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SAP FI ( Financial Accounting ) is one the functional module. Company-wide control and integration of financial information is essential to strategic decision making, SAP ERP Financials enables you to centrally track financial accounting data within an international framework of multiple companies, languages, currencies, and charts of accounts.SAP FI module mainly deals with Fixed asset, accrual, bank, cash journal, inventory, and tax accounting , General ledger,Accounts receivable/accounts payable AR/AP, Fast close functions,Financial statements,Parallel valuations,Master data governance. SAP FI Consultants are responsible for implementing Financial Accounting with SAP ERP Financials.
SAP CO (Controlling)
SAP CO ( Controlling ) is on the functional module and it provides you with information for management decision-making. It facilitates coordination, monitoring and optimization of all processes in an organization. This involves recording both the consumption of production factors and the services provided by an organization. Controlling (CO) and Financial Accounting (FI) are independent components in the SAP system. The data flow between the two components takes place on a regular basis. Some of the main components of SAP CO module are Cost Element Accounting, Cost Center Accounting, Internal Orders, Activity-Based Costing (ABC), Product Cost Controlling, Profitability Analysis, Profit Center Accounting.
SAP LO (Logistics)
SAP LO (Logistics) is a functional module that provides you tools to monitor carrier performance, gain greater visibility into supply chains, and provide accurate and up-tothe-minute information about shipments and supply chain performance. You can also anticipate customer demands, develop and market new services, manage your service portfolio, and analyze customer profitability to focus on your most profitable customers. Transportation, purchasing, warehousing are some of the main tasks involved in logistics module. .