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No Interest Financing start at ₹ 5000 / month
Overview of SAP FICO online Course
The goal of this course is to impart both the syntax needed to learn SAP FICO's more complex concepts as well as all of the fundamental concepts. This course teaches you how to create a chart of accounts in SAP, post to the general ledger, control exchange rates, post rounding errors, create vendor master data in SAP, and execute automatic payments. For the SAP deployment, SAP FICO is a required module.
Upgrade your career with SAP FICO Training:
- The SAP FICO Training course merges the SAP ERP's Financial Accounting (FI) and Controlling (CO) modules.
- This course starts with the fundamentals of SAP ERP and progresses to end-to-end instruction in SAP software implementation.
- The content material of our SAP FICO direction is absolutely in keeping with the standards for the SAP FICO Consultant process profile and SAP FICO Certifications.
- You get the understanding important to manipulate an company's entire financial reporting and accounting.
- Trainers are incredibly licensed experts who have years of experience in their domain names and at the moment are working for top MNCs.
- LearnoVita's certification is recognised global. It boosts the value of your CV, and you can use this qualification to land pinnacle jobs at the top multinational agencies (MNCs) within the globe.
Advantages of SAP FICO:
SAP FICO is the vital module inside SAP ERP device that manages a monetary transactions, accounting, and reporting in employer. The Advantages of sap fico, are multiple advantages, to get benefit need to follow the details mentioned underneath.
Integration: One of the benefits of SAP FICO is integration with the other SAP modules. This manner that financial transactions can be mechanically updated in a various regions of commercial enterprise, along with an inventory management and production planning. This integration can be enhance efficiency and accuracy in a monetary reporting.
Real-time reporting: SAP FICO has real-time reporting, so buyers can always get the most up-to-date information about the economy. This may mainly useful for a decision-making, because it permits the customers to quickly examine a financial information and make informed choices.
Customization: SAP FICO may custom designed to meet precise needs of an company. In this way, organizations may modify the system to meet their own monetary needs, whether via the creation of specialized reports or the addition of whole new categories of financial data.
Scalability: SAP FICO is more scalable, when grow with the business. This is specially useful for the agencies which can be increasing and need for financial machine that may preserve up with growth.
Multiple forex guide: SAP FICO encourages the more than one currencies, which useful for the groups can perform in a couple of nations. This can help to make certain accurate financial reporting across the different currencies.
Career path of SAP FICO developer:
- The role of ERP FICO consultant is to analyse the client’s business processes and provide the solutions to improve the financial processes. The consultant is more responsible for configuring and customizing ERP FICO module to meet the client’s specific needs. The ERP FICO consultants have background in finance and are certified in an ERP FICO module.
- The role of ERP FICO analyst is to analyse the financial data and provide the insights to increase financial performance. The analyst is responsible for creating the financial reports, analysing a financial data, and providing the recommendations to management.
- The role of ERP FICO project manager is to lead the ERP FICO implementation projects. The project manager is more responsible for ensuring a project is completed on time, within budget, and meets client’s requirements. ERP FICO project managers are have background in project management and certified in ERP FICO module.
- The role of ERP FICO trainer is to train end-users on ERP FICO module. The trainer is responsible for creating a training materials, conducting a training sessions, and providing a support to end-users. ERP FICO trainers are have background in finance and are certified in ERP FICO module.
Skills gained through SAP FICO:
It is more customizable, allowing organizations to configure it to specific business needs.some of the skills are:
Finance and Accounting Knowledge: A strong foundation in a finance and accounting is important for career in ERP FICO. Knowledge of a financial processes, accounting principles, and financial analysis is needed to effectively use ERP FICO module.
ERP FICO Module Knowledge: If you want to build a job in ERP FICO, you need to know a lot about ERP FICO module. Financial accounting, a general ledger, accounts due, accounts receivable, asset accounting, cost accounting, and internal orders are all part of the ERP FICO section.
Analytical Skills: If you want to use the ERP FICO function well, you need analytical skills. To be successful in ERP FICO, you need to be able to analyze financial data, spot trends, and make suggestions.
