SAP FICO stands for financial Accounting and controlling module of SAP. FICO module has two parts;
- FI (Financial Accounting)
- CO (Controlling)
Financial Accounting
FI module is used for external reporting of an organization i.e. financial statement reporting to shareholders, bankers and other outside agencies interested in the organization or invested their money in it. All the financial transactions are entered in to Financial Accounting. Through Financial Accounting transactions are transferred to other modules like controlling. Financial Accounting is highly integrated with SD (sales and distribution) and MM (Material management). Material related accounting documents are transferred flow from MM to Financial Accounting and all sales related accounting documents are transferred from SD to Financial Accounting module.
Controlling
Controlling (CO) module is used for internal reporting purpose. Management interested to know various cost or profit center wise profitability can use this module. You can also get other internal reports by using it. Controlling collects data from Financial accounting, PP and other modules.Then processed within it to provide different cost related reports like product cost, profitability of a segment, profit center wise balance sheet and profit/loss account.
Cost center accounting, profit center accounting, product costing and profitability analysis (COPA) are sub modules of Controlling.
In our SAP FICO training tutorials we will teach you how to create various master data and other configuration of it. If you have any questions related to SAP FICO topics then click on our contact us page to drop us a mail.
SAP FICO has different sub modules which manage different processes within it. Followings are the sub module;
- General Ledger Accounting
- A/cs payable
- A/cs Receivable
- Asset Accounting
- Cost center Accounting
- Profit Center Accounting
- Product Costing
- Profitability Analysis
- Internal Order
- Project System
Here are different training articles related to SAP FICO
- What is sap
- Create company code in SAP
- Assign company code to company
- Assign company code to credit control area
- Assign Profit center to company code
- Assign company code to controlling area
- Credit control area in sap
- Functional area creation
- Define fiscal year variant
- Delete gl a/c and chart of a/c in FI
- Copy GL a/c
- General ledger a/c balance display
- How to park a document
- Change, display or delete parked document
- Create recurring document
- General ledger account clearing
- How to create house bank
- Create vendor account group
- Create and assign number range to vendor maser
- Copy vendor master record
- Regroup your receivables and payables
- Define vendor tolerance group
- Automatic payment program
- How to specify input tax on non taxable asset acquisition
- what is O2c and P2P
- Automatic account assignment
- Define sample account
- Bank reconciliation statement in sap
- How to import BRS
- How to configure cash journal
- How to post cash journal
- Create chart of depreciation
- Create, change or delete asset master
- Asset retirement with customer
- Asset sale without customer
- Define reconciliation account for customer down payment
- Asset acquisition with vendor
- Account determination in asset accounting
- Specify maximum amount for low value assets
- Depreciation run
- How to configure depreciation key
- Specify depreciation area in asset accounting
- Specify document type for depreciation posting
- Define screen layout for asset master data
- Year end closing in asset accounting
- Specify intervals and posting rules for depreciation posting
- AUC settlement in asset accounting
- How to specify financial statement version for your asset reports
- FI-HR integration
- FICO reconciliation
- Define parallel currency
- How to create financial statement version
- Define accounts for exchange rate difference
- Define accounts for rounding difference
- Define payment block reason in sap
- Define cash discount account
- Maintain terms of payment
- Number range for vendor master
- Number range for customer account
- How to delete customer master data
- Foreign currency valuation
- Carry forward general ledger account balance
- Post, change or display a general ledger document
- Carry forward receivables and payable in sap
- Creation of posting key in sap
- Manage field status group if Gl account
- Cross company code transaction in sap
- Field status of a document entry
- Clear open items in sap
- Posting period variant creation in sap
- Open item management in sap
- Document type and posting key in sap
- Line item display in gl account master
- Group chart of account and country specific chart of account
- Maintain controlling area in sap
- How to maintain version for controlling area
- Maintain number ranges for controlling area
- How to define operating concern in sap
- Cost element category
- Creation of cost center group
- Re-posting in cost center accounting
- Automatic account assignment in sap
- How to create activity type in sap
- Define assessment cycle in sap
- How to create assessment cost element in sap
- Creating distribution cycle in sap
- How to maintain profit center document type in sap
- How to monitor profit center assignment
- How to transfer balance in profit center accounting
You can also find other articles related to FICO module from our category “SAP FICO”. Any one can learn SAP FICO by using our online articles. We write article on a daily basis to update the most relevant aspects of SAP FICO.
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