#SAP #ERP #FICO (Financial Accounting and Controlling ) Training in Chandigarh
GB TRAINING & PLACEMENT CENTRE
SAP FI ( Financial Accounting ) is one the functional module in SAP software.
SAP ERP Financials enables you to centrally track financial accounting data within an international framework of multiple companies, languages, currencies, and charts of accounts.
Finance is the most critical part of every business and this aims at the perfect management of finance. It becomes stressful and complex to manage the entire financial accounting part by man-power. Therefore, SAP FI module has emerged as a popular module successfully implemented in organizations. SAP financial accounting module comes with a package that helps organizations in handling financial needs and accounting activities.
The SAP FINANCIAL Module has the capability of meeting all the accounting and financial needs of an organization. It is within this module that Financial Managers as well as other Managers within a business can review the financial position of the company in real time as compared to legacy systems which often times require overnight updates before financial statements can be generated and run for management review.
The real-time functionality of the SAP modules allows for better decision making and strategic planning. The FI (Financial Accounting) Module integrates with other SAP Modules such as MM (Materials Management), PP (Production Planning), SD (Sales and Distribution), PM (Plant Maintenance).
The FI Module also integrates with HR (Human Resources) which includes PM (Personnel Management), Time Management, Travel Management; Payroll Document transactions occurring within the specific modules generate account postings via account determination tables.Controlling
(CO) is the term by which SAP refers to Managerial Accounting. The
Organizational Elements in CO are Operating Concern, Controlling Area, and Cost
Centers. Hence, the SAP CO Module helps management by providing reports on cost
centers, profit centers, contribution margins, profitability, etc. It focuses
on internal users, in contrast to SAP FI which focuses on data drawn for
external reporting. The transactions posted in FI are transferred to CO for
cost accounting processing, analytical reporting, and audit-controlling
spectrum. There can be either a one-to-one relationship or there can be
one-to-many relationship between Controlling Areas Verses Company Codes. Hence,
CO becomes the governing module that oversees the consolidation of costing data
whereby management can derive their perspectives for analysis.
Popular components that comprise the FI module are
• Accounts Receivable
• Accounts Payable
• Asset Accounting
• Account Consolidation
• General Ledgers
Controlling
(CO) is the term by which SAP refers to Managerial Accounting. The
Organizational Elements in CO are Operating Concern, Controlling Area, and Cost
Centers. Hence, the SAP CO Module helps management by providing reports on cost
centers, profit centers, contribution margins, profitability, etc. It focuses
on internal users, in contrast to SAP FI which focuses on data drawn for
external reporting. The transactions posted in FI are transferred to CO for
cost accounting processing, analytical reporting, and audit-controlling
spectrum. There can be either a one-to-one relationship or there can be
one-to-many relationship between Controlling Areas Verses Company Codes. Hence,
CO becomes the governing module that oversees the consolidation of costing data
whereby management can derive their perspectives for analysis.
ABOUT GB TRAINING & PLACEMENT CENTRE
The GB Training & Placement Institute delivers a plethora of training and career oriented programs in the field of IT and Management in Chandigarh and Mohali . We use cutting edge methods and processes that are credible, and proven at the same time. We also offer "SAP-ERP training in Chandigarh & Mohali" to students and working professionals. Our mode of training includes both Instructor-led and On-line. Our training program is fully flexible. We also provide the option of In-house training to students, if so desired by the institutions. Training, practical workshops and regular assignments are the core instruments via which our program functions. "SAP-ERP Training in Chandigarh" is divided in two categories .They are Functional and Technical. Those who are doing MBA in different streams, go for functional module training. For B-tech, IT and MCA students there is technical module. Our team of technical professionals helps students to learn vital skills, and implement the same to real world problems.
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📍 Find us at Sec 34 -A ,Chandigarh
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GB TRAINING & PLACEMENT CENTRE
SCO 85 86 4th Floor
Sector 34 A CHANDIGARH
9988113578
Sector 34 A CHANDIGARH
9988113578
EMAIL: prakash.gberp@gmail.com
(For More detail and free classes click on the above link and book your classes)
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