Overview of the

SAP S/4 HANA FI Module

-By Aaditya Rathore

 SAP Finance and Controlling (FICO) is a core module in SAP
ERP where FI stands for Financial Accounting and CO
stands for Controlling. SAP FICO module is very robust and
covers all financial processes followed in diverse
industries.
 SAP FI/CO module is the back bone of SAP accounting as it
records financial transactions of movements of goods,
services and all other business transactions between the
company and its customers & vendors.
 SAP FICO can be easily integrated with other SAP modules
mainly MM, SD, PS, PP, HCM, Payroll, SuccessFactors, etc.
There are many sub-modules that streamline and specialize in
each aspect of the Financial Accounting Processes:

AA – Asset Accounting
AP – Accounts Payable
AR – Accounts Receivable
BL – Bank Accounting
FM – Funds Management
GL – General Ledger Accounting
LC - Legal Consolidations
SL – Special Purpose Ledger
TM – Travel Management
Where Do We Use SAP FI?
SAP FI module enables you to manage financial accounting data within an
international framework of multiple companies, currencies, and languages. SAP FI
module mainly deals with the following financial components −
Fixed asset
Accrual
Cash journal
Accounts receivable and payable
Inventory
Tax accounting
General ledger
Fast close functions
Financial statements
Parallel valuations
Master data governance
SAP FI consultants are mainly responsible for implementing Financial Accounting
and Cost Accounting with SAP ERP Financials.
YOUR BENEFITS WHEN USING

SAP S/4 HANA FINANCE

 Financial closures in real time:

Precise planning and forecasts:

Comprehensive reporting and

analysis functions:

Link between controlling and

accounting
Higher user acceptance:
Single Source of Truth:
SAP Best Practice
Best Way to Run a Business
SAP is the world’s leading business software company
For over 40 years, SAP has turned technological change into customer value
In the digital core, SAP’s next-generation business suite SAP S/4HANA helps
companies harness “live” data for immediate action

Companies can now run real time – based on a holistic

view of the organization, instant insights, and
predictive analytics
Total transparency
• Get a 360° view in real time
• Visualize insights in context
• Align on one source of truth
Now with more than 43000 customers
worldwide SAP is serving its clients with more
experience and best knowledge they have.

So when a new Company decides to implement

SAP, SAP serves the best practise advise, with
best business knowledge & experience behind
the system in the same industry.