These days effective business planning is significant for the success of the organization. SAP FICO is an essential tool that helps companies to analyze financial transactional data. It helps to make better business plans. So learning SAP FICO is crucial. SevenMentor, an influential institute, has framed the best SAP FICO Course in Nagpur.
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About SAP FICO
SAP FICO is a form of external and internal financial reporting. The purpose is to record all the monetary transactions begun by the company. It also creates exact financial statements after the end of a trading period. The complete form of SAP FICO suggests FI (financial accounting) and CO (management control). The normal submodules are Accounts payable, Accounts receivable, General Ledger, Asset Accounting, and Bank Accounting. All submodules, integrated in real-time. It is probable to take out a test scale at the same time. SAP FICO instantly improves financial data. It also helps in organizing business strategies.
Different Status of Internal Order in SAP FICO
In SAP Controlling, Internal Orders have a standing this is pushed through the fame profile assigned to the inner order type. The inner order has device fame and consumer fame. In general, the device fame for inner orders has seven predominant statuses:-
CRTD– System creates order. Doesn’t have any real postings. Allows Planning and budgeting.
BUDG– System allocates price range to the order. As quickly as a price range for the order is maintained, the inner order receives the fame BUDG
REL– System releases the Order. Also, let's in real postings.
TECO– Order is technically complete. We can't assign any buy orders to inner order any more. While we are able to nevertheless do Postings.
CLSD– Here Order is closed. The system doesn’t permit to do any extra enterprise transactions. Only lets in the agreement of inner orders with fame REL or TECO.
LKD– Order is locked. Cant do any extra enterprise transactions. Also, the set of the deletion flag isn't allowed while the order is locked.
DLFL– Order is marked for deletion. We can set the deletion indicator.
Why should you learn SAP FICO?
These are the reasons why you should learn SAP FICO:
SAP FICO Encourages smooth financial accounting. It helps in regulating functions.
SAP FICO delivers rapid, credible, and suitable data to complete the exterior reporting tasks. These tasks are Balance Sheet, Profitability Analysis, Profit and Loss Statements, etc.
SAP FICO assists you in tracing and regulating data of various cost and profit centers positioned across the world from a single platform.
SAP FICO helps in Real-time financial processing. It encourages faster management decisions.
SAP FICO gives responses to fluctuating business necessities effectively in a precise way.
SAP FICO enhances business strategy formation. It also improves corporate performance.
SAP FICO Simplifies procedures. Procedures such as reporting, financial consolidation, scheduling, cooperation with other departments. It brings about transparency across the company.
SAP FICO encourages efficient exercises in fulfilling accounting norms, regulation of internal processes, government restrictions, etc. Audit- controlling, Analytical reporting, budgeting, profitability analysis, etc. are just some of the significant characteristics. It helps in making the software versatile.
SAP FICO Improves your understanding of the latest fads in the financial world.
SAP FICO Prepares you with the new software devices. It helps in organizing financial actions in your company.
SAP FICO assists you in enhancing the financial procedures in your organization. It helps in improving value-addition.
SAP FICO implies coordination between numerous functions across the workplace. It leads to smoother business undertakings.
SAP FICO boosts proficient expansion. It provides you better job chances.
Due to all these reasons, SevenMentor provides the best SAP FICO course in Nagpur. So you can learn about SAP FICO and make a fantastic career in this field.
Why choose SevenMentor to learn SAP FICO?
SevenMentor is the Best SAP FICO training institute in Nagpur with 100% placement. It delivers in-depth training to the learners, which helps them get a job in prime IT firms. You can serve in Infosys, Accenture, Wipro, and many more. At our SAP FICO Classes in Nagpur, you can learn about SAP FICO at affordable fees. Our sap fico course fees in Nagpur are reasonable for an individual of every background. Join our SAP FICO class and make a successful career in this field. Our SAP financial accounting and controlling (fico) course involves basic to advanced concepts. Our trainers will train you about SAP R/3 Architecture, Accounts Payable, General Ledger, Accounts Receivable, Asset Accounting in Sap. Our SAP FICO trainers are SAP financial accounting and controlling (fico) authorized specialists. They are skilled working specialists. They have hands-on SAP FICO projects knowledge. You will learn about Profit Centre Accounting (PCA), Internal Orders, Controlling, Profitability Analysis (CO-PA). You will learn about Integration, Product Costing, Reports. We have formulated our sap fico course subject and syllabus as per learners' necessity. It will help him in attaining a career goal. Our trainers deliver academic knowledge and practical knowledge of SAP FICO. In these classes, you will learn about Business processes, Financial Accounting Global Settings.
