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SAP FICO module serves as a financial accounting tool, aiding organizations in managing their accounting processes. Included within SAP ERP, SAP FICO is available and ideal for archiving sensitive company data such as payroll and accounting records. SAP FICO is a core functional module in SAP ERP that facilitates organizations to manage their financial data, generate financial statements, and analyze reports. SAP FICO comprises two core modules – Financial Accounting (FI) and Controlling (CO). Introduction SAP FICO Module SAP FICO is a critical functional element that is a vital functional component SAP ERP Central Component that allows an organization to manage all its financial information. SAP FICO allows a company to save a full backup of the financial transaction data. Particularly, the goal to use SAP FICO is to help businesses create and manage financial statements to aid in analysis and report-writing, in addition to aiding in the course of business planning and decision ... SAP FICO is made up of two components: SAP Finance (FI) and SAP Controlling (CO). Both of these modules are intended to perform specific tasks. What is SAP FICO? The SAP FI module is responsible for financial accounting and reporting. The CO module is concerned with cost control and financial planning.
