SAP S/4 HANA FICO which was known earlier as SAP Simple Finance. The term ‘SAP Simple Finance is no longer an official brand, yet there are still many people who utilize this term interchangeably due to the fact that it was highly marketed by SAP for a while.

Here’s an overview of SAP FICO in S4 HANA:

• FI-AA- Asset Accounting – Integrated with FI-GL, FI-AR, FI-AP, CO, MM. This module manages the financial part of the assets throughout their entire life cycle starting with the procurement of assets and ending with the scrapping or Sale of assets. It poses an important role in SAP FICO Training.
• FI-AP –Accounts Payable- Integrated with FI-GL, FI-AA, MM. This sub-module of SAP Finance manages vendor transactions by linking with material management, asset accounting, travel management etc.
• FI-AR- Accounts Receivable- Integrated with FI-GL, FI-AA, SD & TR. This sub-module manages customers and receivables in integration with SD. Known for credit management functionalities.
• FI-BL- Bank Accounting
• FI-GL General Ledger Accounting