Financial Accounting (FI) and Controlling (CO), is a comprehensive module within the SAP ERP system designed to manage an organization’s financial processes & control activities.
The FI module handles financial transaction recording, ledger maintenance, & accounts management, ensuring accurate reporting. On the other hand, the CO module focuses on management accounting, budgeting, & internal reporting for insights into costs & performance. Integration between SAP FICO facilitates seamless financial data flow, offering a comprehensive view of an organization’s financial status.

Covers the setup of organizational units such as company codes, plants, and sales organizations within the SAP system.

Involves recording financial transactions and maintaining the company's financial records in the general ledger.

It works together with other SAP modules like Materials Management (MM), Sales & Distribution (SD) & Project Planning (PP) to share financial information smoothly.
Overall, SAP FICO is integral to effective financial management, ensuring transparency, efficiency, & compliance within the business.
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