How to use same cost center?

Hi Gurus,
I have one controlling are and 2 company codes. I have assigned these company codes to same controlling area. I have observed that cost center is company code specific. In this case, whether we can use same cost center and standard hirachy for both the companie or any other configuration is required.
Kindly guide me in this regard.
Thanks and Regards,
Ganesh.

Hi,
I have created another group of cost centers for the 2nd company code and I have gone to OKB9 transaction for default assignment of cost centers.  Here I got another problem, that is same cost elements for both the company codes. How to handle this situation.
I am using same operational chart of accounts for both the company codes.
Kindly give me your valuables suggessions.
Thanks and regards,
Ganesh.
T

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    set base C:\\Documents and Settings\\tammineedis\\Application Data\\JDeveloper\\system11.1.1.2.36.55.36\\DefaultDomain\\servers\\DefaultServer\\adr
    set homepath diag\ofm\defaultdomain\defaultserver
    create incident problem_key="BEA-101020 [HTTP]" error_facility="BEA" error_number=101020 error_message="null" create_time="2010-01-05 12:27:58.155 -05:00" ecid="0000INzXpbB7u1MLqMS4yY1BGrHn00000K"
    Cause: There was an error executing adrci commands; the following errors have been found "DIA-48415: Syntax error found in string [create home base=C:\\Documents and Settings\\tammineedis\\Application] at column [69]
    DIA-48447: The input path [C:\\Documents and Settings\\tammineedis\\Application Data\\JDeveloper\\system11.1.1.2.36.55.36\\DefaultDomain\\servers\\DefaultServer\\adr] does not contain any ADR homes
    DIA-48447: The input path [diag\ofm\defaultdomain\defaultserver] does not contain any ADR homes
    DIA-48494: ADR home is not set, the corresponding operation cannot be done
    Action: Ensure that command line tool "adrci" can be executed from the command line.
         at oracle.dfw.impl.incident.ADRHelper.invoke(ADRHelper.java:1052)
         at oracle.dfw.impl.incident.ADRHelper.createIncident(ADRHelper.java:786)
         at oracle.dfw.impl.incident.DiagnosticsDataExtractorImpl.createADRIncident(DiagnosticsDataExtractorImpl.java:688)
         ... 19 moreI get the above Error.
    I have checked the bindings and it has 2 instances of the taskflow.
    I have changed the backingbean scope to backingBean

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