what is sap fico course

SAP FICO (Financial Accounting & Management Accounting)

• Requirements
• Description. SAP FICO Course will prepare the students to learn and understand all the end-to-end implementation steps to configure SAP FI and CO modules for any organization.
• Instructor

Full Answer

How to learn SAP Fico?

Oct 30, 2021 · SAP FICO is a module in SAP ERP which deals with Financial Accounting (FI) and Cost Controlling (CO). The field of Accountancy is very diverse and with this certification, which easily blends with sales and distribution, plant and material management, production planning, etc, a wide pool of options can open which you can consider.

How to get a sap certification?

What is SAP course duration and fees?

What are SAP courses?

The SAP FICO software assists companies in improving financial operations; SAP FICO Certification & Career Scope. Having a solid background in SAP FICO helps employees to handle reporting and finance accounting better. It is important to learn about the business environment, financial planning, and asset accounting.

What is the use of SAP FICO course?

SAP FICO allows an organization to store a complete version of their financial transaction data. Specifically, the purpose of SAP FICO is to help companies generate and manage financial statements for analysis and reporting, as well as to aid in effective business planning and decision-making.

What exactly is SAP FICO?

SAP FICO is a module of SAP ERP which is used for financial reporting both externally and internally. The objective is to record all financial transactions that are posted by an entity and produce financial statements that are accurate at the end of the trading period.6 days ago

Is SAP FICO a good career?

Yes, a career in SAP FICO is still very good and demanding. It is even better if you are from an accounts or finance background. SAP is the leading ERP worldwide and its popularity and demand are increasing day by day. It offers you a huge number of career options within its domain.Nov 23, 2019

What is the duration of SAP FICO course?

The 60 days course Online SAP FICO Course is designed to prepare you for entry & advanced level jobs and also provides fast-track classes of SAP FICO to working professionals or students of which the standard time duration is 2-3 weeks.May 26, 2021

Is SAP FICO in demand?

Bottomline. Finally Yes, a work in SAP FICO is still excellent and in demand. It is even more helpful if you are from accounts or finance education. Therefore, numerous FICO consultants and end-users work on implementation and maintenance jobs.Jun 30, 2020

Is SAP FICO a software?

About SAP FICO | Accounting Software | GoodWorkLabs.

What is the salary of SAP FICO Consultant in India?

SAP Fico Consultant salary in India ranges between ₹ 3.8 Lakhs to ₹ 11.0 Lakhs with an average annual salary of ₹ 6.1 Lakhs. Salary estimates are based on 9.6k salaries received from SAP Fico Consultants.

Is SAP FICO in demand in 2021?

The global SAP Application Services market size is expected to at a CAGR of 5.5% during 2021-26, from USD 34870 million in 2019 to USD 50940 by 2026.Jan 25, 2021

How do I get a job in SAP FICO?

In order to make a career as an SAP FICO consultant, the candidates should get certified in the SAP FICO module; this will not only make them eligible to work as an SAP FICO consultant but they can also be able to perform various other roles such as account and Finance executive, senior analyst programmer and many more ...Mar 14, 2019

What is the fees of SAP FICO?

India: Certification fee for Associate level will be INR 39,326/- and for professional level the fee will be INR 56,180/- inclusive of current taxes applicable.Aug 4, 2013

What is the fees of SAP FICO course?

SAP FICO Courses Online FeesCourse Name ProviderDurationFeesSAP FICO Training- Gangboard30 hoursINR 35,000SAP FICO Online Training and Certification Course- Besant Technologies30 hoursINR 23,000SAP FICO Training- Zarantech75 hoursINR 60,000SAP FICO Online Training- KITS Online Training25 hoursNA4 more rows

What is the salary for SAP FICO fresher?

The national average salary for a SAP FICO Fresher is ₹25,460 per month in India. Filter by location to see a SAP FICO Fresher salaries in your area. Salaries estimates are based on 8 salaries submitted anonymously to Glassdoor by a SAP FICO Fresher employees.

