What is FICO?

SAP FINANCE & CONTROLS:   A BRIEF INTRODUCTION & OUTLINE

In today’s world of innovation through Information Technology, SAP is truly a dynamic package by which
one can integrate, diversify, and streamline their work-processes with multi-dimensional compatibility.
SAP – “Systems, Applications, and Products in Data Processing” – was founded in 1972 with its
headquarters in Walldorf, Germany.
For those who are in the Finance/Accounting Profession who wish to delve into a creative and
interactive scenario by which they can apply their hands-on experience & expertise to another level of
fantastic intellectual stimulation, SAP FI/CO Implementation & Configuration is truly the ultimate.  Their
expertise will render them to very swiftly master its technical configuration – for the concepts are all
part of every Finance/Accounting Professional’s innate thought-process – and - the SAP modules follow
a thorough schematic pattern by which all functionalities & technicalities are logically laid-out.
SAP Financial Accounting (FI) is an important core module where in live-time, the financial processing
transactions are all captured to provide the basis via which data is drawn for external reporting.  This
SAP FI Module is integrated with many parallel modules that enable a company to unify processes that
may have needed the utilization of many software packages.  
Other Modules of SAP that commonly find a role of integration with FI are (but not limited to) Material
Management (MM), Sales & Distribution (SD), Human Resources (HR), Product Planning (PP), Controlling
(CO), etc.   Amongst these CO – Controlling is another major focus for those coming from the
Finance/Accounting/Auditing/Budgeting and Financial Reporting/Analysis Backgrounds/Professions.
SAP FI:  There are many sub-modules that streamline and specialize in each aspect of the Financial
Accounting Processes:
AA – Asset Accounting
AP – Accounts Payable
AR – Accounts Receivable
BL – Bank Accounting
FM – Funds Management
GL – General Ledger Accounting
LC – Legal Consolidations
SL – Special Purpose Ledger
TM – Travel Management
Out of the above, FI-AR, FI-AP, & FI-AA are the three sub-modules that send simultaneous
postings to FI-GL.