SAP FICO

SAP is one of the largest providers of enterprise software application towards better enterprise resource planning. SAP stands for Systems, Applications, and Products in Data Processing. Over the years, different modules in SAP were developed for different processes.

SAP Finance and Controlling (FICO) is one of the most widely used SAP modules. SAP FICO module includes SAP FI configuration, SAP CO configuration, SAP Fl user and SAP CO user.

SAP Financial Accounting as the term suggests upgrades finance management in enterprises.
SAP financial accounting module comes with a package that helps organizations in handling financial needs and accounting activities. It allows one to review the financial status of an organization in real time market.

Content:

• Accounts Receivable
• Accounts Payable
• Asset Accounting
• Account Consolidation
• General Ledgers
• SAP Controlling includes SAP CO configuration and SAP CO user and consists of master data, configuration and reporting.
• Topics Covered in Class:
• SAP ERP Overview & Navigation | Procure to Pay Process | Order to Cash Process | General Ledger
• Accounting | Accounts Payable Business Process | Accounts Receivable Business Process | Bank Related
• Accounting Business Process | Financial Statement Creation Business Process
• Track cost heads and make future plans accordingly
• Keep a track of costs for specialized events and assign them to appropriate departments
• Avail activity based costing across processes
• Manage product costing, production costs and variances
• Build reports on sales and profitability ensured through a product or an internal measurement