: Manages bank statement reconciliations and payment processing. Controlling (CO) :
The system is divided into two major parts: for external financial reporting and CO for internal cost management. Financial Accounting (FI) :
: Analyzes internal profits for individual business segments. SAP FICO i
: Tracks expenses for specific departments or functions.
: Manages vendor transactions and outgoing payments. SAP FICO i
: The central record for all financial transactions.
: Tracks the lifecycle of fixed assets from acquisition to retirement. SAP FICO i
SAP FICO (Financial Accounting and Controlling) is a core functional module in SAP ERP used for internal and external financial reporting. This guide provides a structured overview of its primary components and basic configuration steps.