Now, the foundation for the general ledger is the chart of accounts, that is it has a combination of balance sheet and the income statements. A chart of accounts contains a complete list of all of the accounts utilized in the general ledger for a given company. Financial accounting reports are [...]
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Next part is managerial accounting, i.e. controlling. Managerial accounting is designed to collect data for the preparation and analysis of reports for use by internal users. Earlier, we have seen financial accounting, which collects data for the external users that is to give them the [...]
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Hello everyone! In today’s session, we will learn about the SAP FI module that is FICO module. Now before moving ahead with this, let me give you an overview of what SAP FI module is. SAP FI module has the capability of meeting all the accounting and financial needs of an organization. It [...]
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