The FICO module is SAP's most important module. To become a SAP FICO consultant, you must devote a significant amount of time and effort to learning about the processes and setup procedures. SAP FICO includes two areas, SAP Finance (FI) and SAP Management (CO).
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About SAP FICO
Each one is important for a good financial process. SAP FI works with general financial accounting and reporting, SAP CO focuses on the design and value tracking. SAP FICO is an important practical part in SAP ERP. It enables a company to take care of an accurate version of the business group's action data. SAP FI and SAP CO used to be separate modules, today we simply speak of modules.
What is SAP FICO?
SAP FICO is a SAP ERP module used for both external and internal financial reporting. The goal is to record all financial transactions recorded by an organization. and create a plan that is correct at the end of the fiscal period. The overall style of SAP FICO is FI (financial accounting) and CO (controlling).This SAP FICO Course explains the SAP FICO overview and thus the main functions of the SAP FICO module. SAP FI consists of sub-modules of SAP FICO. The sub-modules used without emphasis are Accounts Receivable, Accounts Payable, Fixed Assets, General Ledger, and Banking. Each module is linked and tuned in real time. Only a control balance is drawn, which is often balanced since all submodules are connected.The following diagram shows the combination between the FICO SAP modules. The goal of SAP FICO is to support companies in the preparation of cash statements. Knowledge of money is required for reports and analysis. It helps in higher cognitive processes and effective business planning. SAP provision modules, as well as (production design (PP), sales (SD), quality management (QM), materials management (MM), maintenance (PM).
Why do you need to learn SAP FICO?
The following explains why you should learn SAP FICO. Choose a career in demand Today, multinational and alternative large corporations are choosing to hire certified SAP professionals. Nowadays there are only a few SAP consultants. That is why SAP experts are in high demand.The SAP certification gives you an honest job in this field. The growing importance of SAP FICO helps in the systematic preparation of money management systems. The use of this software package extends to most aspects of the business process. Facilitates simple and cost-effective application procedures. are continuously certified. If you're excited to continue your career in this burgeoning field, get the inside scoop on SAP.This improves your CV. Today's Most Subtle Module The SAP FICO Course in Vadodara consists of many parts that serve very different monetary purposes. Accounts payable, accounts receivable, general ledger, bank accounting, and travel management are integral parts of SAP FICO. SAP FICO is incredibly flexible, easy to use and therefore a favorite of companies around the world. Today, several companies use SAP FICO. It's in high demand. You can complete the training with the SAP FICO categories in Vadodara and stay competitive in the IT market.
Is SAP FICO a Good Career?
Indeed, one good career in SAP FICO is still an excellent challenge associated with it. Even better if you have an accounting or finance background. SAP is the leading ERP in the world and its quality and demand are increasing day by day. It offers you many career opportunities in your field. Although SAP has released several versions of HANA, the code remains the basis. As an aspiring SAP, this question is often asked. This is one of the most frequently asked questions about a career at SAP FICO. Will you choose SevenMentor SAP FICO in Vadodara? SevenMentor could be a top-notch institute that offers the most effective SAP FICO classes in Vadodara. It conforms to current business standards and helps students obtain replacement dates and find employment with well-known international companies. We offer SAP FICO training with a hundred PC work guarantee at affordable prices. Therefore, our course is economical. Students from all walks of life will take this course and fulfill their dreams. We have a team of trainers at SAP FICO training in Vadodara.You have a decade of experience. They are advisors and up to date in the subjects they teach. You pay for the time with real industrial applications.Trainers are professionals working in large international companies. They give you sensitive data from the basic level to the advanced level of SAP FICO. They like the "learn by doing" strategy. You will receive valuable information with practical exercises and real simulations. The SAP FICO training institute in Vadodara includes Introduction to ERP, General Accounting, Monetary Accounting, Accounts Payable, Accounts Receivable, Quality Accounting, Reporting, Management BASIC SETTINGS for Controlling, Value Center Accounting, Internal Orders CO, the profit center accounting, the COPA report and integration. Within the SAP FICO course in Vadodara, we have a variety of learning materials. Our learning material includes books, video lectures, PDFs, sample queries, interview questions (HR and technical), and projects. Our qualified trainers have received several prestigious awards for their SAP FICO data.
In the SAP FICO course in Vadodara, they support you with extensive project training, small project training, live project preparation, interview preparation and employment support.Our trainers convey technical ideas efficiently. SevenMentor offers high-tech infrastructure and laboratory facilities. At the SAP FICO course in Vadodara, we have affordable lab facilities that are available 24/7. Our students will visit the labs a myriad of times depending on their schedule.The facilities such as useful lecture halls with LAN connection, projectors, live racks and digital pads are there for the students. SevenMentor offers a tailor-made, regular and weekend SAP FICO classes in Vadodara. The course is available day and night. a tendency to do accelerated coaching as well. Along with classroom training, online training and corporate training are also available for quality student learning. Trainers conduct temperament building sessions with spoken English and group discussions. In addition, they encourage the improvement of students' artistic and presentation skills. If you complete the SAP FICO course, you can get a certificate. Our certificate is recognized worldwide. We offer our students a 100% job guarantee, our placement team actually hires people in international companies. Course trainers help you through difficult interviews and create resumes that support today's business standards. SevenMentor provides reasonable SAP FICO training with job placement opportunities and affordable to have a wonderful career in this field. It is the easiest alternative for you.
Our Online SAP FICO Classes in Vadodara are open to students and applicants who are interested in learning about technological advancements. The greatest instructors at SevenMentor & Training Pvt. Ltd. coach and lead individuals to a successful profession. Students can enroll in an Online SAP FICO Training in Vadodara to help them achieve their career objectives. The Online SAP FICO course in Vadodara puts you in the right direction and helps you make the best decisions.
- 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
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This is where I received my SAP FICO training. The teaching is excellent, and the trainers are really knowledgeable. SAP FICO is a fantastic institution. Good professors and a positive training experience.
- Shilpa Salunke
The SAP FICO course is well-organized, and the instructors have a good teaching style. The live sessions and practical classes were always a highlight for me. I liked the SAP MM training case assignments in BTM layout because they were helpful.
- Neha Barathe
The SAP FICO training was outstanding, with many opportunities for students to interact. In a team, knowledge exchange is beneficial. The ability to record is really useful for reviewing the course
- Reetha Jordan
Course video & Images
Corporate SAP FICO training in Vadodara is available in a variety of formats. Experienced candidates can enroll in Corporate SAP FICO Course in Vadodara to master new skills swiftly. SevenMentor & Training Pvt. Ltd. provides both on-the-job and classroom training. As a result, those who have registered may be put in their respective firms or perform well in them. Trainers lead applicants in such a way that they absorb a lot of information. Candidates' abilities are enhanced and expanded through our ongoing examinations and exams.
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