Objectives
After completing this lesson, you will be able to:
As you just learned, Accounting is divided into two major areas: Financial Accounting (FI) and Management Accounting (CO). Let’s start this lesson with Financial Accounting.
Financial Accounting itself consists of different areas: The General Ledger (G/L) and various subledgers.
Watch the following video to learn more about Financial Accounting.
Let’s test your newly acquired knowledge on Financial Accounting. Andy could use a helping hand.
Alright, it seems that you are now ready to focus on Management Accounting (CO).
CO contains all the functions necessary for controlling cost and revenue effectively. It covers all aspects of management controlling and includes many tools for compiling information for Bike Company’s management.
Controlling processes data, which comes from other SAP solutions. The following video introduces the different areas of Controlling and its basic value flow with Financial Accounting.
Watch the following video to get an overview of the areas in CO.
Let’s test your newly acquired knowledge on Management Accounting. Andy has a question for you, see if you can advise him.
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