INTRODUCTION
SAP stands for System Application and Products in data Processing. SAP FICO is one of the most widely used SAP module. SAP FICO module includes SAP FI configuration and SAP CO configuration. SAP FI module records and maintains the financial transaction of the organisation for external reporting. SAP CO module deals with internal accounting. SAP FICO modules can be integrated with other SAP modules like SD (Sales and Distribution), MM (Material Management), HR(Human Resource), PP (Production Planning), QM (Quality Management), PS (Project System) etc.
FI stands for Financials CO stands for Controlling
SAP was released in 1972 - Head quarters in Germany.
What is ERP?
ERP stands for Enterprise Resource Planning, it integrates all functions into one system.
There are many departments in an organisation. ERP integrates all the function into one system. It facilitates free flow of data among various departments.
Area Covered under SAP CO
The CO Module supports the processing, planning, reporting and monitoring the business operations. It involves around managing the cost and increasing profitability.
CO:
1. Cost Element Accounting
2. Cost Center Accounting
3. Internal Orders
4. Profit Center Accounting
5. Product Costing
6. Profitability Analysis
SAP stands for System Application and Products in data Processing. SAP FICO is one of the most widely used SAP module. SAP FICO module includes SAP FI configuration and SAP CO configuration. SAP FI module records and maintains the financial transaction of the organisation for external reporting. SAP CO module deals with internal accounting. SAP FICO modules can be integrated with other SAP modules like SD (Sales and Distribution), MM (Material Management), HR(Human Resource), PP (Production Planning), QM (Quality Management), PS (Project System) etc.
FI stands for Financials CO stands for Controlling
SAP was released in 1972 - Head quarters in Germany.
What is ERP?
ERP stands for Enterprise Resource Planning, it integrates all functions into one system.
There are many departments in an organisation. ERP integrates all the function into one system. It facilitates free flow of data among various departments.
Area Covered under SAP CO
The CO Module supports the processing, planning, reporting and monitoring the business operations. It involves around managing the cost and increasing profitability.
CO:
1. Cost Element Accounting
2. Cost Center Accounting
3. Internal Orders
4. Profit Center Accounting
5. Product Costing
6. Profitability Analysis