What is SAP FICO?
SAP FICO is an integrated module comprising two main components: Financial Accounting (FI) and Controlling (CO). Each component has distinct functions, but together they provide a comprehensive solution for managing financial records and supporting operational needs.
SAP FI (Financial Accounting):
The FI component is responsible for external financial reporting, allowing organizations to manage their financial data for accurate statements and compliance. It includes functions like general ledger (GL), accounts payable (AP), accounts receivable (AR), asset accounting, and financial [reporting.]
SAP CO (Controlling):
CO, on the other hand, focuses on internal reporting and cost management. It helps organizations track and manage their internal costs, budgets, and performance. Key sub-modules in CO include cost center accounting, profit center accounting, internal orders, and product costing. https://www.mylearnnest.com/best-sap-fico-training-in-hyderabad/
Top comments (0)