FI-CO

SAP FI - Financial Accounting:

Designed for automated management and external reporting of General Ledger (GL), Accounts Receivable (AR), Accounts Payable (AP), and Asset Management (AM) with a user-defined chart of accounts.

External reporting, such as income statement and balance sheet Represents cost and revenue flows throughout the organization Aids in organizational decision making Supports internal reporting such as cost centre reports

SUB Modules

SAP FI-GL - General Ledger

SAP FI-AP - Accounts Payable

SAP FI-AR - Account Receivable

SAP FI-SL- Special Purpose Ledger

SAP FI-BL – Bank Accounting

SAP AA - Asset Accounting: AA provides tools to acquire, depreciate, evaluate, and retire assets. The kinds of assets covered are fixed, low value, leased, and real estate.

Low value assets depreciate in the year they are bought and are often aggregated as a single asset master record.

Depreciation often needs to be tracked (for more than one reason), so SAP R/3allows you to depreciate the same piece of equipment in several parallel ways.