What is SAP Finance (FI)?

SAP Finance (FI) is a core module in SAP ERP that handles the financial accounting and reporting processes of an organization. It provides a comprehensive framework for managing financial data, including general ledger accounting, accounts payable, accounts receivable, asset accounting, bank accounting, and travel management. SAP FI is used to generate financial statements like balance sheets, income statements, and cash flow statements, ensuring compliance with accounting standards and regulations. It also supports internal reporting for management decision-making.