SAP FICO

Course Summary

SAP Financial Accounting FI Module has all the resources needed to meet the entire set of financial and accounting needs of an organization. Financial managers can review the financial standing of the company using this module along with the other department managers. Such access to the financial status of a company in real time is a step up over legacy systems which require overnight updates prior to financial statements often which can be produced for review by management. This is one of the most important modules of SAP ERP and can be integrated with other existing SAP modules such as SAP PP, SAP MM, SAP SCM and a whole lot more.
The SAP CO module has the unique support that is offered to management in terms of planning, reporting along with monitoring operations of the enterprise. The levels of information provided by this module enable management to enhance their decision-making capabilities. Information regarding costs and revenue for an enterprise is provided by the Cost Element Accounting component of the SAP CO module. Such postings are automatically updated from FI to CO for synchronization of data. SAP CO aids in monitoring, coordination, and optimization of all processes in an enterprise. This includes management and configuration of master data which covers the cost and profit centers, internal orders and other functional areas.

SAP FICO is very important when it comes to the industries across all domains since it has easy and simple configuration tools, along with compatibility with other accounting software and user-friendly features. Irrespective of it being the banking or finance, manufacturing, and healthcare or media services, SAP FICO’s efficient processing of data and speedy processes helps attain organizational goals.

Course Highlights

SAP FICO certification courses can be divided into the following sections and subsections:

• Introduction to FI/CO- This includes the definition of SAP FI/CO, Sub Modules in FI and CO and Introductions to G/L, Banking and Treasury and more.
• Global Parameters- This covers Company and Company Code, Business Area and Credit Control Area, Fiscal year variants and more
• G/L Concepts- This section spans the preparation and finalization of COA in Real Time, G/L integration and automatic clearance maintenance.
• A/R & A/P, Banking– Account groups, terms of payments, Tax calculation procedures, all form a part of this section
• Asset Accounting- The scope of this section covers chart of depreciation, Group Assets and Strategy on data Migration related to Asset
• Integration- the scope of FI-MM Integration, Accounting aspects of Material Master and Material Movements Types are covered here
• Controlling & Cost Element Accounting- spans the scope of Controlling Area, Statistical Key Figures and more
• Cost Center Accounting- Cost Center Hierarchy, Cost Center Categories and more are covered here
• CO-PA, Internal Orders, Profit Center Accounting, Product Costing and Material Ledger

Real-Time Concepts are also covered in detail.

Prerequisites

Even though there are no stringent requirements to take up SAP FICO, it helps to have a basic understanding of finance and accounting. Prior experience and exposure to accounting and dealing with financial data would be an added advantage to taking up this course. A good comprehension of data flow within the SAP system, along with an educational background in commerce is also an added plus while taking up SAP FICO.

Why to learn our Course?

• Understanding of how SAP Financial Accounting works
• Fundamentals of SAP Financial Accounting
• Gaining a knowledge of Essential Financial Accounting terms
• Comprehension of General Ledger, its features, and their importance
• Understanding the manner in which the financial module will integrate with the other SAP modules
• Organizational elements of R/3 and the basic settings
• Ability to Classify and reconcile R/3 documents with the original ones
• Comprehension of Opening and closing posting periods and understanding of posting authorizations to users

Who can attend?

SAP FICO training spans a wide range of candidates as given below:

• Finance professionals, SAP consultants, finance controllers and finance managers stand to gain the most from a SAP FICO certification
• Finance students, accountants, and students with a degree in Finance can take up SAP FICO for career advancement in their current organization
• SAP Technical consultants and developers can take this up to enhance their personal operational efficiency.
• Finally, SAP FICO certification also comes highly recommended for CPAs and CFAs

Advantages of SAP FICO

SAP FICO has multi-tiered advantages when it comes to implementation and uses in the enterprise of today:

• Enables smooth financial accounting and controlling functions
• Offers rapid, reliable and relevant data to feed the requirements of external reporting tasks like Profitability Analysis, Profit and Loss Statements, Balance Sheet and a whole lot more.
• Aids one in tracking and monitoring data of varying costs and profit centers located across the world from an individual platform.
• Accelerated management decisions are made possible using Real-time financial processing.
• The ability to respond to constantly changing business needs is made possible and in a timely manner
• Corporate performance and business strategy generation gets a huge leg up when SAP FICO is implemented
• Simplification of varied processes ranging from reporting, financial consolidation, scheduling and collaboration with other departments is made a reality. Along with this even the transparency across the enterprise is enhanced greatly
• Everything ranging from Cash-flow, treasury functions and credit management to receivables and payables and collections can be managed with increased levels of efficiency
• Enhanced practices in clearing government regulations, adhering to accounting standards and regulation of internal processes and more is possible using SAP FICO

Companies using SAP FICO

Accenture Consulting

The Gartner Magic Quadrant for SAP Implementation Service Providers has been awarded to Accenture showing that the premier global software services provider excels at the use of SAP technologies, and SAP FICO in particular

Suzlon Energy Limited

This astounding renewable energy enterprise is known for implementing SAP FICO to optimize enterprise operations in the financial and accounting sections of the enterprise

Nestle Foods

This is a Swiss-based food multinational is a well-known industry entity that uses SAP FICO to power its financial operations on a periodic basis.

Honeywell International

As the leading name in commercial and consumer products the world over, it needs constant upkeep of financial, accounting and related processes. This is made possible by SAP FICO

Hewlett-Packard

Without the unique features of SAP FICO, this global IT conglomerate has few chances of holding together its financial infrastructure.

Why Bumaco Global?

We are the premier provider of certification courses with standards that match global benchmarks because:

• We provide real-time and placement focused sap fico training
• We employ SAP FICO trainers who are SAP financial accounting and controlling (FICO) certified experts and seasoned working professionals with knowledge gained from hands-on real time projects.
• We focus on the needs of the SAP FICO trainees and train them on par with industry standards.
• The experience gained by candidates through certification can count towards real-time experience as a SAP FICO professional

What Do We Provide?

• Experienced faculties who are certified in the area of SAP FICO
• Quality study materials like assignments, assessments, case studies and video presentations
• Access tools to perform analysis and reporting
• Become a certified with the concepts, techniques and its tools