What is SAP Financial Accounting (FI)?

SAP Financial Accounting (FI) is a core module within the SAP ERP system. It's used for managing and tracking a company's financial transactions, providing a comprehensive view of its financial position. It encompasses functionalities such as general ledger accounting, accounts payable, accounts receivable, asset accounting, and bank accounting. Companies use SAP FI to generate financial statements, comply with accounting standards, and support financial decision-making. It integrates with other SAP modules like Controlling (CO), Sales and Distribution (SD), and Materials Management (MM) to provide a holistic view of business operations.