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626 Words Aug 19th, 2014 3 Pages
SAP FICO: SAP FICO Stands for FI (Financial Accounting) and CO (Controlling). SAP FICO is the important module of ERP and both FI and CO modules stores the financial transactions data.
◾SAP FI is the important module of all SAP implementations
◾SAP FI (Financial Accounting) is used for external reporting i.e. Balance sheet, Profit and Loss statements
◾SAP FICO Module integrates with various other SAP Modules such as MM (Materials Management), SD (Sales and Distribution), PP (Production Planning), PM (Plant Maintenance), and PS (Project Systems).
◾SAP FI (Financial Accounting) Module receives postings from various other modules such as Materials Management, Sales and Distribution, Human Resource) through integration.
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These financial statements provide an overview of the financial position of the company as a whole.
Funds Management: - Funds Management manages budgets for revenues and expenses within your company as well as track these in the area of responsibility.
Special Purpose Ledger: - Special purpose ledger is used to define ledgers for reporting purposes.
Travel Management: - Travel Management provides management of all travel activities including booking trips and handling of expenses associated with travel.
SAP Controlling plays an important role for the management decision making and CO Module is used for the internal reporting purpose. Controlling Area is the organization unit used to represents the controlling activities of Cost Centre accounting, Profit Centre Accounting, Product Costing, and Profitability etc.
SAP CO Module contains the following sub-modules:-
◾Cost Element Accounting
◾Cost Centre Accounting
◾Profit Centre Accounting
◾Internal Orders
◾Product Cost Controlling
◾Profitability Analysis

SAP MM (Material Management) is one of the important modules in SAP ERP software and MM application module supports the procurement and inventory functions occurring in day-to-day business operations. This MM module contains many aspects such as purchasing, goods receiving, material storage, consumption-based planning, and inventory. SAP MM module is fully integrated with other modules in the SAP R/3 System such as Finance (FI),

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