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SAP FICO Introduction
SAP FICO stands for money Accounting and dominant. it's a vital module of ERP and FI and Co modules stores the transactional and money information.
SAP FI (Financial Accounting) is employed in external reportage I.e. P&L statements and records.
SAP FICO Module incorporates the opposite totally 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 various modules like Materials Management, Sales & Distribution, and Human Resource) by integration.
All the accounting-relevant transactions created in the supply (LO) area unit announce time period to money Accounts by automatic account identification. This information can also be passed to dominant (CO).
SAP FI Modules Includes the below sub-modules
General Ledger Accounting
Accounts collectible
Accounts owed
Assets Accounting
Bank Accounting
Consolidation
Fund Management
Special Purpose Ledger
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