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 FICO system enables you to centrally track financial accounting data within an international framework of multiple companies, languages, currencies, and charts of accounts. SAP FICO module mainly deals with essential elements such as fixed assets, accrual, bank, cash journal, inventory, tax accounting, general ledger, accounts receivable, accounts payable, fast close functions, financial statements, parallel valuations, master data governance, and the like.