SAP Controlling (or SAP CO) is a module belonging to the SAP system, otherwise known as SAP FICO from the English acronym for Financial Accounting and Controlling. It is a module that facilitates management decisions regarding the profitability of the company.
SAP Controlling allows you to control costs and revenues from transactions that take place within the company for internal accounting purposes as opposed to SAP FI. The main difference between the two areas is that FI is mainly used for external reporting, while CO is for internal reporting of profits, losses and the creation of balance sheets.
The SAP CO area facilitates the planning, recording and tracking of business transactions. It also includes various types of monitoring and cost management methods that are required for financial reporting. In short, SAP CO deals with the coordination, optimisation, as well as monitoring of all business processes in an organisation.
Like any person who ties his or her career to SAP, the SAP CO Consultant must have a strong knowledge of business solutions and be able to move well in this area. While discussing specialisation in Controlling, the knowledge in analytics and accounting should also be mentioned. It follows that this position requires the following skills: