Knowledgable Content for Beginners and Consultants.
SAP Profit Center – Introduction SAP Profit Center is a management-oriented organizational unit used for internal controlling purposes. Segmenting a company into profit centers, allows us to analyze responsibility and delegate responsibility to decentralized units. Likewise, it lets you set up our profit centers according to product (product lines, divisions) Read more…
Introduction to SAP Controlling – (SAP CO) SAP Controlling is one of the Functional Modules of SAP that deals with the cost calculation, cost analysis, cost planning and overhead management of the business. As you must know there are two types of reporting in any business i.e. External Reporting and Read more…
What is ASAP Methodology? ASAP stands for Accelerated SAP Methodology. This methodology was designed by SAP for SAP project implementation in the most efficient manner to reduce time & reduce cost. We can say by using this methodology we can optimize the time, resources, quality and more. Phases in ASAP Read more…
SAP FICO Scenarios – For Interviews and On-job Work SAP FICO scenarios are very commonly looked for by SAP aspirants. Some may need them to solve their on-job issues, while some need for preparing well for interviews. Here are some case studies that help in SAP FICO interviews and real-time Read more…
SAP FICO TCodes – What do they do? SAP FICO Tcodes help in the fast execution of programs in the Financial Accounting application of the SAP system. By using these Tcodes, you can easily avoid multiple steps of work which would otherwise be done by navigating through the menu system, Read more…
What is SAP New GL Migration? SAP New GL Migration is the migration of data from the classic General Ledger Accounting to New General Ledger Accounting in SAP FICO. It helps to integrate Managerial Accounting and Financial Accounting while reducing the cost of the project. When do we need to Read more…
SAP End Users are responsible for operating day-to-day transactions after the SAP project Go Live. In the case of Finance, an SAP FICO End User does activities like posting an invoice, collections, Purchase orders, Goods receipts, etc. What does an SAP FICO End User does daily? Posting invoice into the Read more…
SAP FICO Consultant’s Duties – What do you know about it? An SAP FICO consultant works on an SAP implementation project. He configures SAP Financial and Management Accounting into the SAP ERP system of an organization and takes care of its functionalities. This is what you might already know in Read more…
What is SAP FI (SAP Finance) Module? SAP FI, also known as SAP Finance is the functional module of SAP ERP Financials, which deals with Finance. While Controlling (CO) deals with the business’s cost control, which is the other part of SAP Accounting. Both in combination makes it a complete Read more…
What Cost Elements in SAP? Cost Elements in the SAP system create a link between Finance posting with Cost Object like Cost Center, Order, Profitability Segment, etc. In this blog, we will learn how to create Cost Elements in SAP and differentiate between the various cost element types to use Read more…