SAP FICO

SAP FICO stands for Financial Accounting and controlling. SAP FI (Finance Accounting) is used in External Reporting for example Balance sheet & Profit and loss account.

SAP FICO module is very robust and covers almost all business processes encountered in various industries (Manufacturing, Retail, Banking etc.). It is one of the very important and widely implemented module in ERP -SAP. Finance (FI) is a module used for reporting both externally and internally as per business need.

SAP FICO is a core functional component in ERP SAP -ECC that allows an organization to manage all of its financial data. The purpose of SAP FICO is to help companies generate and manage financial statement for analysis and reporting and help with effective business planning and decision-making.

SAP FICO module incorporates with other different module of SAP like SD- Sales and distribution, MM -Material Management, PP-Production Planning, QM -Quality Management, CO-Controlling, PS- Project System (WBS), HR-Human Resource module obtains posting from different module MM, SD, PP, SD, HR, PS, PM by integration.

SAP FI module is divided in five sub modules like:

• General Ledger Accounting (GL)
• Account Receivable (AR)
• Account Payable (AP)
• Bank Accounting (BA)
• Assets Accounting (AA)

SAP CO module is divided in five sub modules like:

• Cost Element Accounting.
• Cost Center Accounting
• Profit Center Accounting.
• Profitability Analysis (CO-PA)
• Product Cost accounting.

Who Should Attend

Any Graduate, Any Postgraduate, Final year candidates are eligible. Also, the course is designed for consultants, advisors, seeking to optimize entire warehouse management.