Control Document Posting for value range

Hi All,
I have requirment in which if a user tries to post a doument via T Codes ( FB01, FB50, FB60, FB70, FBV2 and a custom program which would use BAPI / BDC) and if the total amount of the document ie >999 $, the document should not get posted instead it should get parked and a workflow should be triggered for Approval.
I think i need to use FIPP~CREATED event to trigger the workflow.
But is there any FI configuration that i need to do so that the document does not get posted but automatically gets parked if it's value >999 $ and user tries to post it.
How can I achieve this functionality of not allowing a user to Post but to Park if amount >999$.
I tried searching BAIDs not able to fnid a suitable BADI.
What is the functionality of configuration in tcodes OBWA and OBWJ.
Thanks in advance.
-Sameer.

Hi Atif,
Thanks for the response.
How can we do this using Exit / BADI?
Is it that we will have to display an error message to the user that he cannot post the document for the particular amount and will have to select/click the PARK option instead of POST option ?
Thanks,
Sameer.

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