FI-CO Overview

OBJECTIVES

• Define the SAP R/3 organizational elements for Financial reporting and control
• Identify financial integration points with the logistics chain
• Execute financial and management reports in the SAP R/3 system

Financial Accounting is broken down into the following sub-modules:

• General Ledger accounting
• Accounts Receivable
• Accounts Payable
• Legal Consolidations
• Special Purpose ledger
• Asset Accounting

Controlling is broken down into the following sub-modules:

• Overhead Cost Controlling
• Product Cost Controlling
• Sales and Profitability Analysis
• Activity Based Costing

Organizational Units in SAP Financial Accounting

·         Enterprise controlling (EC)an enterprise-wide view of financial reporting

·         Treasury (TR) control of cash, banking, securities, and funds management

·         Financial Accounting (FI) core financial accounting integrated with sub-ledgers

·         Controlling (CO) management accounting for tracking overhead and profitability as well as production process control Investment Management (IM)

·         Chart of accounts Contains all account numbers

·         Group Company Consolidation of company codes

·         Company Code Independent balancing unit used for legal reporting

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·         Business Area Used to create internal balance sheets