Topic: SAP FI/CO Tips and Financial Accounting

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.