Last Updated on August 13, 2022 by admin
This SAP Fico tutorial guides you on how to define the financial management area in SAP.
Financial Management Area in SAP
Financial Management Area in SAP {FM Area} is an important organizational unit used in funds management and budget management in SAP.
Menu Path: Implementation Guide for R/3 Customizing (IMG) -> Enterprise Structure -> Definition -> Financial Accounting -> Define FM Area.
Steps to create financial management area in SAP
Step 1: Enter the SPRO t-code in the SAP command field and press enter
Step 2: Click SAP Reference IMG.
Step 3: In the next screen, follow the menu path and click on define financial management area.
Step 4: Click on new entries to maintain the financial management area in SAP.
Step 5: Now enter the following details.
- FM Area – Enter 4 digits alphanumerical key for Financial Management Area in SAP
- FM Area Text – Enter the description of the Financial Management area
- FM Area Currency – Enter FM area currency
Click on the save icon and save the maintained FM area in SAP.
Thus we have created new financial management areas {FM Areas} AD01, AD02, AD03, and AD04 in SAP.
Continue to read and learn – how to define FM area in SAP Hana.