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ERPCorp SAP FICO Blog

Tips on how to reconcile costing based CO-PA and GL

Why should we worry about reconciling costing based Profitability Analysis (CO-PA) to the GL? After all, GL is the book of record from an external reporting stand point. However, CO-PA has several advantages that the GL does not provide. For example, CO-PA can give us details on revenue and cost of sales (COS) split by sales order, product line, customer, etc. as opposed to the GL, which gives us only total revenue and total COS. CO-PA allows us to drill down to the details of a company’s profitability – customer, product line, which can be especially useful when forecasting future sales/COS. Therefore, CO-PA is an important financial tool; however for it to be accurate, we need procedures to reconcile or explain differences between CO-PA and the GL. 

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Controlling 2014 Speaker Profile: Joe Cravero

This week we are profiling Controlling 2014 speaker Joe Cravero, Project Manager on the SAP Financial and Controlling’s Enterprise CO (Controlling) support team at Deere & Company.

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Analyze the financial entries in make-to-order manufacturing

Think back to the last time you ordered a desktop computer online. You probably spent some time configuring your exact needs: the size of the monitor, the amount of memory, the hard drive space, the type of keyboard and mouse – the combinations seem endless!

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5 tips for SAP Material Master buyer and planner functions webinar now available for download

On January 31, 2014 SAP Material Master – A Practical Guide author Matt Johnson shared his top 5 tips for buyer and planner functions in SAP Material Master.

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Keep your Finger on the Pulse: How to Stay Informed of SAP Trends & Technologies

A significant, but often overlooked, part of an SAP professional's career is remaining cognizant of the latest SAP trends and technologies. While many of us are in the nitty-gritty details of our SAP implementation, a big picture view of our organization, project, and SAP as a technology company allows us to stay focused on whats really important. To be successful SAP professionals, we need to know the latest and greatest news about SAP upgrades, enhancement packs, and strategies and understand how they impact our focus area. 

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Expanding Your Network: How Self-branding Can Benefit Your Career

We hear it all the time: “The most important brand you will ever develop is the one you create for yourself.”

Last week was a series of bitter-sweet moments for me, as one of our Chief Officers said goodbye to itelligence after a 13-year tenure. Fostering meaningful relationships is a skill which cannot be easily learned nor taught, but that’s not to say it’s impossible. Prior to his departure, Mr. Chief Officer, left us post-grads with a valuable piece of advice: take ownership of your career because no one else will. In October, Forbes published an article entitled “6 Things That Could Be Hurting Your Personal Brand.” The number one self-branding mistake? “You haven’t clarified your purpose.” Both workforce veterans and young professionals alike often have difficulty articulating their M.O. (main objective). We’ve all been groomed from a very young age to be humble, to be respectful, to wait our turn in line; but if there’s anything I’ve learned from Mr. Chief Officer it’s that you don’t become Chief Officer in your mid-30s because you had a problem asserting yourself.

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SAP Material Master: Avoid pitfalls through formal documentation tailored to your organization

Matt Johnson

In advance of Matt John's upcoming webinar, we are reposting one of his recent blog posts. Join Matt for a webinar on his top 5 tips for buyer and planner functions in SAP Material Master on Friday, January 31 at 12:00 PM EST/11:00 AM CST/ 9:00 AM PST. Reserve your place now. 

At the heart of SAP materials management is the material master.  From forecasting requirements to post-sales distribution and everything in between, the settings you make in the material master, along with your organization’s specialized features that are created in SAP customization to govern the specific rules of those settings, will control just about every action associated with each material you inventory.  

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SAP HANA and SAP Controlling – New Opportunities and New Challenges Webinar Now Available for Download

On July 11, 2013 Janet Salmon, Chief Product Owner for Management Accounting at SAP AG, delivered a webinar to the SAP Controlling Community on SAP HANA and SAP Controlling – New Opportunities and New Challenges.”

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Controlling 2013 Speaker Profile: Naveen Tandon, Project Manager at Deere & Company

This week we are profiling Controlling 2013 speaker Naveen Tandon, Project Manager at Deere & Company.

How did you get your start with SAP and SAP Controlling?  

I was working with Montgomery Elevator Company.  They were bought out by KONE Inc. in 1994.  The new company decided to switch to SAP system in 1999.  I always had an interest in computers and with my background in Engineering & Finance, it seemed like an obvious fit for my interests.  I joined the SAP FICO team.  The KONE team from Finland and local FICO team collaborated for SAP R/3 implementation in 2000.   

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Controlling 2013 Speaker Profile: Michael DeLeo, Finance Systems Manager at CareFusion, Inc.

Michael DeLeoThis week we are profiling Controlling 2013 speaker Michael DeLeo, Finance Systems Manager at CareFusion, Inc.

How did you get your start with SAP and SAP Controlling?

I have worked in SAP my entire career, but my first role with exposure to CO was as a cost accountant in Villamarzana, Italy (a small town between Bologna and Venice).  It was my first role as an expat and my first role in cost accounting, but I was quickly exposed to the mechanics of CO and the nuance to its relationships with MM and FI.

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