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About SAP FICO
The FICO in SAP FICO suggests Financial Accounting (FI) and Controlling (CO). It is a module of SAP ERP. It is usable for financial reporting both internally and externally. The purpose is to record all economic transactions and generate precise monetary statements. SAP FICO also combines with other SAP Logistics modules, comprising Sales and Distribution (SD), Production Planning (PP), Plant Maintenance (PM), Quality Management (QM), and Materials Management (MM). Earlier, SAP FI and SAP CO, released as distinct modules. They are now so tightly combined that many people relate to them as solely one module. It encourages us to make better business programs, so learning SAP FICO is essential. SevenMentor, a respected institute, has formulated the best SAP FICO Certification course in Ahmedabad. It will help you to realize it and make a profitable career in it.
Why should you learn about SAP FICO?
With the help of SAP FICO, Financial management is progressing in an organization. Presently, SAP FICO is arising as one of the popular modules. It is a boost in the job chances for many learners. Well, there are several other reasons to learn SAP FICO.
SAP FICO encourages smooth financial analysis. It is also helpful in regulating functions. It Delivers fast, valid and related data. This data helps fulfill the exterior reporting tasks, such as Profit and Loss Statements, Balance Sheet and Profitability Analysis, etc.
SAP FICO assists you to trace and monitor data of various cost and profit centers arranged across the world from a single platform.
SAP FICO helps faster management decisions with its real-time financial processing.
SAP FICO responds to altering business necessities effectively in a precise manner.
SAP FICO enhances corporate performance. It is helpful in business strategy construction.
SAP FICO helps reporting, scheduling, financial consolidation, collaboration with other divisions. It brings about clarity across the institution.
SAP FICO helps in better managing cash flow, receivables, and payables. It is also helpful in managing collections, credit management, finance, and treasury functions, etc.
SAP FICO helps better exercise in pursuing government regulations, accounting standards, etc. Profitability analysis, analytic reporting, audit-controlling, budgeting are just some of the significant features. It makes the software versatile.
SAP FICO boosts your understanding of the latest tendencies in the financial realm.
SAP FICO readies you with the latest software tools. These tools help organize financial actions in your company.
SAP FICO assists you in enhancing the financial procedures in your organization. It boosts value-addition.
SAP FICO helps in better coordination between many functions across the workplace. It is helpful in smoother business operations.
SAP FICO improves growth. It provides you with better job chances.
All these reasons are responsible for why you should learn SAP FICO. So, SevenMentor is a trustworthy institute. It has designed the best SAP FICO Certification Training in Ahmedabad.
What is Internal Order in SAP?
Internal Order in SAP is used to symbolize initiatives in Controlling. If we evaluate with cost centers, we use Internal Orders temporarily. Internal Orders don’t replicate the organizational shape as a substitute they constitute example studies and improvement initiatives, exhibition events, or SAP implementation initiatives. Noteworthy, that you may not create complicated systems with Internal Orders, so in case you want to create mission hierarchies. It’s really well worth sorting out the mission device module in SAP ERP. However, you may publish each sale and charge to inner order. It allows you to test the profitability of a mission at the beginning glance. You can manage to spend with the assist of availability manage. Before you may use Internal Order in SAP, you need to set off the Order Management factor in the controlling area.
Types of Internal Order in SAP
The kind of Internal order in SAP Controlling determines now no longer best the display screen format and the range stages however additionally the capability of the inner order. There are unique sorts of orders.
Real inner orders
Inner orders with sales postings unlike cost centers, inner orders can get hold of sales postings. For instance, we use Internal orders with sales postings for unique client initiatives or intercompany recharges. This allows us to have a management that determines whether the device has already recharged charges or is now no longer.
Statistical Internal Order
We assign statistical orders to a fee middle. We publish Costs each at the fee middle and Statistical inner order. It isn't workable to settle Statistical inner orders. We can create a Statistical inner order and assign it to the advertising fee middle. However, the actual posting is at the fee middle. For example, if we've got an advertising fee middle and need to peer the media (flyers, billboards, and flairs) charges. We then create one Statistical inner order every for those flyers, billboards, and flairs and layout the ones Statistical inner orders to the advertising fee middle.
Internal Orders for Investment
We use Internal orders for investments to show Assets Under Construction (AUC). While we are able to settle charges without delay to Asset Accounting. We still must assign each inner order to an AUC, which the device creates mechanically with the order. There also are many extra opportunities for inner orders for funding, specifically withinside the funding control module.
