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SAP FICO (Financial Accounting and Controlling) is a core module in SAP ERP for financial management and reporting. It consists of two main components:

FI (Financial Accounting): Manages financial transactions and external reporting. Key elements include General Ledger (GL), Accounts Payable (AP), Accounts Receivable (AR), Asset Accounting (AA), and Bank Accounting.
CO (Controlling): Focuses on internal reporting and cost management. Key elements include Cost Element Accounting (CEA), Cost Center Accounting (CCA), Internal Orders, Profit Center Accounting (PCA), and Product

Cost Controlling (PCC).
SAP FICO integrates with other SAP modules, providing a comprehensive system for financial management, budgeting, and performance monitoring.

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