What is corporation ID in SAP FI - Financial Accounting?

SAP Term: corporation ID

• Component: FI

• Component Name: Financial Accounting

• Description: A number used to identify a company, in South Korea.

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• Key Concepts: 
  A corporation ID is a unique identifier assigned to a company or organization in SAP Financial Accounting (FI). It is used to differentiate between different companies or organizations that use the same SAP system. The corporation ID is also used to identify the company or organization in various reports and transactions. 
  
  How to use it: 
  The corporation ID is used to identify the company or organization in various reports and transactions. It is also used to differentiate between different companies or organizations that use the same SAP system. The corporation ID can be found in the company code master data in the SAP system. 
  
  Tips & Tricks: 
  When entering a new company or organization into the SAP system, make sure to assign a unique corporation ID to it. This will help differentiate between different companies or organizations that use the same SAP system. 
  
  Related Information: 
  The corporation ID is related to other master data such as company code, business area, and chart of accounts. It is important to ensure that all of these master data are correctly assigned and updated in order for the corporation ID to be effective.