SAP-FICO

Big Bang Adoption is a instant changeover, where user switch old system into fully functioning new system in a given date.  At the point when a new system needs to be implemented in an association. User adopt new system.   There are three different way to adopt. Big Bang adoption Phased Adoption Parallel Adoption In parallel adoption the old and the new system are running parallel, so every one of the clients can become accustomed to the new system, and in the interim do their work utilizing the old system. Phased adoption means the adoption will happen in many phases, so after each stage the system is a little closer to be completely received. In big bang adoption, the user switch between utilizing the old system to utilizing the new system generated at one single date, the alleged moment changeover of the system When an association choose to utilize the big bang adoption, and supports the progressions which are required for this, the genuine changing proc...

SAP Controlling (CO) The controlling module bolsters in the process works of arranging, detailing and observing activities of organizations. It includes strategies to see and arrange costs that are required for money related revealing.  Both SAP FI and SAP CO modules are independent components in a SAP system. The information stream between these parts happens on a regular basis. Data streams applicable to cost streams to Controlling from Financial Accounting. In the meantime, the system assign the expenses and incomes to various CO account task objects, for example, cost focuses, business procedures, ventures or requests. Maintaing Cotrolling Area in SAP Controlling Area: Enter Controlling area key. (company code) Name: Enter the name of the controlling area Assignment: Enter same as company code Currency Settings: Currency type: Enter your currency type for the controlling area. Currency: Enter the currency name   Others S...

SAP-FI  General Ledger Accounting What is a General Ledger Accounting A general ledger account is an account or record used to sort, store and summarize a company's transactions. The ledger holds account information that is needed to prepare financial statements, and includes accounts for assets, liabilities, owners’ equity, revenues and expenses. The general ledger is the backbone of any accounting system which holds financial and non-financial data for an organization. The collection of all accounts is known as the general ledger. Each account is known as a ledger account.  The listing of the account names is called the chart of accounts. The Chart of Accounts (COA) is defined at the client level and assigned to each company code. It is a list of General Ledger account’s master data that fall under different account groups of a company code.  Types of Chart Accounts There are three types of chart of accounts Operating cha...

What is SAP-FICO  SAP FI stands for Financial Accounting and it is one of important modules of SAP ERP. It is used to store the financial data of an organization. SAP FI helps to analyze the financial conditions of a company in the market. SAP Controlling (CO) is another important SAP module offered to an organization. It supports coordination, monitoring, and optimization of all the processes in an organization.   History of SAP SAP FI Module SAP FI enables companies to generate financial statements -- balance sheets or Profit, loss statement. SAP FI consists of several sub-modules that handle specific accounting processes. General Ledger  provides the functionality required to maintain one or more sets of books, generate  financial  statements and informational reports .   Transactions are recorded in sub-modules that can be reconciled with the general ledger data in real time. Accounts Receivable is used to ma...