Why choose SevenMentor to learn about SAP FICO?
SevenMentor provides essential knowledge of SAP FICO with 100% placement. So, it is the best SAP FICO training institute in Ahmedabad. We have trainers who are working professionals in reputed firms. They will make every effort to get you a job in firms. Our SAP FICO course is available at affordable fees. So, this course is within the budget of every individual. At our SAP FICO Training in Ahmedabad, our trainers are Accepted Experts with a decade of knowledge and high grades. They will train you about Cost Element, Cost Centre Accounting, Master Records, Transaction-Based posting, etc. At our SAP FICO course in Ahmedabad, our trainers have superior level subject understanding. They will train you about Repost CO Line Items ( Using FI Document ), Profit Centre Accounting, Statistical Key Figures with lots of live examples. We distribute flexible batch timings as it is helpful to guarantee the demands of pupils and employed professionals. We have made accessible weekday morning, evening, weekend batches, fast-track training as per your priorities. Online, Corporate Training is also there. It will help you in practical and comfortable learning.
At the SAP FICO Training in Ahmedabad, Trainers provide total freedom to the learners. It encourages them to study the topic and understand it based on real-time examples. Our trainers encourage the learners in their projects. They will also facilitate interview questions and answers. So, You can willingly ask any suspicions at any time. At Our SAP FICO course in Ahmedabad, you can learn about SAP FICO along with 24/7 assistance. It will encourage you to clear suspicions and online job aid. We have designed exercises and programs as per industry pertinence. With the assistance of our trainers, you can realize SAP FICO. Our trainers equip the best SAP FICO classes in Ahmedabad with Job placement. We are well related to Hiring HRs in international companies. Our trainers are serving in leading companies. They have a perception of various real-time projects in their Businesses. So, they will assist you in getting placement in respected firms. SevenMentor delivers the best SAP FICO Certification Training in Ahmedabad. All the international companies have realized the Certification of SevenMentor and it improves the value of your resume. After the efficient fulfillment of the course, you will get the industry-authorized certification. Get the best SAP FICO course in Ahmedabad from top specialists with placement aid.
Online Training is a prominent learning style among youths, and SevenMentor delivers online SAP FICO Training in Ahmedabad. We have trainers with decades of experience. They will help you become an SAP FICO specialist. You will see enhancement in your abilities as you will get a detailed understanding of SAP FICO. You can get the essential hands-on experience for working out real-time SAP FICO projects. In this training, you will learn about various financial aspects. Our trainers will help you in learning about accounting management and enterprise risk management etc. Apart from theoretical understanding, you will work on several real-life projects. You can receive the advice of an experienced presently administering in the business. It will help you in fighting real-life challenges. These are the abilities you will get to understand after joining the online SAP FICO course in Ahmedabad.
- BE/ Bsc Candidate
- Any Engineers
- Any Graduate
- Any Post-Graduate
- Candidate seeking this course
Syllabus of SAP FICO
- 1. Introduction to SAP R/3
- Introduction to ERP, Advantages of SAP over other ERP Packages
- SAP Implementation methodology
- Overview of different modules in SAP
- Common SAP Terminologies
- Introduction to SAP R/3 FICO
- 2. Financial Accounting Basic Setup
- System Backbone - Enterprise Structure setup in SAP
- Company code
- Operating Concern
- Controlling area
- Chart of Accounts
- Business Area
- Functional Area
- Credit controlling area
- 3. General Ledger Accounting
- Deep dive - Chart of Account
- Accounts Groups & Master-data significance
- Driving Factors of Accounting postings in SAP:
- Document type
- Number ranges
- Posting Keys
- Fiscal year variant
- Posting period variant
- Field status variants
- Exchange rates and Currencies
- Reconciliation Accounts
- Retained Earning Account
- Accrual or Deferral Postings
- Parked Document
- Fast Data entry in GL
- Concept of Open-item Clearing
- Tolerance group
- Define Financial Statement Version
- Balance carry forward Balances
- Forex Revaluation
- Reports in SAP for GL Accounting
- Substitution and Validation
- 4. Accounts receivable
- Introduction to Sub-ledger – Accounts receivable
- Customer account groups and assignment of number ranges
- Customer masterdata and significance
- Customer Payment Terms and Discounts
- Receiving Down Payment
- Bills Receivable
- Detailed Explanation of Oder to Cash flow in SAP
- FI-SD Integration
- Billing Documents (FI Invoice, SD Invoice, Credit memos)
- Customer Payment and clearing
- Credit management in SD module (Master-data, transaction and reports)
- Reports in SAP for AR
- 5. Accounts Payable
- Introduction to Sub-ledger – Accounts payable
- Vendor account groups and assignment of number ranges
- Vendor master-data and significance
- Vendor Payment Terms
- Payment Method configuration
- Configuration of Automatic Payment Program, Payment run, Payment Advise
- Detailed Explanation of Procure to Pay flow in SAP
- FI-MM Integration, Configuration of automatic posting
- GR/IR clearing
- Posting of partial Payment & Residual Payment
- Down Payment Paid
- Banking Setup
- Bank Reconciliations Statements
- 6. Asset Accounting
- Fixed Asset Life Cycle
- Asset masterdata: Creation of asset master (change/display/block/unblock).
