Introduction or Basic of SAP FICO

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Introduction or Basic of SAP FICO
SAP FI stands for Financial Accounting and it is one of important modules of SAP ERP. It is used to store the financial transaction of an organization. SAP FI helps to analyze the financial status of a company.
SAP FICO is a module of SAP ERP which is used for financial reporting both externally and internally
SAP FI is a submodule of SAP FICO.
To understand process of SAP FI functionality use and implementation. It is divided in many sub-module or we can say that
SAP FI module mainly deals with the following financial components
1. Enterprise Structure
2. General Ledger Account
3. Account Receivable
4. Account Payable
5. Asset Accounting
6. Bank Accounting
7. Cash Accounting
8. Integration with SD
9. Integration with MM

SAP Controlling (CO) is another important SAP module offered to an organization. SAP CO are managing and configuring following master data
1. Cost Centers
2. Profit Centers
3. Internal Orders
4. Cost Element
5. Activity Based costing
6. Product Costing
7. Profitability Anasysis

This is an introductory tutorial that covers the basics of SAP FICO and how to deal with its various modules and sub-modules.

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