The full form of SAP FICO is: Sap Fico Classes in Pune
- SAP: Systems, Applications, and Products in Data Processing
- FICO: Financial Accounting (FI) and Controlling (CO)
So, SAP FICO refers to the combination of two key modules in the SAP ERP system:
- FI (Financial Accounting): Manages external financial accounting, including processes like accounts payable, accounts receivable, asset accounting, and financial reporting.
- CO (Controlling): Focuses on internal cost management, tracking costs, profitability analysis, cost centers, and product costing.
Together, SAP FICO helps organizations manage their financial transactions, ensure proper cost allocation, and maintain accurate financial reporting.
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