All about SAP® FICO

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All about SAP FICO

• Lets get started!

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Objectives

• SAP as an ERP system
• Advantages of SAP
• SAP Modules
• Functional Components of Financial Accounting
•  Functional Components of Controlling

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SAP as an ERP system

• SAP is counted amongst the software line, which
  is broadly used to provide ERP (Enterprise
  Resource Planning) solutions.
• It is an amalgamation of Business Management
  Practices and Technology.
• By using SAP as an ERP system, IT integrates
  with companys major business processes like
  Accounting, Production, HR, Sales to name a few.

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Advantages of SAP

• Integration of various modules
• Reduced Manpower
• Flexible Structure
• User Friendly
• Faster and Cheaper
• Desktop Integration
• Real Time Reporting
• Increases Investment Potential
• Used in Multiple Countries

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SAP Modules

• SAP covers multiple modules amongst which SAP
  FICO is one of the most prominent and preferred
  SAP modules. Lets get an understanding about
  the SAP FICO modules
• SAP FI module plays a crucial role in order to
  help the organizations in the impactful handling
  of financial matters.
• SAP CO includes methods that aid in viewing and
  organizing the costs that are required to create
  financial reports.

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Functional Components of Financial Accounting

• General Ledger
• Accounts Payables
• Fixed Assets
• Accounts Receivables

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 Functional Components of Controlling

• Cost Center Accounting
• Internal Orders
• Profit Center Accounting
• Profitability Analysis
• Product Costing

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