This article will help us in setting some financial settings for enterprise structure which includes controlling area.
Controlling Area
The controlling area is a business organisational unit for which a closed system may do an entire cost accounting. If necessary, a controlling area may have one or more company codes that can transact in multiple currencies.
Maintain Controlling Area
Path -> SPRO -> SAP implementation guide -> Enterprise Structure -> Definition -> Controlling – > Maintain Controlling Area
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Click on the second option -> Maintain Controlling Area and click New Entries. You have to fill out the data.
![](https://manageadora.com/wp-content/uploads/image-52.png)
![](https://manageadora.com/wp-content/uploads/image-53.png)
Save the details and go back to the SPRO
Assign Controlling Area to the Company Code
Go to path -> SPRO -> SAP implementation guide -> Enterprise Structure -> Assignment -> Controlling -> Assign Company code to Controlling area.
![](https://manageadora.com/wp-content/uploads/image-54.png)
In position type your controlling area and select the left corner option – Assignment of company code as shown in the figure
![](https://manageadora.com/wp-content/uploads/image-55.png)
Click on new entries and add the company code and company name as shown below in the figure.
![](https://manageadora.com/wp-content/uploads/image-56.png)
Save the data.
T.Code -> OBY6 (Company Code Global Data)
Click on Position and enter your company code. You will get your CoCd at the top as shown below in the figure.
![](https://manageadora.com/wp-content/uploads/image-57.png)
Double-click your CoCd – T000 and check whether all the details entered are correct or not.
![](https://manageadora.com/wp-content/uploads/image-58.png)
Here you need to check – Chart of accounts, Fiscal year variant and Company data are filled correctly or not.
T.code -> OMSY (Material Management Views on Company Codes)
![](https://manageadora.com/wp-content/uploads/image-59.png)
Add your CoCd to the position box.
![](https://manageadora.com/wp-content/uploads/image-60.png)
![](https://manageadora.com/wp-content/uploads/image-61.png)
Check the current month and current year are correct.
OMSY and OBY6 are one-time activities and you need to check whether the entries are correct or not or else your other configurations won’t work properly.
I hope this article was useful to you.