Hi Bobby,
If you assign more than one company code to one controlling area, then you need to note the following:
The operative fiscal year variants in the company codes must match the fiscal year variants in the controlling area. The period-end closing in Controlling for all company codes at the same time. Which not possible with separate period-end closing for each company code in Financial Accounting . So it is better to have separate controlling area when the fiscal year variant does not match.
BR
N.Selvakumar.