What is SAP FICO about?

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asked Apr 14, 2023 in H&E by ishaa5 (140 points)

What is SAP FICO?

SAP FICO is a module of the SAP ERP system that is designed to handle all financial and accounting processes within an organization. The module consists of two major components: SAP Financial Accounting (FI) and SAP Controlling (CO).

SAP Financial Accounting (FI) is responsible for managing an organization's financial transactions. This includes managing accounts receivable and accounts payable, managing general ledger accounts, and managing tax accounting. SAP FI also provides features for managing financial statements, managing budgets, and managing cash flow.

SAP Controlling (CO) is responsible for managing an organization's internal accounting processes. This includes managing cost centers, profit centers, and managing product costing. SAP CO also provides features for managing budgeting and forecasting, managing performance analysis, and managing profitability analysis.

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