Dygitech - SAP CO

What is SAP CO?

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.

SAP CO (Management Accounting)

Course Duration: 4 Weeks

Mode

Explore Topic Areas

OLT

Duration

3 Months (200 Hrs.)

Learning Hub Access

Certification

C_TFIN22_66

Course Description:

VLC / ILT

5 Weeks (20 Days)

1 year

Modules

TFIN20

TFIN22

Eligibility:

Any Graduate or Post Graduate with 0 to 8 years of experience in Finance/Taxation domain. CA and ICWA students can also apply

Batch Timings:

Monday to Saturday, 07:00 AM to 10:30 PM
Sunday, 09:30 AM to 6:30 PM

TFIN22

1 Attempt

SAP CO (Management Accounting)

Topic Areas:

Cost Center Accounting

Internal Orders

Product Cost Planning

Profitability Analysis

Define, create and configure cost centers, cost center hierarchies and cost center groups. Determine usage of Cost Center Accounting and type of planning functionality, cost center accounting activity types, cost center characteristics and attributes, planning requirements, plan allocations requirements and actual allocations for cost centers. Configure period end closing for CCA.

Distinguish between order category and order type. Determine plan data, commitments and actual requirements for internal orders and determine period-end closing activities. Define, create and configure internal orders and create a concept for internal order accounting, and customize internal order accounting, determine settlement rules and configure period-end closing for IOA.

Determine and configure product cost planning, define interface from CO-PCP (Product Cost Planning) to CO-PA (Profitability Analysis) and costing versions for alternative costings, determine cost elements structure, cost component structure, planning requirements, costing variants and multi-level costings, and carry out a Price update in the material master record.

Define value fields, characteristics and summary characteristics, determine planning, actual and process flow and security requirements, design process flows and develop authorization concept for reporting of FI / CO data. Configure profitability analysis and determine the operating concern, and assignment to controlling area. Define currency and assign the chart of accounts, result analysis and revenue recognition (in cooperation with FI and SD), and configure period-end closing for PA.

SAP CO (Management Accounting)

Topic Areas:

Profit Center Accounting

Home

Basics of SAP ERP and SAP Solution Manager

Reporting

Create organizational charts for profit centers, determine Profit Centers (in FI in the new GL), create Profit Centers and check master data assignments, and configure period-end closing for PCA.

Describe the SAP ERP Solution and define the integration between SAP ERP and Solution Manager.

Determine general reporting requirements for cost centers, configure cost center reporting, and create report painter reports and drill-down reports.

Organizational Assignments and Process Integration

Define scopes and processes in Management Accounting, cross-company code design, sub-contracting, production execution, sales pricing, inbound freight, stock transfers, inventory valuation and transfer pricing, work in process rules and high-level requirements for organization units. Configure budgeting and availability control settings and period end closing, define statistical key figures and assign the controlling area to company codes and operating concern. Check number ranges and first integration flows with other modules (CO), and configure versions.

Cost Object Controlling

Determine and configure cost object controlling - planning and actuals, and customize and complete cost object controlling in a make to stock scenario and in a make to order scenario. Define WIP, results analysis, variances and revenue recognition (in cooperation with FI and SD) and configure period end closing for cost objects.