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SAP FICO (Finance and Controlling) is derived fromr FI (Financial Accounting) and CO (Controlling/Management Accounting).
It is the Finance and Cost controlling module in SAP ERP where FI stands for Financial Accounting and CO stands for Controlling. SAP FICO is a core functional component in SAP ERP Central Component that allows an organization to manage all its financial data. SAP Finance and Controlling (FICO) is one of the most widely used SAP modules.