The term for both of the SAP modules ( FI and CO) is SAP FICO. Also, it is a vital core feature of the SAP ERP Central Component that helps businesses manage all of their financial data. An organization can securely maintain a full version of its financial transaction data by utilize SAP FICO Course.
Features of SAP FICO Asset Accounting: SAP FICO offers features such as asset monitoring and depreciation for managing fixed assets. Accounts Payable and Receivable: SAP FICO provides tools for handling accounts payable and receivable such as processing invoices and handling payments. Cost Centre Accounting: SAP FICO offers features for tracking / reporting expenses related to several divisions & business units. Accounting for Profit Center: SAP FICO offers features for tracking and reporting on earnings related to various divisions & business units. Internal Orders: SAP FICO has the ability to manage internal orders, which are used to monitor expenses related to particular activities. Planning: SAP FICO offers tools for creating projections and budgets that are useful for financial planning and decision. Financial Statements: Cash flow, income and balance sheets are just a few of the financial statements that can be created with SAP FICO's functionality. Financial Reports: For financial analysis and decision-making, SAP FICO offers a comprehensive range of financial reports, such as balance sheets, income statements and cash flow statements. Conformity: SAP FICO offers tools to assist business in adhering to national and international accounting laws and standards.