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In SAP, Controlling area is an organizational element which is responsible for management of costs and profits. The relation between controlling area to company code is one to many relationship, so one or many company codes can be linked to a single controlling area.
When you create master data, the system always assigns the Controlling objects to a controlling area and a company code. The level of detail provided by the Controlling component enables you to track specific information for cost monitoring, business decisions and sales control.
How to Set Up Controlling Area in SAP Hana - To maintain controlling area in SAP S4 Hana, execute t-code OKKP and create new CO area, assign company codes and activate components.
Sep 23, 2023 · Discover the importance of the Controlling Area in SAP for managing costs and profits. Learn how to configure the organization structure and maintain CO areas. Controlling is a module in SAP that helps Planning, Managing, Analyzing and Reporting related to Costs and profits.
Sep 18, 2017 · This tutorial will look at one of the organizational units, SAP Controlling Area, on a more detailed level. The intent is to help you understand how the Controlling Area organizes postings within the CO module and how it integrates with Financial Accounting (FI).
The controlling area (CO area) is an organizational unit that represents a cost accounting system. It ensures a common structure for the following elements across all company codes (in the leading ledger) that are assigned to it: Chart of accounts. Each controlling area has one common chart of accounts.
Aug 4, 2020 · What are the new options for the other planning areas in Controlling like cost center, internal order or project planning in SAP S/4HANA? A complete summary of SAP planning applications, you can find in the blog Financial Planning Options in S/4HANA .
Sep 5, 2021 · In a previous tutorial, you were introduced to the CO module and given definitions of the key high level organizational units, areas of functionality, and master data. This tutorial will look at one of the organizational units, SAP Controlling Area, on a more detailed level.
The Controlling Area is an organizational object that is part of the Controlling (CO) module and is used for internal management accounting purposes, managing costs and revenue. No balance sheet accounts are used in Controlling.
The following SAP CO tutorials guides you how to maintain controlling area settings step by step. The controlling area settings enables the configuration of standard hierarchy, profit center reporting currency type, Valuation views ALE distribution method and controlling indicators.
