Book excerpt: This book, SAP FICO Black Book, brings to you a simple to the point non-technical jargon free discussion on SAP FICO along with comprehensive real life examples based on authors real life implementations. One of the first FICO books which cover business cycles rather than plain technical configuration. Targeting intermediate and advanced-level readers, this book discusses Implementation Tools; Enterprise Structure; New GL Configuration; Online Document Splitting; AR; AP; AA; Bank accounting; Integration of FI with Other Modules; Business Processes; Controlling; Cost Center Accounting; Product Costing; Material Ledger Configuration and Profit Center Accounting. The author has spent the last 10 years of his career acquiring this knowledge through the trial and error method. It covers the end user as well as technical configuration perspective. It can serve as a starting point for the people who want to comprehend how the financial and managerial accounting functions in an ERP. Most of the FICO text deals with technical configuration and throws little light on its functional implementation. This book is author s humble attempt to bridge the gap by providing real life scenarios along with technical details.