About SAP FICO Online Training

What is SAP FICO? 

SAP FICO means Financial Accounting (FI) and Controlling (CO) module. It is vital module in ERP and this modules stores substantial measure of budgetary exchanges information.SAP  FICO module is utilized for the individuals who are as a part of Finance and Accounting Profession. In 1972, SAP was established propelling business arrangements that help sorting out procedures in enterprises.

Features of SAP FI(Financial) Module :

• SAP FICO is the core module which deals with every single budgetary exchange for inner and in addition outside examining reports and this is exceptionally Flexible to utilize.

• SAP FI consolidates with different modules, for example, SAP SD, SAP MM, SAP PP… and so forth.

SAP  FI  Contains the following Sub-Modules:

1. General Ledger accounting

2. Accounts Receivable

3. Accounts payable

4. Fixed Asset Accounting

5. Travel management

Features of SAP CO (Controlling) Module:

SAP Controlling (CO) is the perspective purpose of inward bookkeeping. It gives key choice making data and operational bits of knowledge to the organization administration.

SAP  CO  Contains the following sub-Modules:

1. Cost Element Accounting

2. Cost Controlling

3. Cost Center Accounting

4. Internal Order Accounting

5. Activity Based Costing

6. Profit Center Accounting

SAP Organizational Structure : 

To see any ERP and its abilities, it's basic to fathom its various leveled structure. SAP Organizational structure joins strange state dynamic framework for an affiliation.

Basic Organizational Structure for SAP FICO is as below:

Operating concern >Controlling area >Company code > Sales Organizations /Plants/ Purchase Organizations

This is the fundamental authoritative  structure in SAP. It is legitimate for FICO additionally distinctive modules, for instance, Sales and Distribution (SD), Material Management (MM) and Financial Supply Chain Management (FSCM) as well.