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By design CO is controlled by Controlling Area for almost all processing actions. You can control the display and some activities around reporting, budget planning and master data maintenance using the cost center hierarchy. If this hierarchy mirrors your company code structure it may serve your purposes. MM controls are based on plants, purchasing organizations and purchasing groups. Plants are typically set up for one company code so adding all the plants for one company to a user's role may mirror your company code security. FI organizational security is based on company code.
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