SAP FICO means “Financial Accounting” and “Controlling”. SAP FI and SAP CO are the significant center modules in SAP that are firmly coordinated with one another and help the business organizations to keep up and create financial explanations for compelling dynamics and announcements. FI and CO are various arrangements of books, where the SAP FI manages outside accounting and SAP CO arrangements with interior accounting.
SAP Financial Accounting (FI)
SAP FI module records and keeps up financial transactions of an association progressively consistently and creates financial proclamations (Balance sheets, Profit and Loss accounts, and so on) for outer detailing, SysAppPro Provides the best SAP FICO Training in Noida.
Sub-Modules of SAP FI
General Ledger Accounting — All the postings that are done in SAP are recorded through general ledger(G/L) accounts.
Accounts Payable — Accounts payable collects and maintains all the transactions related to vendor accounts.
Accounts Receivable — It records and maintains all the transactions related to customer accounts.
Bank Accounting — It deals with all the transactions of payments like incoming payments, outgoing payments,
Asset Accounting — SAP FI-AA sub-module deals with all the transactions related to assets.
Travel Management — It deals with all the processes involved in business trip and travel expenses.
SAP CO (Controlling)
SAP CO is one of the important modules of the SAP system as it provides the operational information to management for better decision making. So it takes care of all the requirements for reporting.
Sub-Modules of SAP CO
The important sub-modules of SAP controlling are
Cost Centre — It is an organizational element which is responsible for recording all the expenses that are occurred within an organization. E.g. of cost centers are department, work centers.
Product Costing — This CO sub-module is used to estimate the costs for producing a service or a product.
Profit center — It records and maintains all the profits of an organization.
Profit Analysis — This sub-module helps an organization to track and analyze .
SAP FICO Integration
The reconciliation of SAP FICO with different modules empowers programmed refreshing exchanges to different modules that the postings are done in SAP FICO module. It tends to be coordinated with other SAP modules of Sales and circulation, Material management, Human Resource Management, Production arranging, SAP CRM, etc.
SAP FICO Training in Noida
Our all SAP-FICO Trainers square measure experts of the coaching industry. The SAP FICO Training Course in Noida is intended to suit the business standard program that makes it a 100% Job partner instructive program offered by us.
In this SAP-FICO coaching course you’ll come to become familiar with the basics and each elective essential viewpoints. Check underneath with our total SAP-FICO course program. At the point when fruition of the coaching we tend to furthermore offer extraordinary classifications to those that need to go for SAP-FICO certification.
