What are Modules Under SAP FICO

• SAP FI module enables you to manage financial accounting data within an international
  framework of multiple companies, currencies, and languages. SAP FI module mainly deals
  with the following financial components:
• Fixed asset
• Accrual
• Cash journal
• Accounts receivable and payable
• Inventory
• Tax accounting
• General ledger
• Fast close functions
• Financial statements
• Parallel valuations
• Master data governance

Where Do We Use SAP FI?
SAP FI module enables you to manage financial accounting data within an international
framework of multiple companies, currencies, and languages. SAP FI module mainly deals
with the following financial components:

• Fixed asset
• Accrual
• Cash journal
• Accounts receivable and payable
• Inventory
• Tax accounting
• General ledger
• Fast close functions
• Financial statements
• Parallel valuations
• Master data governance

SAP FI consultants are mainly responsible for implementing Financial Accounting and Cost
Accounting with SAP ERP Financials

Fixed asset

Asset Accounting deals with all the fixed asset of the company and provides all the transaction details about fixed assets. The Asset Accounting Module of Finance Accounting works closely with other modules like SAP MM, SAP Plant Management, EWM, etc.
Common T-codes used for Asset Accounting:

• AT01
• AT03
• AUN0
• ASEM

Example: When a company purchases an item that can be considered as an asset, the details will be passed to Asset accounting module from the SAP MM module.

General Ledger Module

A General Ledger contains all the transaction details of a company. It acts as the primary record to maintain all accounting details. Common general ledger entries are customer transactions, purchases from vendors, and internal company transactions.

Common T-codes that are used to maintain G/L accounting:

• F-06
• F-07
• FBCJ
• FB50
• FB02

The post What are Modules Under SAP FICO appeared first on Best Tally Accounts Finance Taxation SAP FI Coaching Institute in dehradun.