SAP FICO

SAP FICO includes two sections, SAP Finance (FI) and SAP Controlling (CO). For a performing financial process, both of them are significant. SAP FI works with overall financial accounting and reporting, SAP CO concentrates on planning and monitoring costs.

SAP FICO is an essential functional element in SAP ERP. It permits an organization to preserve a detailed version of financial transaction data. Earlier, SAP FI and SAP CO were separate modules, but now they are referred to as simply one module.

The purpose of SAP FICO is to assist companies, generate financial statements. For reporting and analysis, there is a need for financial data. It helps in decision-making and effective business planning.

SAP FICO also works with other SAP logistic modules, including (production planning (PP), sales and distribution (SD), Quality management(QM), Materials Management(MM), and plant maintenance (PM).

The syllabus of SAP FICO includes Introduction to ERP, general ledger accounting, financial accounting, accounts payable, accounts receivable, asset accounting, reports, CONTROLLING basic settings for controlling, Cost Center Accounting, CO Internal orders, profit center accounting, COPA Reporting, and integration. At the SAP FICO Classes In Pune, We have a variety of study materials.