Hi
Functional area is used in cost of sales accounting. It is used to register expenses through different functional areas.
FM area is used in fund management module.
Profit centre is used for managing profit centres in a company code. You can create self-sufficient balance sheets and income states for a profit centre. It is a company inside a company concept.
Segment is a region or division of a company's business which deals with a responsibility such as a product group or a business division. This can enable you for segment reporting under the statute. Say for example if you have four types of products, cars, lorries, two-wheelers, heavy trucks.. Under segment reporting, you will be required to report the activity of these segment (earning revenue 10% or more of the total revenue or asset investment of 10% or more..please check the relevant law). Segment definition would be a solution for this.
Regards
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