When going for an SAP implementation project, we need to first understand the complete requirements of the client, i.e., the company. For example, let’s say we are a team of SAP consultants and we are planning to implement SAP for Doctor Reddy Labs Group, a multinational company, with its [...]
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In our previous article, we covered the creation and extension of General Ledger (GL) account codes. In this article, we’ll walk through one of the most important master data components in SAP Controlling (CO): Primary and Secondary Cost Elements. We’ll also cover how to create cost and [...]
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Continuing our journey through the SAP FICO module, we’ll now go into the Cost Center and Cost Center Group. Following that, we’ll explore the fundamental concepts of Posting Keys and Document Types in Financial Accounting. What is a Cost Center in SAP? A Cost Center is an [...]
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In our previous article, we explored Financial Accounting (FI), which focuses on external reporting. In this article, we’ll consider the “CO” in FICO: Managerial Accounting, also known as Controlling. What is Managerial Accounting (Controlling)? Managerial accounting is designed to [...]
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What is SAP FICO SAP FICO stands for SAP Financial Accounting (FI) and SAP Controlling (CO). Together, they form a robust financial management module within the SAP ERP system. The SAP FI module has the capability of meeting all the accounting and financial needs of an organization. It is [...]
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