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  • Functional
  • Procurement

SAP FICO - SAP FICO (Financial Accounting and Controlling) Online Training

  • 4-5 weeks
  • 30 Hours
  • 2400+ Student Enrolled

Learn SAP FICO online with Best Online Career’s Online SAP trainings. In SAP FICO Training Course participants will gain a comprehensive view of the Finance analytics real-time operational reporting tools.

With this SAP Financial accounting course you will get free access to SAP FICO server, SAP FICO training videos and SAP FICO study material.
SAP FICO course content is designed as per the current industry standards.

Enroll today and get expert in SAP Sales and Distribution.

4.7

Introduction To SAP FICO

SAP FICO is a basically used for financial reporting externally as well as internally. The perspective of this module is to keep record of all financial transactions that are posted by an entity and produce financial statements that are accurate at the end of the trading period. SAP FI-CO is a combination of FI i.e. Financial Accounting and CO i.e. Controlling part in SAP ERP system. SAP FI contains accounts receivables, accounts payables, asset accounting, general ledger accounting, bank accounting, etc. Now, the CO part, which is a management tool which helps decision making and reporting

Features Of SAP FICO

  • SAP FICO can be integrated with other SAP modules like Production Planning(SAP PP),) ,Sales and Distribution (SAP SD), Plant Maintenance (SAP PM), Project Systems (SAP PS), and Materials Management (SAP MM )
  • More accountable and versatile to handle complex workflow and large processes.
  • Real-time posting of Logistics (LO) accounting.
  • Highly effective for external reporting like profit and loss statements, balance sheet.
  • The FI feature can receive postings from different modules like SAP SD , SAP MM, and Human Resource through an integrated network.

What Next After Completing SAP FICO Online Training?

    SAP FICO stands Financial Accounting and Costing is the highest paid salary with the very good growth rate. Many companies are looking for certified SAP FICO Professionals. You can get job in following industries:

  • Banking
  • Automobile
  • Oil and Gas
  • Consumer Products
  • Engineering, Construction
  • Healthcare
  • Telecommunications
  • Chemicals
  • Marketing and Advertising

Job Title for SAP FICO

  • Financial Management expert
  • SAP FICO-Functional analyst
  • SAP FICO Consultant

Key Features Of Our Training :

    • Interactive online training for better learning.
    • Suited for Beginner & Advanced level Students
    • More than 10,000+ students enrolled till today.
    • Flexibility of batch timings.
    • Syllabus strictly designed as per current industry standards.
    • Online SAP training courses designed and delivered by industrial SAP experts.
    • Trainers with experience of 10+ years in SAP training
    • Hand on required Online SAP training module.
    • 24X7 Server Access for Student’s Portal, Tainting Materials, Training Videos.
    • Access on mobile and TV
    • Easy and simple SAP training material, e-PDFs, Sample Questions.
    • Affordable Fees
    • Weekday and Weekend Demo batches available.
    • Book a FREE DEMO now!

What You’ll Learn?

    • introduction to ERP And SAP Fico
    • Introduction to ERP And SAP
    • Document types and NumberRanges
    • Define Tolerance for GL Accounts and Employees
    • Master Data Overview
    • Chart of Accounts and types.
    • Retained Earnings Account
    • Maintain Exchange Rates Maintain Table
    • Define Translation Ratios for Currency
    • Details of Accounting Documents
    • Bank Accounting
    • Accounts Payables and Account Receivables

Best Suited For :

    • Application Consultant
    • Data Consultant / Manager
    • Developer Consultant
    • Technology Consultant
    • Program / Project Manager
    • Business Analyst
    • Developer
    • User
    • Business Process Owner / Team Lead / Power User

Get Trained From Our Experts

Best Career Online provides a range of Online FICO Training. Best Online Career’s SAP FICO online course is well designed and mentored by a team of experts. With this SAP FICO technical training, we provide the best SAP FICO training material.

SAP training will acknowledge all the key topics of the SAP FI module and SAP CO module. SAP FICO online training will help you to understand each stage of SAP Transportation Management and its activities.

Along with this Training Course students will be benefited from SAP FICO server access so that students can log in even from their home and practice. Just in case you miss out on any batch we offer SAP FICO training videos.

Best Online Career courses are available 24x7.

SAP FICO Interview Questions

Below is a key list of SAP FICO Interview Questions for fresher’s and end-users or new consultants. It would definitely help you to prepare for an SAP FICO interview and get more information on SAP FICO topics. Do check out our blog on guides to Start your career into SAP FICO.
Also, these questions are important to learn as these are the basic conceptual topics that interviewers expect the candidate to know. Thus, they keep these SAP FICO Interview Questions for freshers and even for experienced candidates in their question book.

