SAP CO Modules
This module assists with the monitoring, control, and optimization of business processes. It has features for managing master data. This information pertains to cost centers, internal orders, cost elements, and other areas. The main reason for introducing this module is to discuss planning. Companies can analyze variances by comparing planned and actual business data.
The various SAP CO sub-modules and their functionalities are listed below:
- Cost Elements: It gives you an overview of the company’s costs and revenues. These are calculated using income statements. Cost element accounting defines the origins of costs and also represents various company costs. The majority of these values are moved from Financial Accounting to Controlling.
- Cost Center Accounting: Allows users to track purposes within their organization and manage spending across all internal departments (for example, human resources, marketing, production, and sales).
- Profit Center: It contains all of the expense information for the company’s business lines. This module is concerned with expenses and revenues.
- Internal Orders: This module is intended to manage all expenses associated with smaller internal projects/non-fixed assets.
- Profitability Analysis: Examines a company’s profit and/or loss, gives a solid platform for decision making, and aids in determining price, market segment, and consumer distribution routes.
- Profitability Analysis: Examines a company’s profit and/or loss, gives a solid platform for decision-making, and aids in determining price, market segment, and consumer distribution routes.
SAP FICO- Intoduction, Features and Modules
SAP FICO is one of the most widely utilized SAP modules. Companies use this to manage their financial data. It is made up of two modules: SAP FI and SAP CO. As business operations are carried out daily, a large amount of financial data is generated. Sales orders, transactions, and purchases are all included.
Table of Content
- What is SAP FICO?
- Key Features of SAP FICO:
- SAP FI Modules:
- SAP FI implementation:
- SAP CO Modules:
- SAP CO implementation:
- Benefits of SAP FICO:
- Conclusion: