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This document provides an overview of the SAP FICO (Financials and Controlling) module. It describes SAP FICO as handling financial activities and internal reporting for organizations. The key submodules of FI (financial accounting) are general ledger, accounts payable, accounts receivable, and bank accounting. The key submodules of CO (controlling) are cost element accounting, cost center accounting, internal order accounting, and profit center accounting. The tutorial also outlines the organizational structure in SAP FICO and provides a syllabus for learning about the module.

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56 views

Sap File 1

This document provides an overview of the SAP FICO (Financials and Controlling) module. It describes SAP FICO as handling financial activities and internal reporting for organizations. The key submodules of FI (financial accounting) are general ledger, accounts payable, accounts receivable, and bank accounting. The key submodules of CO (controlling) are cost element accounting, cost center accounting, internal order accounting, and profit center accounting. The tutorial also outlines the organizational structure in SAP FICO and provides a syllabus for learning about the module.

Uploaded by

syed shabbir
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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SAP FICO Tutorial – SAP FI & SAP CO Training Tutorials

SAP FICO Tutorial : Free SAP FI Training

SAP FICO tutorial– Free SAP FI & SAP CO training tutorials, learn how to implement and configure SAP FI
(Financial Accounting) and SAP CO (Controlling) module step by step with real time project scenarios and
issues. This SAP FICO training tutorials are designed for all beginning and professionals learners that helps to
boost your knowledge on SAP FICO module.

SAP FICO stand for Financial Accounting and Controlling, it is one of the important module of SAP R/3 system
that handles all the financial activities of an organization. SAP FI module maintains the day to day financial
transactions on real time basis and generates the reports for external purpose. SAP CO module is used for
organizational internal reporting purpose and provides the information for the management for effective
decision making.

SAP FICO module can be integrated with other SAP modules such as sales & distribution module, Human
resource management, Production planning, Material Management, Project systems, etc. Posting that are
made in these SAP modules with financials implications that replicates the data in FICO module on real time
basis.

Important sub modules of SAP FICO:-

The important sub-modules of SAP Financial Accounting (FI) are

General Ledger Accounting : – SAP FI-G/L records all the transactions that posted in SAP and display the real-time
status of the financial accounts of an organization.
Accounts Payable: – It is a sub ledger accounting that records all the business transactions of vendor purchase activities
and generate automatic postings in general ledger accounting
Accounts Receivable: – It is a sub ledger accounting that records all the accounts of customer’s sales activities and
generates automatic postings in G/L accounting.
Bank Accounting: – It controls and manages all the activities of bank transactions of an organization
Asset Accounting: – SAP FI AA sub-module manages and records the assets of an organization.

The important sub-modules of SAP Controlling (CO) are

1. Cost Element Accounting: – In Controlling, all the costs and revenues are represented through cost elements. All the cost
elements specifies the nature of expenditure and income. The different types of cost elements are Primary cost elements and
Secondary cost elements.
2. Cost Center Accounting: – It provides the information of costs that are incurred in the organization.
3. Internal Order Accounting: – It tracks the costs of a specific job, service or a task. Internal order are used as a method to
collect those costs and business transactions that are related to task.
4. Profit Center Accounting: – Profit center manages and controls the organizations profits and losses.
5. Product Cost Controlling: – Product cost enables the management to analysis the product costs and enables to take
effective decisions on prices to make the products.

SAP FICO Organizational Structure

The important organizational elements of SAP FICO are

Operating Concern: – It is highest level of organizational unit for both SAP FI & CO module, where you can
general profitability reports.

Company: -The creation of company in SAP is optional, it is only required to consolidate two or more company
codes data at country level or segment level.

Company Code: – The creation of company code in SAP is mandatory, at least one company code to be
implemented in SAP. It is a legal entity of organizational element and you can general financial statements for
reporting.

Credit Control Area: – It is a mandatory organization unit of credit management module as it controls the credit
limit for the customers at time of sales order process.

What do you learn from this SAP FICO tutorial?


Step by step SAP FICO module implementation process with screen shots.
Real time FI & CO module issues and scenarios with examples & solutions.
Interview questions with answers
Certification guide
SAP end users guide with practice materials.

SAP FICO training Syllabus

Refer SAP FI & CO tutorials step by step as per syllabus wise, so it helps you to learn SAP FICO module in an
easy method.

SAP FICO Enterprise Structure

1. Define Company (Group company)


2. Define company code
3. Assign company code to company
4. Define business area
5. Define functional area
6. Define credit control area
7. Assign company code to credit control area

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