Configuring SAP ERP Financial and Controlling

Customize the FI and CO modules to improve your ERP implementation

The Financials (FI) and Controlling (CO) modules are the backbone of any SAP ERP implementation. Configuring SAP ERP Financials and Controlling is the only book of its kind to show you how to configure and implement SAP's two most popular modules in order to meet all your business requirements.

This practical guide provides hands-on, step-by-step instructions and real-world examples for the most frequently used FI and CO submodules found in SAP ECC 6.0. You'll be able to apply what you've learned so that you can customize your system to meet your accounting, financial, planning, and reporting needs. In addition, you will learn skills that you will be able to apply to other areas of functionality within the SAP suite.

• Record accounts payable postings generated from vendor purchasing activity
• Document all accounts receivable postings due to customer sales activity
• Provide up-to-date information on financial accounts by displaying the General Ledger in real time
• Learn how to manage your credit exposure
• Gain insights on how foreign currency translations work and how to forecast cash flows
• Create Cost Centers for functional areas within your organization
• Track costs of a specific job, service, or task
• Collect information on your company's profit or contribution margin by business segment
• Set up Profit Centers to identify product lines, divisions, offices, and more

About the Authors

Peter Jones is a principal/platinum business applications consultant with SAP Professional Services Consulting specializing in Controlling (CO), Enterprise Controlling (EC), Auditing, Business Intelligence (BI), Strategic Enterprise Management (SEM) and Corporate Performance Management (CPM), Enterprise Information Architecture, and Enterprise Data Warehouses. He has more than 10 years of consulting and educational experience in a variety of strategic and leadership roles, focused on Controlling, Profitability Analysis, Strategic Enterprise Management, Corporate Governance, Data Warehousing, Business Intelligence, and Business Analytics. Peter's diverse professional background includes not only consulting experience but also participation in the academic areas of Finance, Controlling, Data Warehousing, Enterprise Management, and Corporate Governance. He is serving as an SAP principal/platinum business consultant for areas including CO/BW/SEM. He has been involved with numerous implementations for BI and ECC, from the Blueprint phase to the Go]Live Process. His responsibilities include being a subject]matter expert in all the areas listed earlier; an active presenter at conferences including ASUG, BI conferences, and Shappire; and editor/writer for FICO Expert and BI Expert. Along with consulting, he has been involved with the academic world in developing and presenting numerous topics for the University Alliance, which included topics in the areas of CO, BI, Auditing, and SEM. He has a master's degree from Drexel University in finance and is SAP certified in the areas of FI, CO, BW, and SEM. Prior to SAP, he owned his own business for 15 years working in the area of accounting and finance.

John Burger has a dual finance and law degree from Rhodes University. He has more than 20 years experience in finance and SAP consulting. John's career has spanned the ship fleet and cargo freight management, high]tech, management consulting, and pharmaceutical industries. John has 10 years of experience as a SAP consultant.

As a consultant, John has serviced several Fortune 100 companies and led successful initiatives encompassing major SAP implementations, business process reengineering, and mergers and acquisitions of multibillion dollar companies. The projects resulted in him working in seven countries, across four continents, implementing solutions in all of the modules within FI/CO, including ABC and COPA.

He now works at McKesson, a Fortune 18 company.