How to use OFDA - FM Areas - Year-Dependent Parameters

SAP Transaction Code - Details

• Transaction Code: OFDA

  Description: FM Areas - Year-Dependent Parameters

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: FMBS

    Package Description: FIFM: Basis

    Parent Package: APPL

  • Module/Component: FI-FM

    Description: Funds Management

Smart SAP Assistant

• SAP Tcode: OFDA - FM Areas - Year-Dependent Parameters

  
  Overview: 
  The SAP transaction code OFDA is used to maintain year-dependent parameters for FM areas in the SAP system. It is used to define the parameters for a particular FM area, such as the fiscal year, currency, and chart of accounts. 
  
  Functionality: 
  The OFDA transaction code allows users to maintain the parameters for a particular FM area. This includes setting the fiscal year, currency, and chart of accounts. It also allows users to set up the budgeting and planning parameters for the FM area. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code OFDA in the command field. 
  2. Enter the FM area you want to maintain in the FM Area field. 
  3. Enter the fiscal year in the Fiscal Year field. 
  4. Enter the currency in the Currency field. 
  5. Enter the chart of accounts in the Chart of Accounts field. 
  6. Set up any budgeting and planning parameters you need for this FM area. 
  7. Save your changes by clicking on the save button at the top of the screen. 
  
  Other Recommendations: 
  It is important to ensure that all of your settings are correct before saving your changes with this transaction code. If you make any mistakes, it can cause problems with your financial reporting and budgeting processes. Additionally, it is recommended that you back up your settings before making any changes with this transaction code, just in case you need to revert back to a previous version of your settings.