SAP represents System Application and Products in Information Processing. SAP FICO is one of the most broadly utilized SAP modules. SAP FICO module incorporates SAP FI design and SAP CO setup. SAP FI module records and keeps up the money related exchange of the association for outer revealing. SAP CO module manages inner bookkeeping. SAP FICO modules can be incorporated with other SAP modules like SD (Sales and Distribution), MM (Material Management), HR(Human Resource), PP (Production Planning), QM (Quality Management), PS (Project System) and so forth.
FI represents Financials CO represents Controlling.
What is ERP?
ERP represents Enterprise Resource Planning, it coordinates all capacities into one framework.
There are numerous offices in an association. ERP coordinates all the capacity into one framework. It encourages the free progression of information among different divisions.
ERP Packages:
1972 - SAP R/1 - Real-Time Data Processing
1980 - SAP R/2 - Included Countries and Currencies
1990 - SAP R/3 - Application Server, Data based Server and Presentation
2004 - NetWeaver - Integrates all Information, People and Processes.
Zone Covered under SAP FICO
Money related Accounting deals with the budgetary exchange of the association. Money related exchange is recorded to be decided sheet and Income Statement(P&L)
FI:
1. General Ledger Accounting
2. Records Payable
3. Records Receivable
4. Resource Accounting
The CO Module underpins the preparing, arranging, announcing and observing the business activities. It includes around dealing with the expense and expanding productivity.
CO:
1. Cost Element Accounting
2. Cost Center Accounting
3. Inner Orders
4. Benefit Center Accounting
5. Item Costing
6. Benefit Analysis
Extent OF SAP FICO
Business Path:
Join as an end-user in an association in their corporate money or some other account-related offices. Coca-Cola, Pepsi, Unilever, Reliance and so on
Job OF SAP FICO CONSULTANT
1.Project Implementation
2.Business diagram
3.Realization
4.Final readiness
5.Go live and support
