1. SAP ERP (ECC - Enterprise Central Component)
Description: SAP FICO was originally part of the SAP ECC (Enterprise Central Component) system.
Modules in ECC: SAP ECC includes modules like FI (Financial Accounting), CO (Controlling), MM (Materials Management), SD (Sales and Distribution), etc.
Key Features:
FI handles financial transactions, general ledger, accounts payable, accounts receivable, and asset accounting.
CO focuses on internal cost management, such as cost center accounting, profit center accounting, and profitability analysis.
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