SAP CO/FI refers to the SAP modules for Controlling (CO) and Financial Accounting (FI). SAP FI is used for external reporting, tracking financial transactions, and generating financial statements like balance sheets and income statements. SAP CO is used for internal management accounting, including cost planning, monitoring, and controlling. It helps organizations manage costs, analyze profitability, and make informed business decisions. Both modules are tightly integrated and used together for comprehensive financial management.
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