Communication Skills: To work well in a team setting, you need to have good communication skills. ERP FICO experts must be able to explain complicated financial information to people who are not in the financial field.
Project Management Skills: ERP FICO project managers need to have project management skills. To successfully apply ERP FICO module, you need to be able to plan, prepare, and carry out projects.
Responsibilities of SAP FICO developer:
- Provide a functional support related to SAP and the other applications
- Focus on deployment and enhancement of a Global Template for Finance
- Manage stakeholders, ensuring timely and accurate communication to address issues and to keep them updated on a related IT matters
- Understand user requirements
- Recommend a SAP solutions to align and enable a business processes within Information Systems’ technology strategy, standards and processes
- Document requirements for the conversions, upgrades, interfaces, business logic, reports, forms and workflow
- Configure the SAP application functionality (hands-on) as required
- Perform a unit and integration testing on SAP Development and Quality Assurance servers, as needed to ensure a high quality solutions
- Demonstrated experience managing and delivering the multiple projects (sometimes concurrently) involving a cross functional teams
Top Skills You Will Gain
- SAP Navigation
- Asset, Bank Accounting
- Financial Statement Version
- SAP ERP Components
- Cost Element Accounting
- Data Migration
- General Ledger Accounting
- SAP FICO Module
SAP FICO Course Key Features 100% Money Back Guarantee
5 Weeks TrainingFor Become a Expert
Certificate of TrainingFrom Industry SAP FICO Experts
Beginner FriendlyNo Prior Knowledge Required
Build 3+ ProjectsFor Hands-on Practices
Lifetime AccessTo Self-placed Learning
Placement AssistanceTo Build Your Career
Top Companies Placement
In the areas of finance and accounting, the SAP FICO (Financial Accounting and Controlling) course provides outstanding job chances. Organizations from a variety of sectors need qualified personnel to handle their financial operations successfully, and the demand for SAP FICO specialists stays constantly strong.
Annual SalaryHiring Companies
SAP FICO Course Curriculam
Trainers often have a strong background in finance and accounting. They may have previous work experience as financial analysts, accountants, financial controllers, or SAP FICO consultants, providing them with practical knowledge of financial processes and systems.
A basic understanding of finance and accounting principles is essential. Familiarity with financial concepts such as general ledger, accounts receivable, accounts payable, and financial reporting will help in grasping the SAP FICO concepts more effectively.
Syllabus of SAP FICO Online Training Download syllabus
- SAP FICO
- Accounting Entries in SAP
- Define Company
- Define Company Code
- Define Business Area
- Define Functional Area
- Define Credit Control
- Assign Company Code to Credit Control
- General Ledger Accounting
- Maintain Fiscal Year Variant
- Assign Company Code to Fiscal Year Variant
- Define variants for Open Posting Periods
- Assign Posting Period Variant
- Define Field Status Variants
- Define Chart of Accounts
- Define Account Groups
- Define Retained Earnings Account
- Define sample account rule types
- Define data transfer rules
- Create General Ledger Account
- Tax calculation procedure
- Tax condition types
- Jurisdiction code structure
- Maintain Tax code
- Tax codes for non-taxable transactions
- GST Calculation procedure
- Assign country to GST tax calculation procedure
- Define access sequence
- Define condition types for GST
- Define account keys in SAP for GST
- Vendor Account Groups
- Number Ranges for Vendor Accounts
- Create Sundry Creditors Account
- Tolerances Group for Vendors
- Vendor Payment Terms
- Vendor Master Data
- Automatic Payment Program
- Account Groups
- Number Ranges for Customer Accounts
- Tolerances Group for Customer
- Customer Payment Terms
- Create Customer Master Record
- Dunning procedure configuration
- Create bank key
- Define House bank
- Global Settings for Electronic Bank Statement
- Chart of Depreciation
- Depreciation to Company Code
- Specify Account Determination
- Create Screen Layout Rules
- Maintain asset number ranges
- Lockbox posting data
- Source symbols
- Investment program types
- Assign program types to operative objects
- Investment Profiles
- Investment Plan Profiles
- Budget profile
- Budget Categories
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General Ledger Implementation
Implement SAP FICO's General Ledger. Configure posting times, document kinds, and quantity ranges, and test end-to-end. Financial reporting and general ledger analysis.
