Controlling
In the Controlling (CO) module, the cost accounting is carried out within a controlling area. This isn't necessarily the same as FI, which presents accounts at a company code level. Figure C.3 shows a business setup for CO.
Plain English
Controlling Area A grouping that can be used to aggregate the control of several distinct companies.
Figure C.3. One way a company structure could be set up in CO.
The following statements will help you better understand CO:
A controlling area can contain one or more company codes.
A company code represents a legal entity. A business area is a lower division and is used only for internal accounting. ...
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