Maintain FM Area

Create Financial Management Area:

In this phase, you establish your financial management (FM) areas. The FM area serves as an organizational unit within accounting, organizing the business structure with a focus on Cash Budget Management and Funds Management.

You will define the functional attributes of FM areas distinctly for both Cash Budget Management and Funds Management in the implementation guide tailored for each area.

To leverage the extensive integration capabilities of the SAP system, it is essential to connect the FM areas with organizational units from other applications. For instance, when you link a Financial Accounting document to a Funds Management object (such as a commitment item or funds center), the system must identify an FM area to accurately record the data in Funds Management. Therefore, it is necessary to outline the criteria for determining the relevant FM area.

The FM area is derived from the company code when you associate a company code with an FM area. It is possible to assign multiple company codes to a single FM area.

This assignment is completed in the subsequent step by linking the company code to an FM area.

Menu Path:

SPRO-SAP Reference IMG-Enterprise Structure-Definition-Financial Accounting-Define Maintain FM Area.



Transaction code:

OF01



Select the new entries.



Create your FM areas under a four-character key and define a name and currency for each FM area you create.

Click the save button



Click the tick mark icon.



The data was saved.



Click the back button

Financial Management Area: KK16 has been successfully established.