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Difference Between SAP FI and SAP CO Modules

The key difference between SAP Financial accounting and Controlling. It covers all the major difference points between the modules.

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Difference Between SAP FI and SAP CO Modules

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  1. DifferenceBetweenSAPFIandSAPCOModules. SAPFISub-Modules: GeneralLedger: Thegeneralledgercontainsalltheorganization'sfinancialdata.All financialentries arestoredwithinit,andthisdataisutilizedbyothermodulesforreconciliation. AccountsReceivable: Accountsreceivableisasub-ledger inaccounting.Itrecordsallcustomersales activitiesandgeneratesautomaticpostings inthegeneral ledger. AccountsPayable: Itisthesub-ledgeraccountingtypeofaccounting.Irecordallvendorpurchase activitiesandautomaticallyupdatesthe generalledger. SAPFICOcourse inPune

  2. BankLedger: • Thebankledgerincludesalltransactionsrelatedtotheorganization's bankaccounts. • Thispartofthesystemchecksandmatchesthetransactions frombank statements withthoserecordedinthesystem. • AssetAccounting: • Theassetaccounting sub-modulemanagesalltheassetsofanorganizationsuchasthe • land,building,machinery,equipmentandproperty.Itkeepsarecordofthe transactionsrelated to retirement,depreciation,revaluationand so on. • FundsManagement: • TheFundmanagementmanagesthebudgetfororganizationsrevenuesand expenses. • SAPCOSub-Modules: • CostElement: • Thecostelementprovidesalltheorganizationscostsandrevenues basedontheprofit andlossstatements. • CostCentreAccounting: • CostCentreonlyrequiresonlytheexpensesnotrevenues.Itdealswiththecost associatedwithorganizationsinternaldepartmentssuchasthesales,production, • marketingandhumanresources. • ProfitCentre: • Theprofitcentredealswithboththeexpensesandrevenuesofanorganization.It handlesallthecostdatarelatedtothe business. • InternalOrders: • Internalorder managesthecostofnon-fixedassetsorsmallerinternalprojects.For example, limitedtimeadvertisement. • ProfitabilityAnalysis: • The profitabilityanalysissub-module allowsthe organizationtoanalysethe • profitabilityoftheiroperationsusingadata-ledapproach. Itworksbyanalysing profitabilityoverdifferentlevelsofdetail,includingregion,demographics,product typeor specificchannel.Thisallowstheorganizationsto identifytheirstrengthsand planforthefuture.Italsoallowsforbuildingstrategiesaroundproductpricing,target marketsandbusinessexpansioninto different regions. SAPFICOcourse inPune

  3. Conclusion: TheSAPFIandSAPCO modulesare integratedmodulesthathavemanyfeaturesand functions.Thismodulehelpsorganizationsinfinancialmanagement,analysis forecastingetc.Bothofthemodulesconsistofmanysub-moduleseachofthem havingadifferentfunctionin-built inthem. SAPFICOcourse inPune

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