At SAP FICO Training in Nagpur,our Training centers have all the required facilities. We have a meeting hall, lab, classrooms, and more. We enable our SAP FICO learners to appear for certification after completion of the course. We have successfully educated more than 100 pupils in SAP FICO in our institute. In that, nearly 90% of people got a reasonable chance with our motivation and guidance. At our SAP FICO Classes in Nagpur, we appoint adjustable batch timings. We confirm the needs of learners and assigned professionals. We have made accessible weekend batches, weekday morning, weekday evening, depending upon your requirements. Corporate and Online Training is also attainable for your rational and profitable understanding. Our SAP FICO trainers will assist you in building your resume and also share their project knowledge. By doing SAP FICO training in Nagpur, anyone can become professional. They can learn this technology in little time. SevenMentor provides the best SAP FICO Certification Course in Nagpur ,all the leading companies of the world have acknowledged the Certification of SevenMentor. We deliver the functional and intellectual classes of SAP FICO to learners. After the prosperous completion of the course, you will receive the globally recognized certification. Get the best SAP FICO Course in Nagpur from leading experts with placement aid.
Online Training is the most comfortable learning option available for students. SevenMentor provides sufficient knowledge of SAP FICO through online training. Our trainers are industry specialists with more than a decade of experience in training. SevenMentor offers extensive Online SAP FICO training in Nagpur. The comprehensive logical training delivered byOnline SAP FICO course in Nagpur equips simulations and live projects. In this online training, you can learn about Introduction on SAP FICO, Integration with asset accounting, Integration with SD, Integration with PP, Accounts receivable reports. Such a thorough SAP FICO course has assisted our learners in getting jobs in numerous MNCs. The trainers at SevenMentor are subject experts, corporate specialists delivering deep knowledge SAP FICO. Students attaining the SAP FICO certification have job chances in the business. Whether you are a college student, project manager, you can learn about sap fico effectively.
- 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
Beginner, Intermediate, Advance
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.
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I have done a Sap Fico course in Nagpur from SevenMentor. The online training was engaging and adjustable for me. This way of training will give you 100% assurance to get a job and a bright future. Thankful to SevenMentor for supporting me. I want a functional class once a month.
- Kashvi Molak
I have just finished SAP FICO Training in Nagpur from SevenMentor. It provides an extraordinary way for knowledge. Trainers provide well-structured lessons with live classes, self-learning, assessment, and projects. They are good at answering your queries. I would highly approve SevenMentor to anyone who needs to continue courses.
- Shreya Dhamale
I have just completed Sap Fico Classes in Nagpur from SevenMentor. It is an excellent learning platform with trainers who are patient and professional. They have designed the course in such a way that a beginner can easily understand. SevenMentor has a network so that students can get placements. I am thankful to SevenMentor for giving me a job in a reputed firm.
- Rita Nair
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The practical Corporate Training enables employees to perform better in their job. It helps in generating a higher standard of work. SevenMentor provides adequate knowledge of SAP FICO through corporate training. Our trainers provide interactive lessons and hands-on experience in the SAP FICO module. In this practical corporate training, you will learn about Mapping conditions to COPA values, Price Calculation, Profitability segments and many more. SevenMentor has found real-time projects, industry-ready training equipment, and workshops. It makes the learners begin working on the SAP FICO practical workouts. We offer a corporate SAP FICO course in Nagpur, with 100% valuable lessons. Our Corporate SAP FICO Training in Nagpur principally focuses on obtaining placements for all. In this corporate training, we assist and motivate new graduates and working specialists to attain SAP FICO certification and earn extraordinary knowledge in SAP FICO with placement.
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