What is division in SAP IS-U-MD - Master Data?

SAP Term: division

• Component: IS-U-MD

• Component Name: Master Data

• Description: A company-specific attribute of the division category that is predefinedby the Utilities Industry IS-U component. One or more divisions are allocated to the division category. For example, a utility company might divide the division category water into drinking water and waste water.

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• Key Concepts: 
  Division is a component of the IS-U-MD Master Data module in SAP. It is used to define the organizational structure of a company and to assign different areas of responsibility to different divisions. It also allows for the creation of cost centers and profit centers, which are used to track and analyze financial performance. 
  
  How to use it: 
  Division can be used to create a hierarchical structure within a company. This structure can be used to assign different areas of responsibility to different divisions, such as sales, marketing, finance, and operations. It can also be used to create cost centers and profit centers, which are used to track and analyze financial performance. 
  
  Tips & Tricks: 
  When creating divisions in SAP, it is important to ensure that the structure is logical and easy to understand. This will make it easier for users to navigate the system and find the information they need. Additionally, it is important to ensure that all divisions are properly assigned cost centers and profit centers so that financial performance can be accurately tracked and analyzed. 
  
  Related Information: 
  Division is closely related to other components of the IS-U-MD Master Data module, such as Cost Center and Profit Center. Additionally, Division is often used in conjunction with other modules in SAP, such as Financial Accounting (FI) and Controlling (CO).