With INFORMATICS you always have an overview of your SAP FI/CO processes.
The core of every ERP system - and also of every economic process - is finance and accounting. The SAP system offers more than just the presentation of charts of accounts and seamless integration into the various process modules, it also ensures compliance with various legal regulations.
The SAP ERP modules FI and CO enable the efficient management of accounting and controlling.
SAP Finance | SAP FI
SAP FI is considered one of the oldest SAP modules and covers all business processes in finance and accounting in SAP R3 and SAP S/4HANA.
Financial accounting activities such as payment transactions in daily work (payment transactions, SEPA collection, SEPA credit management, automated payment transactions and electronic account statements) are handled in SAP, as is the management of sub-ledger accounting. A clean depiction of accounts payable and accounts receivable as well as the maintenance of master data and the handling of the dunning system are also guaranteed. The SAP standard also provides for all asset accounting functions (control, administration, monitoring of fixed assets).
Daily work is supported in particular by means of closing cockpits, reporting options and booking templates. The SAP ERP also provides the necessary basis for decision-making.
SAP Controlling | SAP CO
All primary basic functions of controlling, which ensure the coordination, monitoring and optimisation of business activities, are covered in the standard system by means of the CO module. This includes, among others, overhead cost controlling (CO-OM), product cost controlling (CO-PC), profit and market segment accounting (CO-PA) and profit centre accounting (EC-PCA). In practice, the focus is on functions related to cost unit accounting and the creation of multi-level contribution margin accounting, cost centre accounting and cost type accounting.
The connection and data update from the modules to Controlling are automated, as are the customising options with regard to international accounting regulations such as IFRS and US-GAAP. Challenges in the area of accounting in foreign currencies or with tax regulations can be presented uniformly and clearly by means of country-specific settings and thanks to a solution available in the standard.
The fully integrated connection to other logistics modules ensures that all logistics data relevant to cost accounting is also processed in the appropriate context.
Do you have any questions?
Our colleague Klaus Augner will be happy to answer any questions you may have.
Applications of Finance & Controlling
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