How best and Simple it can be designed in Fi- CO to get the Cost & Profi

Question

for my client they  are into 4 Divisions of the Business, Say they get the revenue from Segment A,B,C, & D  and in each segment they takeup the different Projects say (1,2,3,4,5,..........n)  and spend the Costs accordingly as per the Projects.Each projects may take more than 1 yr to complete and some it takes less time than a Year.
Can any ones pls advise me How best and Simple  it  can be  designed in Fi- CO to get the Cost analysis and profit analysis for each Project in Each segment ? Pls help me with a simple example.
Maximum Points will be awared for the optimal solution.

Answer 1

Hi:
4 divisions of business.
In Cost center accounting, create 4 cost center groups which represents four divisions.
In each divsion, there are departments which incur costs.
each department is a cost center.assign the cost center to cost center group.
Ex: Finance Department,HR Department,Sales Department etc
In Profit center Accounting,create 4 profit center groups which represents four divisions.Identify the profit centers in each division and attach them to that particular profit center group..
Please let me know if you need more information.
Assign points if useful.
Regards
Sridhar M