For those who aspire to become Finance orAccounting Professional, who wish to pursue somecreative stuff SAP FICO is an ultimate package.SAP Financial Accounting (FI) is an important coremodule where in live-time, the financial processingtransactions are all captured to provide the basis viawhich data is drawn for external reporting. This SAPFI Module is integrated with many parallel modulesthat enable a company to unify processes that mayhave needed the utilization of many softwarepackages.
Other Modules of SAP that commonly find a roleof integration with FI are (but not limited to)MaterialManagement (MM), Sales & Distribution (SD),Human Resources (HR), Product Planning (PP),Controlling(CO), etc. Amongst these CO – Controlling isanother major focus for those coming from theFinance/Accounting/Auditing/Budgeting andFinancial Reporting/AnalysisBackgrounds/Professions.
SAP FI: There are many sub-modules that streamlineand specialize in each aspect of the FinancialAccounting Processes:AA – Asset AccountingAP – Accounts PayableAR – Accounts ReceivableBL – Bank AccountingFM – Funds ManagementGL – General Ledger AccountingLC – Legal ConsolidationsSL – Special Purpose LedgerTM – Travel Management
The SAP Controlling (CO) Module’sComponents are:Cost Element AccountingCost ControllingCost Center AccountingInternal OrdersActivity-Based CostingProduct Cost ControllingProfitability AnalysisProfit Center Accounting
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