Central organizational unit for Cash Budget Management and Funds Management.
Financial management (FM) areas subdivide an organization into units in which you can carry out independent cash budget management and independent funds management.
An FM area can cover one or more company codes. You can then carry out cash budget management and funds management across company codes. An FM area can also be identical to a company code.
To transfer costs and revenues from Controlling, you must also assign controlling areas to an FM area.