Accounts Payable Automation
SAP FICO Accounts Payable Automation. Set up automated payment programs, create payment status, and organize vendor master data. Reconcile vendor accounts, verify accuracy and pay invoices.
Find out how to create characteristics, fill up value fields, assign expenses, and make financial reports. Determine your current profit margins and think of ways to improve them.
- Mock interviews by Learnovita give you the platform to prepare, practice and experience the real-life job interview. Familiarizing yourself with the interview environment beforehand in a relaxed and stress-free environment gives you an edge over your peers.
- Our mock interviews will be conducted by industry experts with an average experience of 7+ years. So you’re sure to improve your chances of getting hired!
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SAP FICO Training Objectives
- Enhanced Career Opportunities: SAP FICO certification increases your market value and opens up a wide range of career opportunities in finance and accounting roles.
- Industry Recognition: Certification validates your expertise and knowledge in SAP FICO, gaining recognition from employers and industry professionals.
- Skill Validation: Certification verifies your proficiency in implementing and managing SAP FICO solutions, giving you confidence in your skills.
- Higher Salary Potential: Certified SAP FICO professionals often command higher salaries compared to non-certified individuals.
- Access to SAP Resources: Certification provides access to SAP's vast knowledge base, community forums, and support resources, enabling continuous learning and professional growth.
- Competence in accounting and finance at a fundamental level.
- Familiarity with various computer platforms and software packages.
- A familiarity with monetary and clerical operations of a firm.
- SAP FICO Consultant/Analyst
- Financial Analyst
- Financial Controller
- SAP FICO Project Manager
- SAP FICO Functional Lead
- SAP FICO Trainer/Instructor
- SAP FICO Certification courses typically provide hands-on experience through practical exercises, case studies, and real-world scenarios. You can expect to work on configuring SAP FICO modules, performing system simulations, and solving business problems using SAP FICO functionalities.
- Expertise with the SAP FICO module and how it works with the rest of SAP.
- Experience in configuring and deploying SAP FICO systems is a plus.
- Competence in doing financial analyses, writing reports, and offering recommendations.
- Better opportunities in the workplace and increased earning capacity.
- Use of SAP's extensive professional network.
- Competence in analysis and solving problems.
- Careful consideration and exactitude.
- Ability to collaborate and communicate effectively.
- Aptitude for picking up and adjusting to new systems and methods.
- Yes, SAP FICO courses are designed to cater to beginners as well as individuals with prior finance and accounting experience. The courses start from the basics and gradually progress to advanced topics, providing a comprehensive understanding of SAP FICO concepts and functionalities.
- Yes, upon completing the SAP FICO course and passing the certification exam, you will receive an official SAP certification. SAP certifications are globally recognized and hold credibility in the industry.
- Experts in SAP FICO are in great demand since companies in many sectors need their help managing their finances. Companies' continued adoption and enhancement of ERP systems bode well for demand.
- Accuracy and efficiency in financial operations have been greatly enhanced.
- Analysis and reporting of financial data in real time.
- Comprehensive financial management enabled by combining data from many modules.
- Increased adherence to all applicable accounting policies and rules.
- Budgeting, planning, and projecting finances with efficiency.
SAP FICO Course& Certification
- Having a basic understanding of financial accounting and principles can be beneficial. This knowledge will help you grasp the concepts covered in the certification.
- Enhanced Career Opportunities
- Increased Earning Potential
- Credibility and Recognition
- Industry Demand
- Global Recognition
- Skill Validation
- In-depth SAP FICO courses offered online might take around 2 to 4 months to complete, assuming a moderate study pace.
- EHS Specialist
- EHS Coordinator
- Regulatory Compliance Manager
- Sustainability Manager
- Quality Assurance Manager
- SAP FICO certification can open doors to various job opportunities in finance, accounting, and SAP-related roles. Many organizations use SAP software, and certified professionals are in demand to manage financial processes.
Pranav SrinivasSoftware Testing, Capgemini
SAP FICO Course FAQ's
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