SAP FICO Training Course
About
SAP FICO Course
Suitable for candidate belongs to Accounts & Finance field with qualifications like B.Com., B.B.A., M. Com., MBA (Finance), etc.
SAP FICO (Finance and controlling) is an important core functional module in SAP to manage its financial data. Almost every organization which runs on SAP have implemented FICO module to manage their Accounts and Finance related business operations.
Another purpose of SAP FICO module is to generate and manage various internal and external reports including financial statements for analysis and managing business more effectively.
SAP FI Module
Has Several Sub modules as mentioned below:
1. General Ledger
The General Ledger is a Sub – module in SAP FI and function as a central component for financial reporting. It integrates many other accounting transactions recording in other sub modules and provide a comprehensive overview of company’s financial statement at various levels like Chart of accounts.
2. Accounts Payable
The Accounts Payable as a sub modules responsible for managing the transactions with vendor. Transactions with Vendor includes Vendor invoice, Payments, Automatic payment program, down payment made, Vendor reports etc.
3. Accounts Receivable
The Accounts Receivable, as a sub-module, deals with transactions related to customers. Transactions include customer invoices, Incoming payments, down payment received, Credit memos, Customer reports, Sending payment reminders via dunning, etc.
4. Asset Accounting
The Asset Accounting sub module allows an organization to manage it’s Assets including Land, Building, Machinery etc. Transaction includes Acquisition posting, Depreciation execution, Retirement, Sale with customer and various reports etc.
5. Bank Accounting
The bank Accounting ledger comprises the transactions related to company’s bank account data. This help business to reconcile incoming and outgoing transactions with Vendor, Customer, incomes and expenses.
SAP Co Module
Focuses on internal reporting for management for effective cost control of business operations. SAP Co has various sub modules as below.
1. Cost element Accounting
The Cost element accounting module track cost and revenues associated with different business transactions for cost control. The module determines specific cost of the company incurred based on the financial statements, internal reports.
2. Cost Center Accounting
3. Profit center Accounting
The profit center accounting module allows businesses to analyze profits and losses at the level of individual business units or profit centers, providing a granular view of business situation in terms of profitability. This module evaluates both expenses and revenues related to the company’s lines of business.
4. Internal orders
This module facilitates the monitoring and management of internal projects, ensuring that costs are controlled, and resources are utilized efficiently.
FAQ
Frequently Asked Questions
1. What is SAP FICO and SAP FICO S/4 HANA?
SAP FICO Training is based on old version of SAP i.e. ECC Technology and SAP FICO S/4 HANA Training on latest version of SAP. So, Aspirants should learn SAP FICO on new technology of SAP i.e. S/4 HANA as new implementations are happening with S/4 HANA systems and old clients are also moving on S/4 HANA Technology.
2. What is SAP FICO S/4 HANA?
SAP S/4 HANA Finance & controlling is a latest business software for the management of business operations which is in highly demand globally. Latest version of SAP S/4 HANA is 2022. Even there are many companies runs on prior version of S/4 HANA and ECC. SAP FICO is such a module in SAP which is implemented by all companies runs on SAP across the globe.
3. Who should learn SAP FICO?
Any Aspirants belong to Accounts and Finance domain or possess qualification like B. Com., M.Com., B.B.A., MBA (Finance) etc. Can learn SAP FICO (Finance & Controlling module) to give a new direction to their carrier to achieve new heights of success.
4. What is the prerequisite to learn SAP FICO Course?
The prerequisite to learn SAP FICO Course is Basic knowledge of Accounting and Basic knowledge of computing.
5. Do You provide certification or Certification training?
No, we do not provide any certification or Certification training as we are not SAP authorized partners.
6. How can I clarify my doubts/query if any?
Asking questions to the trainer indicates candidate’s willingness to learn more which we appreciate. During training session anytime you can stop trainer and ask query/question also you may send Email / Whatsapp to us and we will reply ASAP.
7. Do you provide Guarantee of placement/ Job?
No, we do not provide Guarantee of Job/Placement, But We provide complete knowledge and guidance including resume preparation which will help you to get the job from the market.
8. How this training will help me to get the job from the market?
At our institute Training will be given by the SAP Certified Professional who possess 10+ Years of experience and the training will be based on real time scenarios so that the knowledge you possess will meet the requirement of MNCs.
9. What type of Jobs I can get after learning SAP FICO S/4 HANA Training?
You may get a job in a product/ manufacturing company as a SAP FICO End user/ Consultant or as a SAP FICO Consultant in IT company. This depends on your qualification, experience and level of expertise/ knowledge.
10. Why Should we learn SAP FICO S/4 HANA from AGT Infotech?
At AGT Infotech the trainers are highly qualified and Certified professionals who Possess experience on working national and international live projects of SAP. Also they are experts in training to individual and corporate employees.
