The SAP FICO (Financial Accounting and Controlling) module is a core component of the SAP ERP system, designed to streamline and integrate financial processes within an organization. It comprises two primary sub-modules: Financial Accounting (FI) and Controlling (CO).
The SAP FICO (Financial Accounting and Controlling) module is a core component of the SAP ERP system, designed to streamline and integrate financial processes within an organization. It comprises two primary sub-modules: Financial Accounting (FI) and Controlling (CO).
Financial Accounting (FI):
This sub-module focuses on external reporting and financial statements. It manages accounting data, ensuring compliance with legal requirements and standards. Key functionalities include general ledger accounting, accounts payable and receivable, asset accounting, and bank accounting.
Controlling (CO):
This sub-module deals with internal reporting and management. It aids in planning, monitoring, and optimizing business processes. CO supports various aspects like cost center accounting, profit center accounting, internal orders, and activity-based costing.
Together, SAP FICO facilitates real-time financial processing, accurate financial reporting, and effective internal cost management, providing organizations with a comprehensive and integrated financial management solution.
SAP FI/CO Module Syllabus:
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