What is SAP FICO Module?

SAP FICO (Finance and Controlling) is a core module in SAP ERP used for managing financial accounting and controlling processes within an organization. It comprises two main components: FI (Financial Accounting), which handles external reporting and legal compliance, including general ledger, accounts payable, accounts receivable, asset accounting, and bank accounting; and CO (Controlling), which supports internal management decision-making through cost accounting, profitability analysis, cost center accounting, and product costing. SAP FICO enables companies to track financial transactions, generate financial statements, and analyze profitability to improve business performance.