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SAP® is counted amongst the software line, which is broadly used to provide ERP (Enterprise Resource Planning) solutions.

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all about sap fico

All about SAP®FICO

Let’s get started!

objectives
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® 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
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® 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
Functional Components of Financial Accounting
  • General Ledger
  • Accounts Payables
  • Fixed Assets
  • Accounts Receivables
functional components of controlling
Functional Components of Controlling
  • Cost Center Accounting
  • Internal Orders
  • Profit Center Accounting
  • Profitability Analysis
  • Product Costing
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