SAP FICO is one of the important modules that is offered by SAP. The candidates who aspire to build their future in finance and accounting, getting SAP FICO certified can be beneficial for them. The SAP FICO online training helps in understanding this module from the ground level and make sure that you learn the complete working of the financial system. This training is beneficial for graduates who have a basic understanding of finance and financial terminology & want to learn FICO and SAP Functional Consultants, Technical Consultants and Developers who need a fundamental understanding of FI. After the completion of this training, the candidate will be able to:
- Understand how SAP financial accounting works
- Know how the finance module integrates with other sap modules
- Master the basics of SAP financial accounting
- Realize the importance of the General Ledger and learn about its features
- Learn about important financial accounting terms
- Learn About Sub-Ledgers, Accounts Receivable/Payable, Asset Accounting
By using FICO, you can generate and schedule the reports and can make decisions related to accounting requirements. The SAP Financial Accounting module (FI) allows the monitoring of all the real time financial transactions and also helps in the preparation of financial transaction report. This report is then used for external reporting by administrators, banks, tax authorities, stockholder, etc. It also facilitates different business processes in an enterprise such as General Ledger, Accounts Payable, Accounts Receivable, Bank Accounting, Asset Accounting, Funds Management, Travel Management and Special Purpose Ledger. The SAP Controlling module (CO) is used to provide reports on contribution margins, cost centers, profit centers, etc.
In view of the increasing popularity of SAP FICO in the market, many professionals are attracted towards this module. The online SAP FICO training is advantageous for those who are looking to make a career in accounting and finance. The course is designed in a way that makes it easy to understand and absorb by the learner. This means that this is a great way to learn for those at a beginner level as well as those who are already engaged in some professional in an organization. For those who are preparing for SAP FI certification, this training can help them in clearing their exam in the first attempt.