Title: SAP FICO Course in Noida
1SAP FICO Tutorial
- SAP FI stands for Financial Accounting and it is
one of the important modules of SAP ERP. It is
used to store the financial data of an
organization. SAP FI helps to analyze the
financial conditions of a company in the market.
It can integrate with other SAP modules like SAP
SD, SAP PP, SAP MM, SAP SCM, etc. - SAP Controlling (CO) is another important SAP
module offered to an organization. It supports
coordination, monitoring, and optimization of all
the processes in an organization. SAP CO includes
managing and configuring master data that covers
cost and profit centers, internal orders, and
other cost elements and functional areas.
2- This is an introductory tutorial that covers the
basics of SAP FICO and how to deal with its
various modules and sub-modules. - SAP FI stands for Financial Accounting and it is
one of the important modules of SAP ERP. It is
used to store the financial data of an
organization. SAP FI helps to analyze the
financial conditions of a company in the market.
It can integrate with other SAP modules like SAP
SD, SAP PP, SAP MM, SAP SCM, etc.
3- SAP FI comprises of the following sub-components
- - Finance Accounting General Ledger.
- Finance Accounting Accounts Receivable and
Payable. - Finance Accounting Asset Accounting.
- Finance Accounting Bank Accounting.
- Finance Accounting Travel Management.
- Finance Accounting Fund Management.
- Finance Accounting Legal Consolidation.
4SAP CO - Overview
- SAP Controlling (CO) is another important SAP
module offered to an organization. It supports
coordination, monitoring, and optimization of all
the processes in an organization. SAP CO involves
recording both the consumption of production
factors and the services provided by an
organization. - SAP CO includes managing and configuring master
data that covers cost and profit centers,
internal orders, and other cost elements and
functional areas. - The main purpose of the SAP controlling module is
planning. It enables you to determine variances
by comparing actual data with plan data and thus
enables you to control business flows in your
organization.
5SAP CO Integration with Financial Accounting
- Both SAP CO and SAP FI modules are independent
components in a SAP system. The data flow between
these components takes place on a regular basis. - Data flows relevant to cost flows to Controlling
from Financial Accounting. At the same time, the
system assigns the costs and revenues to
different CO account assignment objects, such as
cost centers, business processes, projects or
orders.
6SAP FICO Course in Noida
- SAP FICO is actually a part of SAP ECC accounting
function which integrates SAP Logistics,
including production planning, sales and
distribution, material management, quality
management, etc. It stands for SAP FI (Financial
Accounting) and SAP CO (Controlling). The purpose
of this module is to help the companies in
generating and managing financial statements for
effective business planning and decision-making.
Nevertheless, both the FI and CO modules store
the financial transactions data. Today we will be
talking about the modules of SAP FI (Financial
Accounting) and SAP CO (Controlling). SysAppPro
Provides the SAP FICO Course in Noida to learn
the functions of these modules.
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