAP FI. This will ensure that the data displayed and processed is accurate and up-to-date. 
  
  Related Information: 
  For more information on application context in SAP FI, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_FI/6.0/en-US.