SAP FICO Syllabus

Let us get a brief overview of the syllabus of SAP FICO and what you can expect from the course:

SAP FICO Certification Course: Exam Pattern

The wide variety of modules that we discussed above are said to be completed by the candidate only after qualifying two levels. Both FI and CO comprises two levels namely, Associate and Professional. So, if you are also looking for the answer for “How do I get SAP FICO certification?” then, here is what you need to know:

Eligibility Criteria

If you are interested in only the basic modules of SAP like the Associate Certification, then there aren’t any specific requirements for the course. However, for advanced levels and some selected modules of SAP, one might require prior work or project experience.

Registration Process

Once the candidate is sure that he wants to get a certification from SAP, he has to register himself for the course. The steps for SAP FICO registration are listed below:

Description

SAP FICO Course will prepare the students to learn and understand all the end-to-end implementation steps to configure SAP FI and CO modules for any organization.

Instructor

Rana W Mehmood is working as SAP Functional Consultant with an IT Consulting Company in UK. He has done multiple SAP projects and has got the experience of working and training in the following modules: SAP FI, CO, MM, SD, PP and PS. He has also worked with multiple SAP products such as SAP IS-Retail, SAP AFS, SAP BI and SAP BPC.

What is SAP FICO?

SAP FICO is a module of SAP ERP which is used for financial reporting both externally and internally. The objective is to record all financial transactions that are posted by an entity and produce financial statements that are accurate at the end of the trading period. The SAP FICO full form is FI (Financial Accounting) and CO (Controlling).

What does FICO stand for in SAP?

SAP FICO meaning: SAP Financial Accounting (FI) and Controlling (CO) All general ledger accounts that are used for reporting are managed through general ledger accounting. In SAP a set of all general ledger accounts used by a company or a group of companies is called a chart of accounts.

What is accounts receivable in SAP?

Accounts receivables in FICO SAP is a sub module that captures all transactions with customers and manages customer accounts . Separate customer accounts will be maintained and when transactions are posted in customer accounts, reconciliation accounts in general ledger are updated with the figures in real time. Transactions in accounts receivables include invoice posting, credit memo posting, down payments, invoice payment, dunning and executing customer reports.

What is asset accounting in SAP?

Asset accounting in SAP FICO manages all transactions realted to assets for an entity. When transactions are posted in asset accounts, reconciliation accounts in general ledger are updated in real time. Transactions in asset accounting include asset acquisition, asset retirement, asset sale, asset transfer, asset revaluation and asset depreciation.

What is a fico in SAP?

SAP FICO is the Finance and Cost controlling module in SAP ERP, where FI stands for Financial Accounting, and CO stands for Controlling. SAP FICO module is very robust and covers almost all business processes encountered in various industries. It is one of the very important and widely implemented modules in SAP. This FREE SAP FICO training is designed for beginners as well as for intermediate learners. This SAP FICO basics for beginners tutorial will help you learn SAP FI module and SAP CO module.

What is SAP FI?

It also enables users to manage accounting data of multiple companies, currencies, and languages. SAP FI stands for Financial Accounting.

Financial Accounting module or SAP FI module

As the name refers, FI module is that deals with financial accounting and the related functionalities of the company. We will just look into the important sub-components of this functionality.

SAP FICO certification

We have so far discussed about the modules in SAP FICO, and the main functionalities under them. Now we shall look in to little general and quick information on SAP FICO certification. As we said earlier, in older days FI and CO certification were together, whereas now the certifications of FI and CO are no more together.

SAP CO certification

The title of CO certification is SAP certified application associate- SAP S4 HANA for management accounting associates.

SAP FICO tutorial and training materials

The following links will help you to have the tutorials and training materials of SAP FICO.

What is SAP FICO?

SAP FICO is the important module of ERP and both FI and CO modules stores the complete financial transaction data of an organization.

What is bank accounting?

Bank Accounting :- Bank accounting is used to manage the bank transactions in the system including cash management. Consolidation: – Consolidation enables the combining of financial statements for multiple entities within an organization.