SAP FICO

Learning SAP FI/CO

One of the foremost and spicy modules of SAP is (FICO) or Financials and controlling module. Plenty of users prefer to dive into the venture for getting SAP FICO training thoroughly. This is famously accepted as a very hot and spicy segment of SAP and plenty of folks prefer to undergo its technical training. It covers the finest technical aspects i.e. Book keeping and management of your business. Plenty of organizations are conducting crash SAP FICO training courses to train their employees. Moreover, the IT department has plenty of superlative FICO related jobs for all those folks who know ins and outs of FICO.

Different Approaches to Learn SAP FI/CO

You can get the appropriate SAP training in the following popular manners. The first popular approach is the traditional classroom approach. This is a bit expensive in a way that you have to pay for the travelling expense and the related teachers and building pays etc. The other best SAP FICO training strategy is to refuse the classroom experience and stick to the online learning strategy. This has now been rather a remarkable experience as the candidates are able to organize their learning timetable in the way they want. They can even learn the classes at night. Moreover, the students can get much valuable learning stuff on the superlative resource of internet. You can’t exactly predict the expenses of this SAP FICO training courses as they vary from place to place. Classroom training is a bit more expensive than that of the online training. Likewise, any added latest facilities can also cost you more bucks. If the institute has more experienced teachers then they would definitely pay them more and crank out additional money from your pockets as well. After acquiring the SAP FICO training, you would be awarded an instant professional boost that would take your career much ahead in your professional life. Plenty of IT jobs would be available at your doorstep right after completing SAP FICO training course successfully.

The SAP FICO module which is the most important module of all. SAP FICO module is the finance module which is like the master module for all the other modules. This basic training will prepare you to become a trainee/junior level FI/CO consultant. Using this training you can easily find a trainee FI/CO consultant job with any consultancies and proceed from there to get on the job training to become a trained consultant.

Online training highlights:

Online live instructor led training.

Trainers are mostly industry experts.

Sr. SAP FICO professionals who are currently leading big projects are our instructors.

Lab intensive hands on courses with real life examples from SAP FICO projects

Customized SAP FICO training for individual or group needs

Multiple SAP FICO trainers offering different types of courses like basic, advanced series.

Access to SAP FICO software provided 24*7 when needed.

Excellent material provided on SAP FICO

Affordable and economical f

Course Name      :  SAP FICO online training Course Duration :  50 Hours  SAP FICO

Introduction to SAP R/3 Introduction to ERP,  Advantages of SAP over other ERP Packages Introduction to SAP R/3 FICO

Financial Accounting Basic Settings Definition of  company Definition  of company code Assignment of company to company code Definition of business area Definition of fiscal year variant Assignment of fiscal year variant to company code Definition of posting period variant Assignment of posting period variant to company code Open and close posting period Defining document type & number ranges Maintenance  of field status variants Assignment of field status variant to company code Definition of tolerance groups for GL accounts Definition of tolerance groups for employees Assignment of tolerance groups   to users Taxes on Sales & Purchases (input & output) Creation of chart of Accounts Defining Accounts Groups Defining Retained Earnings Account.

General Ledger Accounting Creation of General Ledger Master (with and with out reference) Display/Change/Block/Unblock of general ledger master Document Entry posting normal postings and posting with reference Display and change of documents Display of GL balances Display GL account line items Parked documents Hold documents Creation of Sample Document and postings with  sample documents Defining recurring entry document and postings with recurring doc. Creation of account assignment model and posting Configuration of line layouts for display of GL line items Reversal of individual documents, mass reversal , reversal of cleared items and reversal of accrual and deferral documents Defining Exchange Rate types and Translation ratios Define Exchange rates &  posting of foreign currency transactions Interest calculations on term loans Accrual and Deferral  documents

Accounts Payable CCreation of General Ledger Master (with and with out reference) Display/Change/Block/Unblock of general ledger master Creation of vendor account groups creation of number ranges for vendor master records assignment of number ranges  to vendor account groups Creation of tolerance group for venders Creation of vendor master (display/change/block/unblock of vender master) Posting of vendor transactions (invoice posting, payment posting, credit memo) Settings for advance payments to parties (down payment) and clearing of down payment against invoices (special GL transactions) Posting of partial Payment & Residual Payment Creation of payment terms, Creation of house banks and account ids. Creation of check lots and maintenance of check register display check register cancellation of  un issued checks creation of void reasons cancellation of issued checks posting of purchase returns Configuration of automatic payment program Payment to vendors through APP Defining correspondence & party statement of accounts

Accounts receivable Understand concepts of Web intelligence Creation of customer account groups creation of number ranges for customer master records assignment of number ranges  for customer account groups Creation of tolerance group for customers Creation of customer master (display/change/block/unblock of vender master) Posting of customer transactions (sales invoice posting, payment posting, debit memo) Settings for advance payment from parties (down payment) Configuration of settings for dunning generating the dunning letters defining correspondence and party statement of accounts Bills of exchange posting of sales returns

