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Hello Friends, FICO & FSCM are the modules which are most important with CA/CWA/CS & MBA FINANCE..

FICO STANDS FOR FINANCIAL ACCOUNTING AND CONTROLLING. BOTH STORES THE FINANCIAL TRANSACTION DATA. SAP FI IS USED FOR EXTERNAL REPORTING. ALL ACCOUNT RELEVANT TRANSACTIONS WHICH ARE MADE IN LOGISTICS ARE POSTED REAL TIME TO FINANCIAL ACCOUNTING BY AUTOMATIC ACCOUNT DETERMINATION. THIS DATA CAN BE PASSED ON TO CONTROLLING.. CO MODULE IS USED FOR INTERNAL REPORTING PURPOSE. CONTROLLING AREA IS THE ORGANISATION UNIT USED TO REPRESENT S THE CONTROLLING ACTIVITES OF COST CENTRE ACCOUNTING, PROFIT CENTER ACCOUNTING AND PROFITABILITY ETC.

Financial Supply Chain Management (FSCM) in simple terms means managing demand and supply of cash/cash equivalents. SAP has come out with SAP FSCM functionality or suite of applications to manage this more effectively and efficiently thus helping companies to manage the costs associated with this process better. In this posting we will look at what are the features and functionalities available in SAP FSCM and how it can be leveraged better for the benefit of business. Key business areas where SAP FSCM functionalities can be leveraged are input for more efficient working capital management, receivables management and cost management of payments. SAP FSCM functionalities are enabled by SAP Netweaver technology to enhance the reach and better integration - both within and outside the organization applications as well as integrated within SAP ERP Financials.

FOR MORE INFO ON FSCM AND FICO, AND WHY IT IS USEFUL FOR FINANCE BACK GROUND STUDENTS, PLZ MAIL YOUR QUERY AT mytricks77 @ gmail.com ..

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