ERP FICO stands for ERP Financial Accounting and Controlling. It is a module in the SAP ERP system that is used to manage financial accounting and controlling activities. It includes functions such as general ledger, accounts payable, accounts receivable, cash management, and asset accounting. The FICO module is used by organizations to record, manage, and analyze financial transactions and to prepare financial statements. It is an integral part of an organization’s ERP system and plays a crucial role in decision-making and strategic planning.
General ledger accounting: You will learn how to set up and maintain a general ledger within the ERP system, including creating and assigning accounts, posting transactions, and reconciling balances.
Accounts payable and accounts receivable: You will learn how to manage and track payments to and from vendors and customers, including creating invoices, entering and paying bills, and reconciling accounts.
Asset accounting: You will learn how to track and manage fixed assets within the ERP system, including purchasing, depreciation, and disposing of assets.
Asset accounting: You will learn how to track and manage fixed assets within the ERP system, including purchasing, depreciation, and disposing of assets.
Cost element accounting and cost center accounting: You will learn how to allocate and track costs within the ERP system, including setting up and maintaining cost centers and cost elements, and allocating costs to these centers and elements.
Financial statement version management: You will learn how to create and maintain financial statements within the ERP system, including creating multiple versions of statements and analyzing the data within them.
