FICO Training

SAP FICO Online Training Course in Hyderabad and Bangalore.

What is SAP FICO?

Since the 1990s, many of the world’s top financial institutions, investment firms, and private equity firms have migrated to SAP® FICO solutions. This includes some of the top credit card issuers, top mortgage originators, leading investment managers, leading insurance companies, and top banking organizations. The software package also powers mobile commerce applications for many of the world’s top retailers. With more than 30,000 developers around the world, SAP FICO delivers the technology that banks and credit unions use to put people to work with great products for their clients. What are the strengths of SAP FICO? SAP FICO’s products are easy to use. No matter how complex your business needs are, the solutions can simplify many of the day-to-day decisions for you.

SAP FICO Training in Bangalore

We are the top SAP FICO training institute in Bangalore. Our institute is known as the best training institute for FICO training. SAP FICO is a great tool that everyone needs to implement in their work. This tool helps in building machine learning programs. Training the people for this tool is the best option for a vast majority of people. In our institute, we focus on our students’ needs. We have a range of training programs to offer SAP FICO. Our institute offers 24-hour online SAP FICO training, SAP FICO Training Courses. Besides this, we provide a support system to all students through email, telephone, or online chat. You can also ask for any advice through Twitter.

Benefits of NEHA Infotech SAP FICO Training in Hyderabad and Bangalore

SAP FICO Online Training – Steps to Successfully Perform SAP FICO Functioning Our Professional SAP FICO Training in Bangalore will provide the best training in effective SAP FICO methodology. The SAP FICO online training institute in Bangalore knows the benefits of our SAP FICO training. SAP FICO training in Bangalore focuses on the exact needs of our SAP FICO community. SAP FICO Online Training in Bangalore will provide the best training in effective SAP FICO methodology. The SAP FICO online training institute in Bangalore knows the benefits of our SAP FICO training. SAP FICO training in Bangalore focuses on the exact needs of our SAP FICO community.

Why Choose Us?

We are dedicated to offering you the best SAP FICO Training Institute in Bangalore. We strive to cater to the needs of the SAP FICO community. SAP FICO training in Bangalore offers you one of the best SAP FICO training courses in Bangalore. SAP FICO training in Bangalore is a premier course provider of SAP FICO FAM SE Certified Professionals (FAMCP). We have developed a remarkable knowledge in the field of SAP FICO training. We are 100% dedicated to equip you with the latest in-depth knowledge on SAP FICO. We provide the best SAP FICO training courses in Bangalore. SAP FICO course is an ideal way to boost your skills and earn higher pay with SAP FICO.

Conclusion

Looking at the SAP FICO application and technical expertise, we think that FICO can be a good learning partner for SAP. In the same way, SAP can focus on best-in-class products in their businesses, FICO can focus on offering best-in-class training to their consumers. It’s like the perfect match.

Q: What is SAP FICO?

A: SAP FICO stands for Financial Accounting (FI) and Controlling (CO) in SAP ERP (Enterprise Resource Planning). It is a comprehensive module that manages financial accounting and cost controlling functions within an organization.

Q: What are the key components of SAP FICO?

A: The key components of SAP FICO are:

• Financial Accounting (FI): Manages general ledger accounting, accounts payable, accounts receivable, asset accounting, bank accounting, and financial reporting.
• Controlling (CO): Handles cost and management accounting, including cost center accounting, internal orders, profit center accounting, product costing, and profitability analysis.

Q: How does SAP FICO handle financial accounting?

A: SAP FICO manages financial accounting by recording financial transactions, posting journal entries, processing accounts payable and receivable, and generating financial statements like balance sheets and income statements.

Q: What is the role of SAP FICO in cost controlling?

A: SAP FICO supports cost controlling by allocating costs to different cost centers, monitoring actual costs against planned budgets, and providing insights into cost analysis for decision-making.

Q: Can SAP FICO handle global financial operations?

A: Yes, SAP FICO can handle global financial operations by supporting multiple currencies, country-specific financial reporting requirements, and localization features for tax and regulatory compliance.

Q: How does SAP FICO integrate with other SAP modules?

