ABOUT SAP MODULES

Question

HI
CAN ANYBODY EXPLAIN ME IN DETAIL WHAT IS SAP FI/CO MODULE?HOW SAP ABAPER HELPS SAP FI/CO?
SHAMIT

Answer 1

Hi Shamit,
following describtion is from http://help.sap.com :
FI
The Financial Accounting (FI) application component fulfills all the international requirements that must be met by the financial accounting department of an organization. It provides the following features:
Management and representation of all accounting data
All business transactions are recorded according to the document principle, which provides an unbroken audit trail from the financial statements to the individual documents.
Open and integrated data flow
Data flow between Financial Accounting and the other components of the SAP System is ensured by automatic updates.
Data is available in real time within Financial Accounting. Postings made in the subledgers always generate a corresponding posting in the general ledger.
Preparation of operational information to assist strategic decision-making within the organization
Integration
Integration of Financial Accounting with other components
All accounting-relevant transactions made in Logistics (LO) or Human Resources (HR) components are posted real-time to Financial Accounting by means of automatic account determination. This data can also be passed on to Controlling (CO).
This ensures that logistical goods movements (such as goods receipts and goods issues) are exactly reflected in the value-based updates in accounting.
Integration within Financial Accounting
Every posting that is made in the subledgers generates a corresponding posting to the assigned G/L accounts. This ensures that the subledgers are always reconciled with the general ledger.
Features
The Financial Accounting application component comprises the following sub-components:
General Ledger (FI-GL)
Accounts Payable (FI-AP)
Accounts Receivable (FI-AR)
Bank Accounting (FI-BL)
Asset Accounting (FI-AA)
Funds Management (FI-FM)
Travel Management (FI-TV)
Special Purpose Ledger (FI-SL)
CO
Controlling provides you with information for management decision-making. It facilitates coordination, monitoring and optimization of all processes in an organization. This involves recording both the consumption of production factors and the services provided by an organization.
As well as documenting actual events, the main task of controlling is planning. You can determine variances by comparing actual data with plan data. These variance calculations enable you to control business flows.
Income statements such as, contribution margin accounting, are used to control the cost efficiency of individual areas of an organization, as well as the entire organization.
Integration
Controlling (CO) and Financial Accounting (FI) are independent components in the SAP system. The data flow between the two components takes place on a regular basis.
Therefore, all data relevant to cost flows automatically to Controlling from Financial Accounting. At the same time, the system assigns the costs and revenues to different CO account assignment objects, such as cost centers, business processes, projects or orders. The relevant accounts in Financial Accounting are managed in Controlling as cost elements or revenue elements. This enables you to compare and reconcile the values from Controlling and Financial Accounting.
Features
Cost Element Accounting (CO-OM-CEL)
Cost and Revenue Element Accounting provides you with an overview of the costs and revenues that occur in an organization. Most of the values are moved automatically from Financial Accounting to Controlling. Cost and Revenue Element Accounting only calculates costs which either do not have another expense or only one expense in Financial Accounting.
If needed, reconciliation of the values in Financial Accounting and Controlling takes place in Cost and Revenue Element Accounting.
For more information, see the SAP Library under Financials ® Controlling ®  Cost Element Accounting.
Cost Center Accounting (CO-OM-CCA)
You use Cost Center Accounting for controlling purposes within your organization. It is useful for a source-related assignment of overhead costs to the location in which they occurred.
For more information, see the SAP Library under Financials ® Controlling ®  Cost Center Accounting.
Activity-Based-Accounting (CO-OM-ABC)
Activity-Based Costing analyzes cross-departmental business processes. The goals of the whole organization and the optimization of business flows are prioritized.
For more information, see the SAP Library under Financials ® Controlling ®  Activity-Based Costing.
Internal Orders (CO-OM-OPA)
You use internal orders to collect and control according to the job that incurred them. You can assign budgets for these jobs, which the system monitors, to ensure that they are not exceeded.
For more information, see the SAP Library under Financials ® Controlling ®  Internal Orders.
Product Cost Controlling (CO-PC)
Product Cost Controlling calculates the costs that occur during manufacture of a product, or provision of a service. It enables you to calculate the minimum price at which a product can be profitably marketed.
For more information, see the SAP Library under Financials ® Controlling ®  Product Cost Controlling.
Profitability Analysis (CO-PA)
Profitability Analysis analyzes the profit or loss of an organization by individual market segments. The system allocates the corresponding costs to the revenues for each market segment.
Profitability Analysis provides a basis for decision-making, for example, for price determination, customer selection, conditioning, and for choosing the distribution channel.
For more information, see the SAP Library under Financials ® Controlling ®  Profitability Analysis.
Profit Center Accounting (EC-PCA)
Profit Center Accounting evaluates the profit or loss of individual, independent areas within an organization. These areas are responsible for their costs and revenues.
Profit Center Accounting is a statistical accounting component in the SAP system. This means that it takes place on a statistical basis at the same time as true accounting. In addition to costs and revenues, you can display key figures, such as, Return on investment, working capital or cash flow on a profit center.
Regards
Berdn