How does SAP FICO work?
The SAP FICO is divided into two modules, namely, SAP FI and SAP CO. The FI and CO are further divided into sub-modules which look after the Financial and Controlling aspects of any company. All the sub-modules within each module are integrated in real-time. Any changes happening at any sub-module will affect the other sub-modules and the SAP FICO as a whole. The main focus of the FICO is financial reporting for both internal and external instances of any company by recording all the financial transitions produced by an entity and maintaining the records.