SAP FiCo

What is SAP FiCo?

SAP FICO is a module of SAP ERP which is utilized for monetary revealing both remotely and inside. The goal is to record all monetary exchanges that are posted by an element and produce budget summaries that are exact toward the finish of the exchanging time frame. The SAP FICO full structure is FI (Financial Accounting) and CO (Controlling). This SAP FICO fundamentals instructional exercise will clarify the SAP FICO outline and the significant functionalities of the SAP FICO module. SAP FI consists of SAP FICO sub modules. The sub-modules that are regularly utilized are accounts receivables, accounts payables, resource bookkeeping, general record Accounting and bank bookkeeping.

Every one of the submodules is interlinked and incorporated continuously. A preliminary equilibrium can be separated at a time, and it will consistently adjust in light of the fact that every one of the submodules is associated. The chart beneath shows the joining between FICO SAP modules. In SAP, a bunch of all broad record accounts utilized by an organization or a gathering of organizations is known as an outline of records. These are the records that will be utilized for the arrangement of budget summaries. The vast majority of the exchanges are recorded in submodules, and they are accommodated with the overall records continuously.

Exchanges that should be possible in direct overall record Accounting incorporate diary vouchers which are presented on change or right exchanges. Inversions should likewise be possible from general record bookkeeping. Equilibriums overall record records can be displayed, and preliminary adjusts extricated from the framework.

 

Why SAP FiCo?

These days, SAP has ended up being quite possibly the main providers of the enterprise programming application towards enterprise asset arranging. SAP has realized more than 9 out of 10 Fortune 500 associations. SAP represents Systems, Applications, and Product in information handling. It was established in the year 1972 and had dispatched different business arrangements that assisted to mastermind the association’s strategy. There are distinctive SAP modules that are created to complete different business measures. SAP FICO is one of the fundamental and most generally utilized SAP modules. SAP FICO module comprises SAP FI arrangement, SAP CO setup, SAP UI client and SAP CO client. The SAP FICO module is created to address the association’s deals so that it satisfies the outside announcing prerequisites.

The SAP FICO programming helps in the convergence of distribution, deals, material administration, and buying and assists the client with getting down the extraordinary exchanges, regardless of whether it is a buy or a business request or development of material. Framework mix is probably the greatest advantage of SAP. SAP has given various commitments which have upgraded the professional vision of an SAP FICO advisor. The person who needs to begin their vocation as an SAP FICO expert requires having a piece of solid information on every one of the highlights of the SAP FI and CO module. Allow us to have an outline of the FI and CO module.

 

Important materials

E-books – 

SAP FICO Interview Questions, Answers, and Explanations: SAP FICO Certification Review by Stuart Lee – https://drive.google.com/file/d/1zNrT6OIbNpwcXH9a6fQyz1e5HUhnF3mh/view?usp=sharing

SAP FICO – Tutorialspoint – http://www.tutorialspoint.com/sap_fico/sap_fico_tutorial.pdf

SAP-FICO-Complete-End-User-Manual-Realtime-Project – https://sapfidocz.files.wordpress.com/2013/01/sap-fico-complete-end-user-manual-realtime-project.pdf

SAP-FICO-Interview-Questions – https://sapfidocz.files.wordpress.com/2013/01/sap-fico-interview-questions.pdf

SAP Actual Costing / Material Ledger Configuration – SAP FICO – Home – http://thefico.weebly.com/uploads/1/4/9/7/14970654/material_ledger-v1.pdf

 

Videos –

SAP FICO Training – Complete SAP FICO Video Based Course – https://youtu.be/0b8FtP9x5_c

SAP FICO Training – Introduction to SAP and FI-CO (Video 1) – https://youtu.be/jXVveOaLwVs

SAP FICO Basics and Configuration | SAP FICO Tutorial for Beginners – https://youtu.be/-Lmrc_kajUc

SAP Course Full Details | What is SAP | Best Accounting Course – https://youtu.be/OPO6gGA6G6E

Creation of GL Master in SAP FICO | General Ledger Master in SAP | What is GL Master in SAP – https://youtu.be/edUKHGNcEkg

 

Important tips

SAP FiCo represents Financial Accounting, and it is one of the fundamental modules of SAP ERP. It is utilized to store the monetary information of an association. SAP FI assists with investigating the monetary states of an organization on the lookout. It can coordinate with other SAP modules like SAP SD, SAP PP, SAP MM, SAP SCM, and so on SAP FICO is one of the fundamental useful modules in SAP ERP parts which assist the association with dealing with the entirety of its monetary information. The basic role of SAP FICO is to help the association to deliver and deal with every one of the budget summaries for examination and revealing and furthermore help with powerful business arranging and dynamic. SAP FICO contains two modules, i.e., SAP Finance (FI) and SAP Controlling (CO), every one of these modules are utilized to do explicit monetary cycles. SAP FI module centres around complete monetary revealing and bookkeeping while SAP CO accentuation on arranging and observing expenses. SAP FI and SAP CO were initially delivered as independent modules, yet now these modules are incorporated unequivocally to such an extent that a large portion of individuals are alluding them as a solitary module.

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