What is SAP FICO?
SAP FICO standards for FI (Financial Accounting and CO (Controlling). SAP FICO is an important module in SAP ERP. It works on the ECC model. Both FI and CO modules cover complete business processes related to Financial Accounting and Management Accounting.
Know: Why to learn SAP FICO S4 HANA
What is the use of SAP FICO?
- SAP Finance (FI) is used for external reporting i.e. Balance sheets, Profit and Loss statements.
- FICO integration with Material Management (MM)
- Also, FICO integration with Sales and Distribution (SD)
- Likewise, SAP FICO integrates with Production Planning (PP) and other modules too.
Sub Modules of SAP FI
- General Ledger Accounting
- Accounts Receivables
- Accounts Payable
- Asset Accounting
- Bank Accounting
Sub-Modules of SAP CO
- Cost Element Accounting
- Cost Center Accounting
- Profit Center Accounting
- Internal Orders
- Product Cost Controlling
- Profitability Analysis
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