The SAP R/3 system comes with a vast amount of standard reports. Every SAP application has its own information system, which can be assessed from the application menu. Different tools have been used to build the reports and the outcome varies from very rigid, programmed reports to very flexible reports.
FI/CO
Welcome to our SAP FI/CO module category page, where you can find a comprehensive collection of documents, tutorials, and guides. Explore our extensive resources to gain insights into financial accounting, controlling, and related processes, enabling you to master key concepts and optimize your SAP FI/CO implementation with ease.
What is Controlling?
The Controlling module (CO) in SAP R/3 deals with the responsibility aspect of financial accounting. No actual postings are made in Controlling, instead all transaction information flows to Controlling through the other modules of SAP R/3.
The Controlling module provides the most flexible business income and expenses reporting.Get more details from the material.
10 Consulting Notes for CO-PA Analysts
This note gives an overview of the informational notes for CO-PA. The purpose of these notes is to give you further advice on various topics in CO-PA which have turned out to be difficult to understand from a user’s point of view. Notes compiled:
- Free of Charge Deliveries – Costs in CO-PA
- Characteristics from SD transaction Tables to CO-PA
- SD Partner functions in CO-PA
- Product Hierarchies in CO-PA Reports
- + / – Signs in CO-PA and Conditions with plus/minus signs
- SD Condition Types to CO-PA Value Fields
- Valuation with Condition Technique in CO-PA
- Characteristics from Variant Configuration
- Costs for Third-party Processing
- More than 120 value fields
User Exits in SAP FICO
R/3 provides three “customization spots” that allow you to enhance FI/CO features without modifying the standard code. Although often collectively referred to as “user exits,” two of the three have different names. SAP Enhancements are used to expand the standard functionality within SAP. Enhancements use function modules and are called from the standard SAP code. Each module in the system has a set of delivered enhancements that help companies expand the standard functionality where they need it.
Dunning Definition,Procedures and Useful Notes
Definition:
Dunning is a reminder to the customer or vendor to make payment on outstanding invoices. It typically consists of a letter that summarizes the invoices that are past due and politely requests payment to be made. When you customize dunning you have to create dunning area like at what level you want to use the dunning, like business area level or company code level. After that you have to make settings for dunning procedure, in that you have to define no of due dates and no of dunning levels. there are maximum 9 levels are there.
Reconciliation Accounts and Special G/L Indicator
Most SAP people might be asking, what is a reconciliation account in SAP Financial Accounting? Well, my dear readers surely you will be enlightened by this article.
First…
You must understand the definition of general ledger. General ledger is the main accounting record of a business which uses double-entry bookkeeping. In SAP, the central task of G/L accounting is to provide a comprehensive picture for external accounting and accounts. Transactions that have a financial impact are captured by the general ledger. The transactions could be originated from other modules.
Automatic Creation of Primary and Secondary Cost Elements
Part of SAP Controlling module is Cost Element Accounting. It is under this area where you maintain directly master data of cost elements. Just to refresh your mind about cost element.
There are two types of cost elements in Controlling, namely; primary and secondary cost element. Primary cost elements are use to transfer P&L account postings in Financial (FI) to Controlling (CO). It is a requirement that all P&L accounts should have a primary cost elements; otherwise, transactions can not be posted involving P&L accounts in FI. On the other hand, secondary cost elements are use only for allocation and assessment purposes as period-end process.