SAP CO (Controlling) Training - learn SAP FICO
Link to this course(special discount)
https://www.udemy.com/course/sap-co-t...
SAP CO (Controlling) Training - learn SAP FICO
What you will learn in this course ?
What you'll learnIntroduction to SAP ControllingBecome an SAP FICO ConsultantPrepare for SAP CO and SAP FI Certification examsControlling Basic settingsCost Element AccountingCost Center AccountingCO Integration with Production PlanningBOM, Routing, Work Center MRP RunMulti-level Product Cost ControllingUnit Cost EstimateProduct Cost Planning with Quantity StructureCO-PA Profitability Analysis - Account based COPA, Costing Based COPAInternal OrdersProfit Center AccountingProduct Cost by OrderWork in Process CalculationVariance CalculationSettlementActual Costing with Material LedgerShow moreShow less
SAP CO (Controlling) is a key SAP module that supports coordination, monitoring, and optimization of all processes in an organization. SAP CO involves recording both the consumption of production factors and the services provided by an organization. It includes managing and configuring master data that covers cost and profit centers, internal orders, other cost elements and functional areas.The main purpose of SAP CO module is planning. CO enables you to determine variances by comparing actual data with plan data and thus helps you to control smoothly the business flows in your organization.Both SAP CO and SAP FI modules are independent components in an SAP system and data flow between these components takes place on a regular basis. Data flows relevant to cost flow into Controlling module from Financial Accounting. At the same time, the system assigns the costs and revenues to different CO account assignment objects, such as cost centers, business processes, projects or orders.In essence, the SAP Controlling module provides information to managers & decision makers to understand where the company's money is being spent. While the purpose of SAP FICO is to help companies generate and manage financial statements for analysis and reporting and help with effective business planning and decision-making, the SAP CO module within FICO focuses more narrowly on planning and monitoring costs.
SAP CO comprises of sub-modules that handle specific processes:Cost Elements provide an overview of all the company's costs and revenues based on profit and loss statements, which are also known as income statements. Cost element accounting describes the origin of the costs, and the cost elements represent specific costs that the company incurs.Cost Centers deal with the costs associated with the company's internal divisions or departments, such as sales, production, marketing or human resources. Cost Centers involves only expenses, not revenues.Profit Centers handle all of the cost data related to the company's business lines. It deals with both expenses and revenues, unlike Cost Centers, which deals only with expenses. For example, a global consumer products company may use Profit Centers for health products, soaps and detergents, cosmetics, food and beverages, and so on.Internal Orders are used to manage the costs for smaller internal projects or non-fixed assets -- for example, a limited-time marketing campaign.Profitability Analysis enables the company to analyze the profitability of its products. For example, Profitability Analysis can be useful for making decisions on matters like product pricing, distribution channels, or target market segments. It also allows levels of detail in analyzing profitability, such as for each region or country, product types and distribution channels, down to individual customer profitability.Product Costing manages the data about costs required to produce the company's goods and services. Product costing analysis can help manage manufacturing costs and optimize efficiencies.
This SAP CO training by Uplatz focuses on providing comprehensive knowledge of SAP Controlling concepts with live examples and scenarios. SAP CO training will help you master the functionalities and configurations available within SAP CO module. Uplatz's SAP CO course will help you gain sufficient knowledge to appear in SAP CO Certification exam and apply for jobs in SAP Controlling area.
SAP Controlling course curriculum
1. Controlling Basic settingsa) Define Controlling Areab) Define Number Range for Controlling Areac) Maintain Planning Version
2. Cost Element Accountinga) Creation of Primary Cost Element from FIb) Creation of Primary Cost Element from COc) Default Account Assignmentd) Creation of Activity Typee) Creation of SKF
3. Cost Center Accountinga) Cost Center Standard Hierarchyb) Creation of Cost Center & Cost Center Groupsc) Posting to Cost Centersd) Re-posting of CO line itemse) Planning of Cost Centersf) Overhead Calculationg) Period End clo
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