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why depreciation run is done in asset accounting in sap fico
fi means finanicial co means controlling
SAP uses SAP S/4HANA Finance, a next-generation computerized accounting system that provides real-time financial management, automation, and advanced analytics for businesses of all sizes. It is a core component of SAP S/4HANA ERP, designed to handle general ledger, accounts payable/receivable, asset management, financial reporting, and compliance in a single integrated platform. Key SAP Accounting Systems: SAP S/4HANA Finance – The latest cloud-based and on-premise solution offering in-memory computing for real-time financial insights. SAP FICO (Finance & Controlling) – A widely used module integrating financial accounting and management accounting to streamline business processes. SAP Business One – A compact, SME-focused ERP solution with built-in accounting, inventory, and financial reporting tools. SAP Business ByDesign – A cloud-based ERP system with financial and business automation capabilities for mid-sized enterprises.
FICA is an acronym for Social Security. FICO is one for a credit score provided by one of the credit agencies.
How much will removal of incorrect collection account increase fico score?