SAP FICO Training in Lucknow & Kanpur
NAS Solution’s SAP FICO Training makes you an expert in Finance and Controlling, which is a complete financial management solution that helps to integrate the accounting side of a business.
Whenever you search on the Internet about SAP FICO training in Lucknow or Kanpur you will see a software for financial Accounting and Controlling, but that’s not all. SAP Financial Accounting is the most advanced software that controls all the financial transactions data within an ERP system. SAP FICO module refers to the Finance (FI) and Controlling (CO) modules of SAP ERP system. FI and CO are the core modules of SAP. They are tightly integrated with Sales and Distribution Module (SD) and Materials management (MM) module.
SAP Financial Accounting (FI) is the core module where all the financial processing transactions are captured. This is the module that is used to create statutory Financials Statements for external reporting purposes. Functions in SAP FICO can primarily be divided into General Ledger Accounting (G/L), Accounts Receivable and Accounts Payable (AR/AP) processing, and Fixed Asset Accounting (AA). You can pick up details of SAP FI module in SAP FICO Training provided by NAS Solutions SAP Training Institute in Lucknow. SAP FICO module as the term suggests deals in managing financial transactions within enterprises. This financial accounting module helps employees to manage data involved in any financial and business transactions in a unified system. This module functions very well for reporting requirements. The SAP FI module is very flexible and is functions well in any type of economic situation. Be it a smaller organization or a larger organization, SAP implementation helps in consolidating data for diverse business transactions and legal requirements. Financial Accounting module helps one to get real-time financial position of an enterprise in the market. SAP FI incorporates with other SAP modules such as SAP SD, SAP MM, SAP PP, Payroll and more for better work results.
SAP (CO) Controlling module helps provide operational information to the management of a company to support business analysis and decision-making. CO represents the internal accounting viewpoint of an organisation. It provide information to managers to help manage costs and operations of the organization. SAP refers External Accounting as “Financial Accounting” (SAP-FI) while Internal Accounting is referred as Managerial Accounting (SAP-CO). SAP CO module is another important SAP modules offered to enterprises. The controlling module supports in the process works of planning, reporting and monitoring operations of businesses. It involves methods to view and organize costs that are required for financial reporting. Controlling module enables one to plan, track, perform and report about costs. Controlling includes managing and configuring master data that covers cost elements, cost centres, profit centres, internal orders, and functional area and so on. You can learn more on this subject with the SAP FICO training from the NAS Solutions Lucknow Institute.