How to use FEC7 - Regulatory indicators

SAP Transaction Code - Details

• Transaction Code: FEC7

  Description: Regulatory indicators

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: FERC

    Package Description: IS-U/FERC: Regulatory Reporting

    Parent Package: EA-FERC

  • Module/Component: FI

    Description: Financial Accounting

Smart SAP Assistant

• SAP Tcode: FEC7 - Regulatory indicators

  
  Overview:
  The SAP transaction code FEC7 is used to maintain regulatory indicators in the SAP system. Regulatory indicators are used to identify and classify certain transactions for reporting purposes. 
  
  Functionality: 
  The FEC7 transaction code allows users to create, change, and delete regulatory indicators. It also allows users to assign the indicators to specific transactions and documents. The indicators can be used for reporting purposes, such as for tax or legal compliance. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code FEC7 in the command field. 
  2. Select the “Create” option from the menu bar. 
  3. Enter a name and description for the indicator. 
  4. Select the type of indicator (e.g., tax, legal, etc.). 
  5. Enter any additional information required for the indicator (e.g., country code). 
  6. Save the indicator by selecting “Save” from the menu bar. 
  7. Assign the indicator to a document or transaction by selecting “Assign” from the menu bar. 
  8. Enter the document or transaction number and select “Save” from the menu bar. 
  9. The indicator is now assigned to the document or transaction and can be used for reporting purposes. 
  
  Other Recommendations: 
  It is important to ensure that all regulatory indicators are up-to-date and accurate in order to ensure compliance with applicable laws and regulations. It is also important to regularly review all assigned indicators to ensure that they are still relevant and accurate for reporting purposes.