All about SAP® FICO Let’s get started!
Objectives • • • •
SAP® as an ERP system Advantages of SAP® SAP® Modules Functional Components of Financial Accounting • Functional Components of Controlling
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 company’s major business processes like Accounting, Production, HR, Sales to name a few.
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
SAP® Modules • SAP® covers multiple modules amongst which SAP® FICO is one of the most prominent and preferred SAP® modules. Let’s 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.
Functional Components of Financial Accounting
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General Ledger Accounts Payables Fixed Assets Accounts Receivables
Functional Components of Controlling
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Cost Center Accounting Internal Orders Profit Center Accounting Profitability Analysis Product Costing
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