What is SAP FICO | SAP FICO-Introduction | SAP FICO Full Introduction | FICO in sap | FICO

What is SAP FICO?

SAP FICO is an SAP ERP module used for both external and internal financial reporting. The objective is to record all entity’s financial transactions and prepare accurate financial statements at the end of the trading period. The full form of SAP FICO is FI (financial accounting) and CO (control).

This basic SAP FICO tutorial explains the SAP FICO overview and the main functions of the SAP FICO module.

 

SAP FI consists of SAP FICO sub modules. Commonly us submodulesles are Receivables, Payables, Asset Accounting, General Ledger, and Bank Accounting.

 

All sub modules are interconnected and integrated in real-time. The check balance can be drawn at any time and will always be settled because all sub-modules are connected. The following diagram shows the integration between SAP FICO modules.