A: SAP FICO integrates with various other SAP modules like Materials Management (MM), Sales and Distribution (SD), and Production Planning (PP) to ensure seamless data flow and comprehensive financial management.

Q: What are the reporting and analytics capabilities of SAP FICO?

A: SAP FICO offers powerful reporting and analytics functionalities that enable financial managers to access real-time financial data, conduct cost analysis, and generate customized financial reports.

Q: What are the career opportunities for SAP FICO professionals?

A: SAP FICO professionals can pursue roles such as SAP FICO consultant, financial analyst, cost accountant, SAP FI/CO functional analyst, and finance manager in various industries.

Q: How can I get started with SAP FICO training?

A: To get started with SAP FICO training, you can explore SAP-authorized training courses, online tutorials, and resources. Hands-on experience with SAP FICO systems and practical projects can enhance your learning and proficiency.

Q: Is prior knowledge of finance and accounting necessary to learn SAP FICO?

A: Prior knowledge of finance and accounting can be beneficial, but it is not mandatory to learn SAP FICO. SAP FICO training covers accounting and controlling concepts and how to apply them within the SAP FICO module.

Q: Can SAP FICO be used in both small and large enterprises?

A: Yes, SAP FICO can be used in both small and large enterprises as it offers scalable solutions that cater to the financial management needs of organizations of all sizes.

 

SAP FICO Course Content:

1. Introduction to SAP FICO
   • Overview of SAP ERP and SAP FICO
   • Organizational structure in SAP
   • Master data and transaction data in SAP FICO
2. Financial Accounting (FI) Module
   • General Ledger Accounting
     • Chart of Accounts
     • Account Groups and GL Account Creation
     • Journal Entries and Posting
     • Document Reversal
   • Accounts Payable (AP)
     • Vendor Master Data
     • Invoice Processing
     • Payment Processing
     • Vendor Reports
   • Accounts Receivable (AR)
     • Customer Master Data
     • Invoice Processing
     • Receipts and Incoming Payments
     • Customer Reports
   • Asset Accounting
     • Asset Master Data
     • Asset Acquisition and Retirement
     • Depreciation Calculation
     • Asset Reports
   • Bank Accounting
     • Bank Master Data
     • Bank Reconciliation
     • Electronic Bank Statement (EBS)
3. Controlling (CO) Module
   • Cost Element Accounting
     • Primary and Secondary Cost Elements
     • Cost Element Groups
   • Cost Center Accounting
     • Cost Center Hierarchy
     • Cost Center Planning and Allocations
     • Actual Cost Posting and Reporting
   • Internal Orders
     • Order Types and Order Master Data
     • Internal Order Planning and Budgeting
     • Settlement of Internal Orders
   • Profit Center Accounting
     • Profit Center Standard Hierarchy
     • Profit Center Planning and Actuals
     • Profit Center Reports
   • Product Costing
     • Costing Types
     • Material Master and BOM
     • Costing Runs and Costing Sheets
     • Cost Component Split and Variance Analysis
   • Profitability Analysis (CO-PA)
     • Characteristics and Value Fields
     • Profitability Segments
     • Actual and Plan Data Analysis
4. Integration with Other SAP Modules
   • Integration with Materials Management (MM)
   • Integration with Sales and Distribution (SD)
   • Integration with Production Planning (PP)
   • Integration with Controlling (CO) and Financial Accounting (FI)
5. Reporting and Analytics in SAP FICO
   • Financial Statements (Balance Sheet, Income Statement, Cash Flow Statement)
   • Drill-down Reporting and Report Painter
   • SAP List Viewer (ALV) Reports
   • Financial Statement Versions
6. Configuration and Customization
   • Customizing Company Code and Chart of Accounts
   • Document Number Ranges and Fiscal Year Variant
   • Configuring Tax Procedures and Tax Codes
   • Controlling Area and Cost Center Standard Hierarchy
7. End-to-End Project Implementation
   • Understanding Business Process Requirements
   • Blueprinting and Solution Design
   • SAP FICO Configuration and Testing
   • Data Migration and Master Data Setup
   • User Training and Go-Live Support