Functional areas are used to analyse Cost of Sales Accounting. It’s used to report results under the cost-of-sales accounting approach. Functional areas defined for manufacturing, sales, distribution, administration, R&D, etc.
Category Archives: SAP FI
The financial management area is an organizational unit within accounting. The financial management area structures the business organization from the perspective of Cash Budget Management and Funds Management.
After configuration of Financial Management Area, it needs to be assigned to company code. The link between the Financial Management Area and Company code is established through Assignment.
A credit control area is an organizational unit used for specifying and controlling customer credit limits. A credit control area can include either one or more company codes.