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 this session of our SAP FICO tutorials, we will go into the “Masters” segment of the SAP FICO module. In this “Masters” session, we will learn how to create and manage various master data in SAP FICO. We’ll focus on: General Ledger (GL) Account Codes: Creation and Extension [...]
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Chart of Accounts (CoA) The Chart of Accounts (CoA) is the foundation for the General Ledger (GL) in SAP. It is a comprehensive list of all the accounts utilized in the general ledger for a given company. It is a master list that contains accounts such as assets, liabilities, equities, [...]
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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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