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SAP CO (Management Accounting)

Instructor Led Training

  • COURSE BRIEF
  • What is SAP CO?
Duration 5 Weeks
Course Description
Module Codes Number of Days
e-Learning Learning Hub 1 Year
VLC TFIN20 10 Days
VLC TFIN22 10 Days
Certification C_TFIN22_66 1 Attempt
Eligibility Any Graduate or Post Graduate having minimum 6 months of experience in Finance domain. CA and ICWA students also apply
Batch Timings Monday to Friday, 09:30 AM to 06:30 PM
Syllabus (in brief)
  • E- Learning (Self Study)
  • Management Accounting's role in the business
  • Overview of financial accounting components like :- cost center accounting, Internal orders, profit center Accounting, profitability analysis, product costing
  • Organization Units and Master Data of Overhead Management
  • Performing cost center and product cost planning
  • Implementation of cost object controlling
  • Create reports with Report Painter and Drilldown Reporting
  • Data Structures of Profitability Accounting
  • Profit center-Planning
  • Implementation of Profitability Analysis
  • Integrated Case study
  • Certification

SAP Management Accounting (CO) is another important SAP module offered to an organization. It supports coordination, monitoring, and optimization of all the processes in an organization. SAP CO involves recording both the consumption of production factors and the services provided by an organization.

 

SAP CO includes managing and configuring master data that covers cost and profit centers, internal orders, and other cost elements and functional areas.

 

The main purpose of SAP controlling module is planning. It enables you to determine variances by comparing actual data with plan data and thus enables you to control business flows in your organization.

 

SAP CO Integration with Financial Accounting.

 

Both SAP CO and SAP FI modules are independent components in a SAP system. The data flow between these components takes place on a regular basis.

 

Data flows relevant to cost flows to Controlling 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.