Define Business Area in SAP FiCo

Definition:
An organizational unit of financial accounting that represents a separate area of operations or responsibilities within an organization and to which value changes recorded in Financial Accounting can be allocated.

You can create financial statements for business areas, and you can use these statements for various internal reporting purposes.

Define Business Area
Menu Path: IMG – Enterprise Structure – Definition – Financial Accounting – Define Business Area.
T Code : OX03

Steps:
Click ‘New Entries’
1. Enter 4 Digit Code
2. Enter Name of the
Business Area
3. SAVE the settings