SAP FICO INTRODUCTION

   INTRODUCTION

FI: The module is called Financial Accounting, and the user makes entries for the book of record in the module. It includes the General Ledger, Tax, Book Close, Accounts Payable, Accounts Receivables, Asset Management, Consolidation and Special ledgers. The G/L accounts are also defined as a form of cost elements and these are defined as expense on revenue. In the FI module the G/L modules are integrated.

CO: Controlling is the SAP module which allows the user to manage the internal costs which includes the cost elements, cost centers, profit centers, internal order, activity based costing and product costing.

The Financial Accounting (SAP FI) module in SAP is designed to capture organizations business transactions in a manner that will satisfy external reporting requirements. Local legal considerations are pre-delivered with the system and the ability to manage and report on multiple companies in multiple countries with multiple currencies is part of standard functionality. Integration with Sales and Distribution, Purchasing and Materials Management allows for the ability to select any financial transaction and "Drill Down" to the originating transaction whether it is a purchase Order, Sales Order or material movement.

Financial Accounting includes the following sub-modules:

• General Ledger (FI-GL)

• Accounts Payable (FI-AP)

• Accounts Receivable (FI-AR)

• Bank Accounting (FI-BL)

• Asset Accounting (FI-AA)

• Funds Management (FI-FM)

• Travel Management (FI-TV)

• Special Purpose Ledger(FI-SL)