Topics -

• SAP Controlling Overview for FICO Consultants
• SAP FICO Course Introduction and History
• Accounting vs Managerial Accounting Differences
• Controlling Area Setup and Master Data
  
  
• Cost Components and Controlling Document
• Accounting Systems and PS Project Integration
• Copa: Profitability Analysis Reporting Tool
  
• SAP CO Bundle Training Overview

Summary

SAP Controlling Overview for FICO Consultants

Parminder introduces the SAP Controlling (CO) overview session and explains the difference between Finance (FI) and Controlling modules in SAP. He clarifies that while most FICO consultants focus primarily on finance functions, controlling is a specialized area that deals with product costing, profitability analysis, and cost center accounting. Parminder recommends that FICO consultants or those who have completed FICO training should learn CO in-depth to enhance their skills and job prospects, especially for manufacturing industry projects. He also suggests that end users working with product costing concepts can benefit from this course, but should also learn the core finance part for a comprehensive understanding.

SAP FICO Course Introduction and History

Abidunnisa, the trainer for the SAP FICO course, introduced herself and discussed her 15+ years of experience in SAP FICO, both in finance and controlling. She has worked on various projects and is involved in corporate trainings. She will be leading the session and will also be the trainer for the controlling course. Abidunnisa also explained the history of SAP, which started with version 4.7 and has been continuously updated with more flexible features. However, due to technical issues, the session was interrupted and Abidunnisa was unable to continue.

Accounting vs Managerial Accounting Differences

Abidunnisa discussed the differences between accounting and managerial accounting, explaining that managerial accounting helps make internal decisions while accounting is for external reporting. She also explained that controlling is a module of SAP that provides supporting information to management for planning, reporting, and analyzing. Abidunnisa mentioned that controlling integrates with other modules like FI, CO, and MM to achieve product costing and profitability analysis. She also touched on the concept of operating concerns and profitability analysis.

Controlling Area Setup and Master Data

Abidunnisa discussed the setup of the controlling area, explaining that it can be assigned to one company code or multiple company codes. She also mentioned that the same company code cannot be assigned to multiple controlling areas. Abidunnisa further explained the concept of primary cost and revenue, and how they are integrated with the sales building process, material management, production, planning, and procurement. She also touched on the topic of master data, including internal orders, production orders, and sales orders. Abidunnisa then demonstrated how to set up the controlling area in the system, highlighting the different components and how they can be activated based on client requirements. She also mentioned the new concepts of margin analysis and costing-based profitability analysis.

Cost Components and Controlling Document

Abidunnisa discussed the cost components of a project, including cost centers, profit centers, internal orders, and product costing. She explained that profit centers help analyze the profits of a particular product, while cost centers help analyze the costs of any expense. Internal orders provide more specific information about a project, and can be used to record the cost of a particular activity for a specific timeframe. Abidunnisa also mentioned the integration of events, where the cost of an invoice, the cost centers involved, and the material involved are considered. She demonstrated how a controlling document is generated automatically when an FI document is posted, and how this document reflects the order value. Abidunnisa also mentioned the asset under construction part, which includes cost center, profit center postings, internal order settlements, and budget.

Accounting Systems and PS Project Integration

Abidunnisa discussed the differences between various accounting systems and their integration with the PS project system. She also explained the concept of general controlling, call center accounting, and internal orders. Abidunnisa further discussed the importance of understanding the structure of enterprise, financial accounting, and the concept of non-leading ledger. She also touched upon the topic of product costing, explaining that it is a tool used to estimate the price of a product. Abidunnisa also mentioned the importance of understanding the allocation structures, primary GL account, and the integration of FI to MM. She concluded by explaining the concept of costing sheet and its various fields and functionalities.

Copa: Profitability Analysis Reporting Tool

Abidunnisa discussed the concept of Copa, a profitability analysis reporting tool with different characteristics and value fields. She explained that it's used for operating concern with different overhead costs and modules. Abidunnisa also mentioned that they can create their own characteristics and value fields based on their requirements. She further discussed the different types of data structures, attributes, and environments for creating operating concerns. Abidunnisa also touched upon the topic of cost center accounting, internal order accounting, and the availability of standard reports for controlling. She concluded by mentioning that they would cover topics like material ledger overview, profitability analysis, and revenue recognition in future discussions.

SAP CO Bundle Training Overview

Parminder discussed the SAP CO bundle, which includes a self-paced course, a content library, server access, and additional training sessions. The content library provides detailed documentation and step-by-step processes for various SAP modules. Parminder also addressed questions from attendees, including one from Mohammad about enrolling in live sessions and another from Hemanth about entering the SAP journey with 14 years of operations experience.