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All about SAP® FICO

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

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  1. All about SAP®FICO Let’s get started!

  2. Objectives • SAP® as an ERP system • Advantages of SAP® • SAP®Modules • Functional Components of Financial Accounting • Functional Components of Controlling

  3. 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.

  4. 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

  5. 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.

  6. Functional Components of Financial Accounting • General Ledger • Accounts Payables • Fixed Assets • Accounts Receivables

  7. Functional Components of Controlling • Cost Center Accounting • Internal Orders • Profit Center Accounting • Profitability Analysis • Product Costing

  8. Thank You!

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