Define field group in general ledger accounting

Question

what is the use of 'define field groups', which comes under general ledger accounting- master date- additional activities, & how can we assign it?

Answer 1

Dear Siddhi,
In IMG under
Financial Accounting -> General Ledger Accounting -> G/L Accounts -> Master Data -> Preparations or
Financial Accounting (New) -> General Ledger Accounting (New) -> Master Data -> G/L Accounts -> Preparations
Field groups:
Screen Fields are grouped into field groups. Field Status would idnentify the staus of particular field where as field status group would identify the status of group of fields.
Example:
Account control 
Account managemen
Document entry  
Bank/financial de
Interest calculat
Joint venture   
These groups would intern have fields.
When creating a G/L account, you must specify an account group.                                                                               
The account group determines:                                         
o   the interval in which the account number must be
o   which fields are required and optional entries when creating and changing master records
o   which fields are suppressed when creating and changing master data.
It enables you to control the layout of screens.
You use account groups to combine accounts according to the above criteria (for example, a P&L account group, asset account group and material account group).                                              
Hope this will help.
Regards,
Naveen.