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 sap training in vijayawada | s ap course in vijayawada | sap coaching in vijayawada SAP stands for  Systems, Applications, and Products in Data Processing .  It is a German multinational software company that develops enterprise resource planning (ERP) software and related business applications.  SAP is also the name of the software created by the company.  Essentially, SAP is a widely used system that helps businesses manage their operations and customer relations.  

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SAP FICO Introduction

SAP FICO stands for Financial Accounting and Controlling. It is an essential module of ERP and FI and Co modules stores the transactional and financial data.
  • SAP FI (financial Accounting) is used in external reporting I.e. P&L statements and Balance sheet.
  • SAP FICO Module incorporates with the other different modules of SAP like MM-(Material Management), SD-(Sales & Distribution), PP- (Production Planning), PM- (Plant Maintenance), and PS-(Project Systems).
  • SAP FI (financial Accounting) Module obtains postings from the different modules like Materials Management, Sales & Distribution, and Human Resource) by integration.
  • All the accounting-relevant transactions made in logistics (LO) are posted real-time to Financial Accounts by automatic account identification. This data also can be passed to Controlling (CO).

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