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1.
2. For those who aspire to become Finance or
Accounting Professional, who wish to pursue some
creative stuff SAP FICO is an ultimate package.
SAP Financial Accounting (FI) is an important core
module where in live-time, the financial processing
transactions are all captured to provide the basis via
which data is drawn for external reporting. This SAP
FI Module is integrated with many parallel modules
that enable a company to unify processes that may
have needed the utilization of many software
packages.
3. Other Modules of SAP that commonly find a role
of integration with FI are (but not limited to)
Material
Management (MM), Sales & Distribution (SD),
Human Resources (HR), Product Planning (PP),
Controlling
(CO), etc. Amongst these CO – Controlling is
another major focus for those coming from the
Finance/Accounting/Auditing/Budgeting and
Financial Reporting/Analysis
Backgrounds/Professions.
4. SAP FI: There are many sub-modules that streamline
and specialize in each aspect of the Financial
Accounting Processes:
AA – Asset Accounting
AP – Accounts Payable
AR – Accounts Receivable
BL – Bank Accounting
FM – Funds Management
GL – General Ledger Accounting
LC – Legal Consolidations
SL – Special Purpose Ledger
TM – Travel Management
5. The SAP Controlling (CO) Module’s
Components are:
Cost Element Accounting
Cost Controlling
Cost Center Accounting
Internal Orders
Activity-Based Costing
Product Cost Controlling
Profitability Analysis
Profit Center Accounting
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