The SAP FICO (Financial Accounting and Controlling) module is an essential part of SAP ERP (Enterprise Resource Planning) and encompasses various sub-modules and functionalities. Here is a list of some key modules within SAP FICO:
- General Ledger Accounting (FI-GL):
- Manages the company’s general ledger, including chart of accounts, posting transactions, and financial statement preparation.
- Accounts Payable (FI-AP):
- Handles vendor invoices, manages outgoing payments, and tracks outstanding liabilities.
- Accounts Receivable (FI-AR):
- Manages customer invoices, tracks incoming payments, and handles customer account management.
- Asset Accounting (FI-AA):
- Tracks and manages fixed assets, including acquisition, depreciation, retirement, and asset valuation.
- Bank Accounting (FI-BL):
- Handles bank transactions, bank statement reconciliation, and cash management.
- Controlling (CO):
- Provides cost and management accounting functionalities to support decision-making. It includes various sub-modules:
- Cost Element Accounting (CO-OM-CEL): Tracks the costs associated with specific cost elements.
- Cost Center Accounting (CO-OM-CCA): Manages cost centers, tracks costs and activities, and supports cost allocation.
- Internal Orders (CO-OM-OPA): Tracks costs and revenues for specific internal projects or events.
- Profitability Analysis (CO-PA): Analyzes the profitability of products, customers, and market segments.
- Product Cost Controlling (CO-PC): Calculates and controls the costs associated with manufacturing products.
- Profit Center Accounting (EC-PCA): Tracks profits and losses of individual profit centers within the organization.
- Travel Management (FI-TV):
- Handles travel expenses, reimbursement, travel planning, and expense reporting.
- Special Purpose Ledger (FI-SL):
- Provides a flexible tool for creating customized financial reports and tracking specific financial information.
- Funds Management (FI-FM):
- Supports budgeting and fund allocation processes for public sector organizations or entities.
- Consolidation (FI-LC):
- Enables the consolidation of financial data from multiple company codes or subsidiaries.
- Legal Entity Reporting (FI-LER):
- Supports legal reporting requirements, such as local statutory reporting and tax filings.