Financial Accounting (FI) in SAP?

The FI (Financial Accounting) module of SAP is the back-bone, which records, collects, and processes financial transactions or information on a 75. Explain real-time basis to provide the necessary inputs for external (statutory) reporting. The module is integrated with other modules (such as Material Management (MM), Sales & Distribution (SD), Human Resources (HR), Production Planning (PP), Controlling (CO), etc.). The module FI has several sub modules that are tightly integrated.