The FI module of SAP is a very powerful and complete area of SAP which allows a company to control their accounting and financial processes. And because SAP processes data in real time it means business managers can get the realtime data back out of the system to ensure any financial of accounting decision is made on the most up to data information.
AS financial accounting (FI) is an integral part of any business the SAP FI module forms a key part of any SAP installation, communicating with many other modules such as MM, CO, HR, PP, SD, etc ..
The FI module is made of many areas of financial activities including accounts payable / receivable, Fund & Grants management, Bank & asset accounting, General and special purpose ledger, travel and expense management, statement consolidation etc