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SAP FICO Instroduction


INTRODUCTION

SAP stands for System Application and Products in data Processing

FI stands for Financials 
CO stands for Controlling

Version : ECC6

ECC stands for ERP Central Component

SAP was released in 1972 – It head quarters in Germany

What is ERP?

ERP stands for Enterprise Resource planning, it is integrated all functions in one system.

                                    Organization
                                                |
------------------------------------------------------------------------------------------
            |                                   |                       |                                   |
Purchase Dept.        Store Dept.    Production Dept.      Accounts Dept.

Will have no of departments in organization. ERP integrate all the functions  into one system.

It will facilitate free flow of data among the departments.

Advantages:
Once stores person updates in the system – It can be shared by account person.
No mismatch in reporting – Data Source is only one once updation.

Store Department at Factory: Where the material is received are updates his records send the bill to account person.
Accounts department at City office : Pass an entry in the books

Disadvantages:
Duplicate job
Time gap.

ERP Packages:

SAP, Oracle, Financials, Peoples soft, BAAN , J.D.Edwards
1972- SAP R/1 – Real time data processing
1980-SAP – R/2 Included no.of countires and no.of currencies
1990 – SAP R/3- R/3 stands for
Data Structure

1.Application Server
2.Data based server
3.Presentation
1999 – My SAP.com – Web baed
2004 – Net weaver – Integrates information, people and process.