What is SAP Financial Accounting?

SAP FI stands for Financial Accounting and it is one of important modules of SAP ERP. It is used to store the financial data of an organization. SAP FI helps to analyze the financial conditions of a company in the market. Finance Accounting Accounts Receivable and Payable.

What is the best book for SAP FICO?

ANY RECOMMENDATION FOR SAP FICO BOOKS ?

• Configuring SAP ERP Financials and Controlling by Peter Jones and John Burger (March 30,2009)
• Configuring Financial Accounting in SAP by Narayanan Veeriah (October,2011 SAP Press)

What is SAP Financial Accounting and controlling?

It is the Finance and Cost controlling module in SAP ERP where FI stands for Financial Accounting and CO stands for Controlling. SAP CO includes managing and configuring master data that covers cost center accounting, profit center accounting, internal orders, real order, product costing, profitability analysis.

What is SAP FICO certification?

The SAP FICO Certification Exam verifies that the candidate possesses fundamental knowledge and proven skills in the area of SAP Financial Accounting.

Is SAP useful in finance?

SAP FICO allows an organization to store a complete version of their financial transaction data. Specifically, the purpose of SAP FICO is to help companies generate and manage financial statements for analysis and reporting, as well as to aid in effective business planning and decision-making.

How SAP is used in accounting?

The SAP FI module is the most popularly used module for financials and accounting. Diverse accounting tasks such as maintaining ledgers, balance sheets, and profit and loss statements etc., are managed automatically by SAP ERP solutions. SAP FI modules help towards asset management in enterprises.

Is SAP a financial system?

SAP FICO consists of two sections, SAP Finance (FI) and SAP Controlling (CO). Each of which is used for a specific financial process. SAP FI deals with overall financial reporting and accounting, while SAP CO focuses more narrowly on planning and monitoring costs.

What is difference between SAP FICO and SAP HANA?

The main difference between SAP FICO and S4 HANA Finance is the technology used in them. SAP FICO works on the ECC model, while SAP S4HANA Finance (Simple Finance) is based on the in-memory HANA database which works on cloud technology.

Which is the best book for SAP finance professionals?

More about the book Finance professionals, it’s time to simplify your day-to-day. This book walks through your financial accounting tasks, whether you’re using SAP GUI transactions or SAP Fiori apps in your SAP S/4HANA system. For each of your core FI business processes—general ledger … More about the book

How to configure financial accounting in SAP ERP?

This is your comprehensive guide to configuring Financial Accounting in SAP ERP! Brush up on the old standbys—Accounts Payable, Account Receivable, SAP General Ledger, and Asset Accounting—and then dive in to Contract Accounts Receivable and Payable, Consolidation, Lease Accounting, Travel Management, SAP Fiori, and much more.

How many pages is SAP’s / 4hana finance user guide?

Financial Accounting with SAP S/4HANA: Business User Guide 680 pages, hardcover. Finance professionals, it’s time to simplify your day-to-day. This book walks through your financial accounting tasks, whether you’re using SAP GUI transactions or SAP Fiori apps in your SAP S/4HANA system.

Do you need an asset accounting setup in SAP’s / 4hana?

Asset accounting setup is mandatory in SAP S/4HANA — so get the details you need to get it up and running! Walk through the configuration that underpins all of asset accounting, starting with organizational structures and master data. From there, … More about the book Consolidation has changed with SAP S/4HANA.