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Sap-Fico: FI-Financial Accounting CO-Controlling (Managerial Accounting)

SAP-FICO refers to SAP's Financial and Controlling modules. The Financial (FI) module records all financial transactions and is the backbone of SAP accounting. The Controlling (CO) module collects transactional data to prepare internal reports for decision-making, including cost center performance, profit center performance, and budget analyses. Cost element accounting forms the bridge between the FI and CO modules by carrying costs and revenues from financial accounts.

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158 views5 pages

Sap-Fico: FI-Financial Accounting CO-Controlling (Managerial Accounting)

SAP-FICO refers to SAP's Financial and Controlling modules. The Financial (FI) module records all financial transactions and is the backbone of SAP accounting. The Controlling (CO) module collects transactional data to prepare internal reports for decision-making, including cost center performance, profit center performance, and budget analyses. Cost element accounting forms the bridge between the FI and CO modules by carrying costs and revenues from financial accounts.

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Gvr G
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* SAP-FICO

FI-Financial Accounting
CO-Controlling(Managerial Accounting)

Financial Accounting ( FI):-FI module is the back bone


of SAP accounting as it records financial transactions
of all movements of goods, services and all other
business transactions between the company and its
customers and vendors
*
Controlling also termed Managerial Accounting– is
designed to collect transactional data that provides a foundation for
preparing internal reports that support decision-making within the
enterprise.

These reports are exclusively for use within the enterprise and
include:
 Cost center performance
 Profit center performance
 Budgets analyses
Features of Controlling:-
Cost Element Accounting
Cost Center Accounting
Internal Orders
Profitability Analysis
Profit Center Accounting
* Cost Element Accounting:-
It is construct the bridge between FICO.It
carry the cost as well as revenue from other
module such as Financial Account

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