SAP FI/CO Tips and Financial Accounting/Controlling Discussion Forum
Practical and helpful SAP FI Stuff to assist those supporting the SAP
Financial Accounting Modules. There are also sample questions and answers,
interview questions, faq, importable tables on the SAP FICO module. If you
have any SAP Financial Accounting and Controlling question, please feel free to
raise it in the SAP FI/CO Forum.
The Financial Accounting (FI) application component fulfills all the
international requirements that must be met by the financial accounting
department of an organization. All accounting-relevant transactions made
in Logistics (LO) or Human Resources (HR) components are posted real-time to
Financial Accounting by means of automatic account determination. This data can
also be passed on to Controlling (CO).
This ensures that logistical goods movements (such as goods receipts and
goods issues) are exactly reflected in the value-based updates in accounting.