- Define chart of depreciation, Depreciation Area
- Define Automatic account determination
- Defining Depreciation key
- Define Asset Class
- Acquisition or purchase of assets, sale of assets.
- Scrapping of assets, Transfer or retirement of assets.
- Asset under Construction and settlement to Final Asset
- Depreciation run.
- 7. Taxation
- Introduction to Tax procedure
- Input Tax / Output Tax
- Withholding Tax
- Reports for Taxation purpose
- 8. Month Ending Activities
- Important Standard SAP Reports
- Closing in Difference Modules
- Cross-tower dependent closing activities
- Year end activities
Trainer Profile of SAP FICO
- Our trainers have in total more than 12+ years of experience in corporate HR.
- They have a diverse experience of working with stakeholders across geographies and have created and implemented different HR strategies.
- Worked across different profiles within HR functionality like recruitment, talent management, payrolls, and HRBP before getting into training. In training, she started imparting training in Softskill then also into Techno- functional training as she has associated with IT Product Co.
- They have the flair for languages and fluency to explain complex HR concepts easily to students coming from backgrounds and years of experience.
SAP FICO Exams & Certification
SevenMentor Certification has the credibility to enhance your knowledge and pave a road for a successful career in corporate as a Human Resource profession. We will not only provide you theoretical and practical sessions but also groom you to be effective in the ever changing role of HR professional.
Proficiency After Training
- Can consolidate the data related to HR
- Analysis the productivity of the Human resources of the organisation
- Track the ROI
- Improved reporting capabilities
From Beginner to Expert
We are providing Training to the needs from Beginners level to Experts level.
Course will be 90 hrs to 110 hrs duration with real-time projects and covers both teaching and practical sessions.
We have already finished 100+ Batches with 100% course completion record.
Frequently Asked Questions
| 25/09/2023 ||SAP FICO ||Online||Regular Batch (Mon-Sat)||Ahmedabad||Book Now|
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| 23/09/2023 ||SAP FICO ||Online||Weekend Batch (Sat-Sun)||Ahmedabad||Book Now|
I have completed the best SAP FICO certification course in Ahmedabad from SevenMentor. My trainer was skilled. So, I had an incredible learning experience. They have formulated the course in such a way that a beginner can easily understand it. SevenMentor has a system of relationships that help their learners in getting a job.
- Isha Talari
I have accomplished the best SAP FICO Certification Training in Ahmedabad from SevenMentor. I must explain that the training course, carefully organized. Trainers deliver personalized attention to each learner. With logical training and learning exercises, I have learned a lot. Anyone eager in SAP FICO should join this course.
- Tanvi Shukla
I made the favorable decision by enlisting SAP FICO Certification Training in Ahmedabad from SevenMentor. It was an extraordinary learning experience. SevenMentor has an incredible learning faculty with exceptional learning knowledge. Trainers also assist in getting placement after the fulfillment of the course. With their assistance, I have got a job in a reputable firm.
- Sanju Kapse
Course video & Images
Corporate SAP FICO Training in Ahmedabad makes employees realize about company programs and procedures. It provides them an understanding of new methods and policies without having to meet each employee separately. SevenMentor provides essential knowledge of SAP FICO through corporate training. You will learn about simulation and prediction. It assists you in studying financial and operational data with the help of real-time projects. This corporate training will give you both a theoretical and practical understanding of SAP FICO. It will help you in understanding SAP finance and controlling architecture. It will assist you in mastering the FICO module. Our trainers, with live projects, will help you to understand SAP FICO architecture practically. We provide 100% placement-focused corporate training. So, this training will help you to get a placement in a reputed company.
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