ERPCorp SAP FICO Blog

Through my careers as cost accountant, accounting manager, project manager, and education consultant I’ve attended many SAP FICO conferences. My first experience with this particular conference was in 2014. I was impressed with the roster of speakers, the breadth of topics, and the size of the event. It is just large enough to draw a diverse cross section of SAP CO users and consultants and just small enough for you to be able to connect with others.

Where else could you chat over lunch with the legendary Janet Salmon?

Internal orders are cost objects in SAP Controlling. They act as temporary cost collectors for short-term projects or events. They are not as structured or permanent as cost centers. There is no standard hierarchy for internal orders, however they can be grouped.

To learn more about SAP internal orders and other SAP FICO topics please visit our new SAP FICO Learning Center, please click here

Here's a tip for settling manufacturing variances to cost based CO-PA.

In this video blog from Controlling 2015, Marjorie Wright covers FI/CO account postings during production processes in SAP from top to bottom.

The Cost Flow Excel worksheet from yesterday’s “Filling in the Gaps FICO Account Posting” session is now available for download (download it now here CostFlow.xlsx). Thanks for your attendance and great questions!”

I hope that this session enabled you to better understand when, and how, values post to Financial Accounting and Management Accounting. 

I’m not sure if anyone on our first SAP implementations truly understood the costing flow. It is one gift to understand SAP technically, and quite another to understand it as an accounting process. I’m sure you’ve had similar experiences, especially in Product Costing and Cost Object Controlling. As a Senior Education Consultant at SAP, my first goal was to educate myself! Once I began working in the classroom with students, I found they were as confused as I had once been. As an SAP educator, I’ve made it my mission to simplify explanations of these intimidating topics.

Today, we are profiling Controlling 2015 speaker Marjorie Wright. Marjorie Wright is the founder of SimplyFI-CO, LLC: a boutique SAP training consulting company. She is an accomplished subject matter expert in SAP ERP business process and customizing and is a highly respected education consultant in the components of Financial Accounting, Management Accounting, and Financial Supply Chain Management.