SAP Finance and Controlling (SAP FICO) is the best design module for internal as well as external accounting processes. It is an important core module of SAP ERP processes, where in financial transactions are integrated with different parallel SAP modules for best results.
SAP Financial Accounting offers highly exceptionally complex methods of financial transaction reporting and better handling of accounts. Well suited for professionals desirous of excelling in the fields of accounting and finance.
The external reports generated with the help of SAP FICO are being increasingly utilized by banks, administrators, Tax Authorities, stock holders and managers, in line with their specific requirements. SAP FI is responsible for integrating diverse modules and generating a single system for the entire organization. Basically, it draws data for external reporting procedures while its SAP Controlling module emphasis on data for internal users.