Hi Madurapriya,
I have seen both examples. You can use profit centers as divisions within company codes (then you would have each PC linked to one CoCd) or as another characteristic crossing company codes (e.g., if a global retailer has multiple brands of stores operating in various countries, then they can use one company code per country but one profit center per brand (chain) which would be shared across company codes). The advantage of the second approach is, that in this example you can easily create global financial reports per brand (disregarding legal entities), just by looking at profit center figures. With the first approach, you would need to add multiple profit centers to achieve the same result.
So, business-wise, it seems to me that profit centers shared by multiple companies make most sense if you need to create a "grid structure" that would allow you to easily add together same activities / brands / business lines etc. across legal entities. This is most useful with relatively homogeneous global businesses. If every legal entity is different, with a strong autonomy and its own reporting requirements, then profit centers specific by company code make more sense.
Technically, sharing of profit centers requires to have a shared controling area, which in turn requires a common chart of accounts, fiscal year variant and (group) currency.
This is all what comes to my mind. Others may add more thoughts. Good luck!
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