SAP FI (Financials) and SAP CO (Controlling)
SAP FI and SAP CO modules used for financial corporate management are required for all companies, regardless of industry. It is available that all accounting records that have changed in the SAP FI (Financial / Financial Accounting) module can be kept and reported. FI module is basically; It can be categorized as General Accounting, Vendor Accounting, Customer Accounting, Asset Accounting. SAP CO (Control / Cost Accounting) module is used for managerial decision making and cost, profit / loss tracking, using the main modules fed from all modules of SAP. The main input of the CO module is planning, as well as reporting the events that took place. Comparative variance calculations, which are planned for the modules, are made, which makes it possible to control workflows. CO and FI are two independent components within the SAP system. Due to the regular data flow between these two components, every suitable data automatically flows from the FI module to the CO module. CO module; Under Product Costing, Overhead, it consists of several integrated sub-modules: Profit Center, Profitability Analysis, Cost Center Accounting and Internal Accounting.
We can list the functions of the SAP CO module as follows;
· Provides the opportunity to make one-to-one costing (product, service, fixed asset, salesman, customer),
· Controls the SAP FI (Financial Accounting) module,
· Can calculate net profitability,
· It acts as a dashboard for administrators,
· Helps to see the Mosts,
· Directs the critical management decisions of the companies.
The sub-modules of the SAP CO module are as follows;
· Cost Elements Accounting – Cost Element Accounting
· Cost Center Accounting – Cost Center Accounting
Internal Orders – Internal Orders
Product Cost Controlling
Profit Center Accounting
Bird’s eye analysis in SAP CO module;
Is my company profitable?
You can also read this SAP FLEXIBLE REAL ESTATE MANAGEMENT MODULE (SAP RE-FLEXIBLE)
What is the most costly product in my company?
What is the most costly service in my company?
Who is the most costly employee in my company?
What is the most costly project in my company?
What is the most costly process in my company?
What is my most costly customer in my company?
What is the most costly department in my company?
What is the most profitable product in my company?
What is the most profitable service in my company?
Who is the most effective employee in my company?
What is the most profitable project in my company?
What is the most profitable process in my company?
What is my most profitable customer in my company?
What is the most effective department in my company?
How much is my company’s total income?
How much is my company’s total expense?
Management accounting is seen as the subtitle of the SAP CO module. To summarize;
Control = Management Accounting + (Non-Financial Information Systems) + Activity
Controlling = Management Accounting + (Nonfinancial Information Systems) + ACTION