Summary -

In this topic, we described about the below sections -

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.

The FM area is taken from the company code when company code assigned to an FM area. Either one or more company codes can be assigned to FM area.

Create FM Area: -

Below process is to create Functional Management Area TFMA (Test FM Area).

Step-1: Enter the transaction code OF01 in the SAP command field and click Enter to continue.

Financial Management Area

(OR)

Enter the transaction code SPRO in the SAP command field and click Enter to continue.

Financial Management Area

Click on SAP Reference IMG.

Financial Management Area

Expand SAP Customizing implementation guide → Enterprise Structure → Definition → Finance Accounting → Maintain FM Area. Click on Execute.

Financial Management Area

Step-2: In the next screen, click on New Entries.

Financial Management Area

Step-3: Enter the below details in the next screen.

  • FM Area – Enter the four-digit alphanumeric FM Area Code
  • FM Area Text – Enter the FM Area Text Description
  • FM Area Currency – Specify the FM Area Currency
Financial Management Area

Step-4: Once all the details entered, click on Save button to save the details.

Financial Management Area

Step-5: It prompt for the Change Request. Create/Select the change request and Click on right mark to proceed.

Financial Management Area

Step-6: Status bar displays the below message once the FM Area created successfully.

Financial Management Area

Technical Information: -

  • Transaction Code: - OF01
  • Navigation path: - SPRO → SAP Reference IMG → SAP Customizing implementation guide → Enterprise Structure → Definition → Finance Accounting → Maintain FM Area
  • Database Table: - FM01 (Financial Management Areas Table).