OVERVIEW OF SAP FICO

Over the years, different modules in SAP were

developed for different processes. SAP Finance and Controlling (FICO) is
one of the most widely used SAP modules. SAP FICO module includes
SAP FI configuration and SAP CO configuration.

SAP FI MODULE

SAP FINANCIAL ACCOUNTING as the term suggest

upgrade finance management in enterprises. Finance is the most critical
part of the every business. Its become very stressfull and complex to
manage the entire financial accounting module comes with the package
that helps organization in financial needs and accounting activities. It
allows one to review the financial activities of the organization. This
module has some popular components like accounts receivable, accounts
payable, asset counting, general ledgers.

SAP CO MODULE

SAP CONTROLLING MODULE is the another important

module in SAP. SAP CO user is consists of master data, configuration and
reporting. Master data is nothing about the cost elements like revenue,
profit margin of the organization. This module helps you to get a better
finance reporting and helps you manage reports and manage records.

The most advantageous fact in SAP FICO implementation in organization.

Track cost heads,make a plan for future accordingly. keep tracking of cost
for specialized events and assign them to the particular departments
accordingly. Bulid a report on sales and profitability ensure through the
product.

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