Topic 55: FICO (And 6000 Real-time SAP Screen shots)

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FICO: Finance & Controlling.

We will have a look point of HR.

The Financial Accounting (FI) application component fulfills all the international requirements that must be met by the financial accounting department of an organization. All accounting-relevant transactions made in Logistics (LO) or Human Resources (HR) components are posted real-time to Financial Accounting by means of automatic account determination. This data can also be passed on to Controlling (CO).

Generally FICO Consultant will do the config but knowing the FICO part is advantage.

HR Consultant do only Integration of HR & FICO Called GL Accounts.

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Define Credit Control Area

In this step, you define your credit control areas. The credit control area is an organizational unit that specifies and checks a credit limit for customers.

Note: A credit control area can include one or more company codes. It is not possible to assign a company code to more than one control control area. Within a credit control area, the credit limits must be specified in the same currency.

Standard settings: The credit control area 0001 is defined in the SAP standard system.

Activities: Define your credit control areas.

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Go for New Entries if you want to create new.

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Or to modify the existing one go for Display.