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• Sap Fico Model

SAP FICO Tutorials. is the important module of all SAP implementations.

SAP FI ( Financial Accounting ) is used for external reporting i.e Balance sheet, Profit and Loss statements. Module integrates with various other SAP Modules such as (Materials Management), PP (Production Planning), PM (Plant Maintenance),and PS (Project Systems). SAP FI (Financial Accounting) Module receives postings from various other modules such as, Sales and Distribution, Human Resource) through integration. All accounting-relevant transactions which are made in Logistics (LO) are posted real-time to Financial Accounting by automatic account determination. This data can also be passed on to Controlling (CO).

SAP FI Modules contains the following sub-modules. General Ledger accounting. Accounts Payable. Bank Accounting. Consolidation. Special Purpose Ledger. Travel Management General Ledger Accounting:- The general ledger accounting is to provide a complete report for external and internal accounting i.e Accounts, Journals, Monthly debits and Credit, Balance sheet and Recording all business transactions.

Accounts Payable:- The Accounts Payable records and manages all accounting data related to vendors Accounts Receivable:- The Accounts receivable records and manages all accounting data related to Customers Asset Accounting:- Asset Accounting is utilized for managing your company’s Assets. SAP allows you to categorize assets and to set values for depreciation calculations in each asset class. Bank Accounting:- Bank accounting is used to manage the bank transactions in the system including cash management. Consolidation: –Consolidation enables the combining of financial statements for multiple entities within an organization. These financial statements provide an overview of the financial position of the company as a whole. Funds Management:- Funds Management manages budgets for revenues and expenses within your company as well as track these in the area of responsibility.

Special Purpose Ledger:- Special purpose ledger is used to define ledgers for reporting purposes. Travel Management:- Travel Management provides management of all travel activities including booking trips and handling of expenses associated with travel.,. SAP CO Module:- what is sap fico? SAP Controlling plays an important role for the management decision making and CO Module is used for the internal reporting purpose.

Controlling Area is the organization unit used to represents the controlling activities of Cost Center accounting, Profit Center Accounting, Product Costing, and Profitability etc. SAP CO Module contains the following sub-modules:-. Cost Element Accounting. Cost Center Accounting. Profit Center Accounting.

Internal Orders. Product Cost Controlling. Profitability Analysis Read More – FICO configuration, real time scenarios, step by step with explanation and screen shots.

SAP FICO Online Training What is SAP FICO SAP FICO Stands for FI (Financial Accounting) and CO (Controlling). SAP FICO is the important module of ERP and both FI and CO modules stores the financial transactions data. What is SAP FI SAP Financial Accounting (FI) is the core module where all the financial processing transactions are captured. This is the module that is used to create statutory Financials Statements for external reporting purposes.

Functions in SAP FI can primarily be divided into General Ledger Accounting (G/L), Accounts Receivable and Accounts Payable(AR/AP) processing, and Fixed Asset Accounting(AA). What is SAP CO SAP Controlling module helps provide operational information to the management of a company to support business analysis and decision-making. CO represents the internal accounting viewpoint of an organization. It provide information to managers to help manage costs and operations of the organization.

Sap Fico Model

Who is Eligible: Any Graduates/Post Graduates are eligible. Any technical background consultants are eligible to learn SAP FICO Online training.