Asset Accounting Defining chart of depreciation creation of 0% tax codes for sales and purchased assignment of  chart of depreciation to company code Defining account determination definition of screen lay out rules definition of number ranges for asset classes Integration with General Ledger & Posting rules Defining Depreciation key definition of multilevel methods definition of period control methods creation of main asset master records creation of sub asset master records Acquisition  of fixed assets sale of fixed assets transfer of assets Scrapping of assets, Depreciation run Line item  Settlement of assets under construction of capital work in progress

Reports 1 Financial statement version General Ledger, Accounts Payable, Accounts Receivable and Assets Reports

CONTROLLINGBasic settings for controlling Defining Controlling Area Defining Number ranges for Controlling Area Maintain Planning Versions

Cost element accounting: Creation of primary cost elements from  financial accounting area creation of primary cost elements from controlling area display of cost element master records change cost element master records primary cost element categories secondary cost element categories default account assignments

Cost Center Accounting Defining Cost Center Standard Hierarchy Creation of Cost Centers and cost center groups display cost center master records change cost center master records creation of cost center groups posting to cost centers reposting of co line items Repost of Costs planning for cost centers Overhead Calculation creation of secondary cost element master records Creation and Execution of Distribution Cycle creation and execution of assessment cycles cost center reports

Internal Orders Defining order types Creation of internal order master records display internal order master records change internal order master records postings to internal orders planning for internal orders reposting co line items for internal orders repost of costs for internal orders Report of Variance analysis for internal orders creation of real internal orders posting  of business transaction to real orders definition of allocation structures definition of settlement profiles definition of planning profiles settlement of real internal orders budgeting and availability control maintain number ranges for budgeting define tolerances for availability control specification of exempt cost elements fr4om availability control maintenance of budget manager

Profit Center Accounting Basic Settings for Profit Center Accounting Creation of Dummy Profit Centers maintenance of control parameters for actual postings Maintaining planning versions for profit centers maintaining the number ranges for profit center documents Creation of profit center master records display of profit center master records changing the profit center master records Creation of revenue cost elements Automatic Assignment of Revenue elements for Profit Centers assignment of  profit centers in cost center master records creation of account groups in profit center accounting for planning planning for profit and loss account items planning for balance sheet items posting of transactions  into profit centers generating the variance reports for profit and loss account items Generating the variance reports for balance sheet items.

Profitability analysis Maintaining the operating concern Define profitability segment characteristics Assignment of controlling area to operating concern Activating the profitability analysis Define number ranges for actual postings Mapping of SD conditions types to COPA value fields Creation of reports viewing the reports

Certifications in SAP

Learning SAP isn’t an overnight process and not any average Joe is able to learn this applications science. There is no doubt that corporations and organizations are craving for SAP experts and plenty of vacancies are empty in order to pluck out the expert SAP persons from the market. Moreover the SAP certifications can be acquired in three layers. The first layer is known as Associate Certification which is related with the basic understanding about SAP. The second stage is termed as professional certification that is the middle level certification and needs the person to have some project experience as well. The third layer is the last layer which involves the most complicated certification i.e. Master level certification. The basic motto of these complex certifications is to acquire the competency in particular element of SAP. There is no doubt that the SAP certifications define the key role in determining the efficiency and competency of the applicant. Nowadays, the organizations give much wattage to SAP certificate holders and their pay scales are also reasonable. The certifications also reflect the proficiency level of the job seeker as well as his experience in the practical field.

Internet, being the phenomenal resource for learning SAP modules, has attractive packages for online users to grab reasonable skills in SAP. You can witness bundle of online SAP training programs available on the superlative resource of internet. Both written material along with the audio and visual classes are present on the internet and anyone can take those online learning classes while staying at his own place. They also provided downloadable eBooks. Today it is very easy for any person to attend the SAP course. The only requirement is to have a high-speed internet connection and a credit card. As the SAP provides an in-depth reliance of organizational data, plenty of huge organizations need SAP experts to enhance the productivity of their organization. These reliable online training programs have created a chain of SAP specialists in world market and organizations have a splendid advantage to choose the best among them.

Important modules of SAP

Some of the important modules of SAP are Financials and Controlling (FICO), Human Resources (HR), Materials Management (MM), Production Planning (PP) and the (SD) Sales and Distribution. The trainings are provided in those modules in order to enhance the user competency level in handling SAP software. All of these modules are linked with each other.

SAP FICO training course successfully.

The SAP FICO module which is the most important module of all. SAP FICO module is the finance module which is like the master module for all the other modules. This basic training will prepare you to become a trainee/junior level FI/CO consultant. Using this training you can easily find a trainee FI/CO consultant job with any consultancies and proceed from there to get on the job training to become a trained consultant.

Online training highlights:

Online live instructor led training.

Trainers are mostly industry experts.

Sr. SAP FICO professionals who are currently leading big projects are our instructors.

Lab intensive hands on courses with real life examples from SAP FICO projects

Customized SAP FICO training for individual or group needs

Multiple SAP FICO trainers offering different types of courses like basic, advanced series.

Access to SAP FICO software provided 24*7 when needed.

Excellent material provided on SAP FICO

Affordable and economical fee