SAP Financial Accounting & Controlling

Trigent Software Private Limited

Job Location:

Bengaluru Urban - India

Monthly Salary: Not Disclosed

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

SAP Financial Accounting & Controlling

SAP Financial Accounting (FI)

Purpose:
The FI module is designed to record process and report financial transactions. It ensures compliance with external reporting requirements (legal tax etc.).

Key Features:
- General Ledger Accounting (G/L): Records all company transactions.
- Accounts Payable (AP): Manages vendor transactions and payments.
- Accounts Receivable (AR): Manages customer transactions and receipts.
- Asset Accounting (AA): Tracks company assets depreciation and valuation.
- Bank Accounting: Manages bank transactions and reconciliations.
- Special Purpose Ledger: Custom ledgers for flexible reporting.

Objectives:
- Accurate financial statements (Balance Sheet Profit & Loss)
- Integration with other modules (MM SD etc.)
- Compliance with accounting standards (e.g. IFRS GAAP)

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## SAP Controlling (CO)

Purpose:
The CO module supports internal reporting and decision-making by tracking and managing costs and performance.

Key Features:
- Cost Element Accounting: Captures expense and revenue information.
- Cost Center Accounting: Monitors costs by departments or locations.
- Internal Orders: Tracks costs for specific projects or jobs.
- Profit Center Accounting: Analyzes profit by business units.
- Product Costing: Calculates costs for manufacturing products.
- Profitability Analysis (CO-PA): Analyzes profitability by products customers markets etc.

Objectives:
- Budgeting and cost control
- Profitability and performance analysis
- Allocation and settlement of costs

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## Integration between FI and CO

- Transactional Flow: Many transactions (e.g. invoice postings goods movements) update both FI and CO simultaneously.
- Master Data Sharing: Organizational structures (like company codes cost centers) are often shared.
- Real-Time Updates: Costs and revenues posted in FI are immediately available for analysis in CO.

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## Sample Business Process Flow

1. Purchase Order Creation (MM)
2. Goods Receipt (MM) FI document posted
3. Invoice Receipt (MM/FI) AP updated expense posted to cost center (CO)
4. Payment to Vendor (FI)
5. Month-end Close (FI/CO) Allocations settlements financial reporting

SAP Financial Accounting & Controlling SAP Financial Accounting (FI) Purpose: The FI module is designed to record process and report financial transactions. It ensures compliance with external reporting requirements (legal tax etc.). Key Features: - General Ledger Accounting (G/L): Records all c...