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.
SAP FICO Course in Noida
SAP 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.
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.
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.
SAP 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.
SAP 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.
SAP 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.
SAP TRAINING INSTITUTE NOIDA
E-365, Sector-15 Noida, Uttar Pradesh
201301
Phone: +91-706-539-0111
Website:-
http://saptraininginstitutenoida.in/best-sap-fico-training-course-noida.html
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