How to Create Submodules in SAP FI?
                     How to Create 
Submodules in SAP 
FI?
What Is Meant By Accrued 
Revenue?
SAP FICO is a part of SAP ERP used to report financial 
information to outside and inside customers. The goal 
is to keep track of an entity's financial transactions and 
come up with accurate financial statements at the end 
of the trading period. The full name of SAP FICO is FI 
(Financial Accounting) and CO (Controlling) 
(Controlling).
In this SAP FICO basics tutorial, you'll learn about the 
big picture of SAP FICO and the main things it can do.
SAP FICO sub modules make up SAP FI. Accounts 
receivable, accounts payable, asset, general ledger, 
and bank accounting are common sub-modules.  There 
is a considerable amount of 
SAP Course in Ahmedabad for one to check out. 
Accounting for the General 
Ledger
General ledger accounting is used to keep track of all 
the accounts in the public ledger used for reporting. In 
SAP, a chart of accounts lists all the general ledger 
accounts that a company or group of companies uses. 
This is the list of funds that will be used to make 
financial statements. Most transactions are recorded in 
sub-modules and then compared in real-time with the 
general ledgers. In public ledger accounting, 
transactions can be done directly through journal 
vouchers posted to change or correct transactions. 
From the general ledger, you can also do reversals. 
Account balances in the public ledger can be shown, 
and trial balances can be pulled out of the system.
Accounts Receivables
Accounts receivables is a sub-module of FICO SAP that 
keeps track of all customer transactions and handles 
their accounts. There will be separate accounts for 
each customer, and when transactions are posted to 
customer accounts, the general ledger is updated with 
the new numbers in real-time. Versions of receivable 
transactions including posting invoices, posting credit 
memos, receiving down payments, paying invoices, 
sending reminders, and executing customer reports.
Accounting for Money - 
General Ledger
All of a company's transactions are written down in 
General Ledger. It is the central record that keeps track 
of all accounting information. Most entries in the 
general ledger are transactions with customers, 
purchases from vendors, and commerce within the 
company.
Common T-codes are used to keep track of G/L 
accounting.
F-06 F-07 FBCJ FB50 FB02 Accounts Receivable and 
Payable (AR/AP) in Finance and Accounting
It has information about how much the customer paid 
and what the company paid to the vendors. In other 
words, AP includes all transactions with vendors, and 
AR consists of all customer dealings.
The most-used SAP AR T-codes
 Common SAP AR Tables: FD11, FD10, FRCA, and 
VD01.
 Common SAP AP T-codes are KNA1, KNVV, and BSIW.
 Common SAP AP Tables XK01 MK01 MK02 FCHU
Finance Accounting Asset 
Accounting LFA1 LFM2 
LFBK
Asset accounting takes care of the company's fixed 
assets and gives information about all its transactions. 
The Asset Accounting module of Finance Accounting 
works closely with other modules such as SAP MM, SAP 
Plant Management, EWM, etc.
Asset accounting T-codes that are used often
 AT01\sAT03\sAUN0
ASEM Example: When a company buys something that 
could be considered an asset, the details will be sent 
from the SAP MM module to the Asset accounting 
module.
 Money and Accounts Accounting for Banks
It takes care of everything that goes on in a bank. It 
includes all the transactions that came in and went out, 
the management of the balance and the bank 
transaction master data.
With the Bank accounting component, you can make 
and handle any bank transaction.
Some tables from the Bank Accounting module that are 
often used for this are:
 The T-codes LFBK, BNKA, and KNBK are often used in 
bank accounting.
 FIBLAROP\sOBEBGEN\sFI13\sFF 6\sRVND
 Money and Accounts Travel Management
With this module, a company can keep track of all its 
travel costs. It includes all the travel requests, how 
they will be planned, and how much they will cost.
It helps an organization efficiently keep track of travel 
costs because it works with all of SAP's other modules.
Common Travel Management T-codes −
Common Travel Management tables PR05 PRTS TRIP 
PR00.
 TA22B\sPTRV HEAD\sFTPT PLAN\sFTPT ITEM
 Money and Accounts Fund Management
 This module is used to keep track of money in a 
business. To find out about funds, the Fund 
Management module talks to other modules like Bank 
accounting, General Ledger (G/L), SAP AR/AP, SAP 
Material Management, etc.
It includes all the transactions for getting money, spending 
money, and paying for things in the future. It helps a 
business make a budget plan and use the money correctly.
 Standard tables that store information about how to 
manage money
 FMFCTR, MIFIIT, and FMIT are standard SAP T-codes for 
managing money.
 FM5I FMWA FMEQ Consolidation of Finance, Accounting, and 
Law
 It lets a company treat all its units as if they were a single 
company. This means that all of the details can be seen on a 
single financial statement for all companies in that group. 
As a whole, an organization can get a clear picture of its 
financial state.
 Tables that are used often in the FI Legal Consolidation 
module
 FILCP\sMCDX\sGLT3\sT000K
Summary
SAP FICO: The SAP FICO module is a part of SAP ERP 
can be learned easily from s20 Training institute 
that is used for both internal and external financial 
reporting.
SAP FICO means: SAP's Financial Accounting (FI) and 
Controlling (CO)
General ledger accounting is used to keep track of all 
the accounts in the general ledger used for reporting. 
In SAP, a chart of accounts lists all the general ledger 
accounts that a company or group of companies uses.
Accounts receivables is a sub-module that manages 
customer accounts and keeps track of all transactions 
with customers.
Accounts payables is a sub-module that keeps track of 
and manages all transactions with vendors.
Asset accounting keeps track of all an entity's 
transactions with its assets.
All transactions with banks are kept track of in bank 
accounting.
Content source: 
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-sap-fi/
 
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