What is CIIU code in SAP FI - Financial Accounting?

SAP Term: CIIU code

• Component: FI

• Component Name: Financial Accounting

• Description: An activity classification code clasificación industrial internacional uniforme, published by Colombia's statistical office DANE. For example: 15302 Processing milk beverages 1562 Threshing coffee 1563 Roasting and milling coffee The codes are based on the International Standard Industrial Classification ISIC codes published by the United Nations Statistics Division.

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• Key Concepts: 
  The CIIU code (Clasificación Industrial Internacional Uniforme) is a classification system used by SAP FI Financial Accounting to categorize business activities. It is based on the International Standard Industrial Classification of All Economic Activities (ISIC) and is used to classify businesses according to their economic activities. 
  
  How to use it: 
  In SAP FI Financial Accounting, the CIIU code is used to assign a specific code to each business activity. This code is then used to identify the activity in the system and to generate reports. The CIIU code can be found in the master data of the company, and it can be changed if needed. 
  
  Tips & Tricks: 
  When assigning a CIIU code to a business activity, it is important to make sure that the code is accurate and up-to-date. This will ensure that the reports generated are accurate and that the activity can be identified correctly in the system. 
  
  Related Information: 
  The CIIU code is part of the International Standard Industrial Classification of All Economic Activities (ISIC). For more information about this classification system, please visit the official website of the United Nations Statistics Division (UNSD).