What is segment in SAP FI - Financial Accounting?

SAP Term: segment

• Component: FI

• Component Name: Financial Accounting

• Description: A division of a company that can create its own financial statements for external reporting. A segment can be entered in the master record of a profit center. The segment is then derived from the assigned profit center during posting.

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• Key Concepts: 
  Segment is a feature of the SAP Financial Accounting (FI) module that allows users to divide their company’s financial data into smaller, more manageable pieces. This allows users to better analyze and report on their financial data. Segments can be used to group data by cost centers, profit centers, or other criteria. 
  
  How to use it: 
  In order to use segments in SAP FI, users must first define the segments in the system. This is done by creating a segment structure in the system, which defines the characteristics of each segment. Once the segment structure is defined, users can assign segments to each account in the system. This allows users to easily view and analyze data by segment. 
  
  Tips & Tricks: 
  When creating a segment structure, it is important to consider how the segments will be used. For example, if you are using segments to group data by cost centers, it is important to make sure that each cost center has its own unique segment. This will make it easier to analyze and report on the data. 
  
  Related Information: 
  For more information on using segments in SAP FI, please refer to the SAP Help documentation or contact your local SAP support team.