    SAP FICO stands for FI (Financial Accounting) and CO (Corporate Accounting) (controlling). SAP FI is responsible for accounting, financial statement preparation, tax computations, and so forth, whereas SAP CO is responsible for inter orders, cost sheet, inventory sheet, cost allocations, and so on. It is the software that stores, computes, and retrieves data based on the current marketing scenario. SAP FICO not only prevents data loss, but also verifies and reports data.

    The other modules to which ‘Financial Accounting’ is integrated are:
    a) Sales and Distribution
    b) Material Management
    c) Human Resource
    d) Production Planning
    e) Controlling of financial transaction

    The default exchange rate in the FICO is the Average Rate. It is not always necessary that everyone needs to use the FICO in the same manner. Therefore, it needs to be changed as per the requirement.

    It simply allows them to keep track of the purposes for which a given amount was sent, as well as all associated information. Users can simply preserve a digital record of all cash received or transferred from one account to another. This allows them to create documents for the future that will serve as the foundation for some critical initiatives and decision-making processes. Financial statements can also help firms gain tax breaks in some instances. Furthermore, consumers have access to a record of all financial transactions at any moment they require it.

    Financial Accounting and Controlling (FICO) is an acronym for Financial Accounting and Controlling. It is essentially a useful tool for preparing financial statements for an organization or a business. FICO can also be used for accounting, tax computations, inventory sheet preparation, and financial data storage, among other things. Users do not need to be concerned about data security, and it merely ensures that the data is managed and utilized in a trustworthy manner.

    SAP system does not know what is broken fiscal year e.g April 2012 to March 2013 and only understand the calendar year. If, for any business, the fiscal year is not a calendar year but the com bination of the different months of two different calendar year and then one of the calendar year has to classified as a fiscal year for SAP and the month falling in another year has to be adjusted into the fiscal year by shifting the year by using the sign -1 or +1. This shift in the year is known as ‘year shift’.
    Example: April 2012 to Dec 2012 is our first calendar year, and Jan 2013 to March 2013 is our second year, now if you are taking April-12 to Dec-12 as your fiscal year, then Jan-13 to March-13 automatically becomes the second year, and you have to adjust this year by using -1 shift, and vice versa if the scenario is reversed, here you will use +1 shift.

    It stands for Work in Progress and basically defines the status of the asset that is under development mode in the SAP FICO. It is possible for the users to customize it if required.

    The basic purpose of creating a Profit Center in SAP is to analyze the revenues and costs for a particular product line, a plant or a business unit. Though you can generate balance sheets and profit and loss accounts per profit center still a profit center should be used as a tool only for internal reporting purposes.
    If legally one has to produce the Balance sheets and Profit and Loss Accounts for a profit center, then it is advisable to create it as a company code instead of a profit center

    One of the major issues is Tax Slabs are not similar in all the countries. Also, there are additional taxes applicable there. SAP FICO has tax procedure already defined in it for various nations and the users are free to get the information regarding the same. The Tax amounts can be sent to stocks by default or the users are free to make challenges in them as per their need and convince. Thus, taxes are not an issue with the SAP FICO.

    We can make a scheduling agreement for consignment, subcontracting and stock transfer. Likewise, we can make a contract (also called blanket PO), for standard items and can restrict it to value for Quantit

    Following are the types of stocks:
    • Consignment stock
    • Vendor-components provided to the vendor
    • Project stock
    • Consignment stock
    • Customer Pipeline material
    • Orders on HANA

You must prepare yourself theoretically as well as practice before appearing in any SAP interview. For this, the best source is to read interview questions and answers. This helps you to clarify your doubts and answer your queries.

FAQ Question & answers:

    Certificate Programs in SAP FICO Offered by different colleges, individual training centers, and instructive websites. Top certificate courses center around sub points like SAP FI , SAP CO,General Ledger, Reports and so on Online certificates can be sought after at any level of your career.

    SAP FICO candidates have a lot to learn and a lot of tasks to do. This page explains SAP FICO and its various sub-modules. SAP FICO is made up of two modules: SAP Finance (FI) and SAP Controlling (CO), both of which are used to complete specific financial cycles.

    SAP FICO stands Financial Accounting and Costing is the most generously compensated compensation with the awesome development rate. Yet, it isn't that simple to find a new line of work in SAP FICO as the opposition is high. The work of SAP FICO specialists represents quite possibly the most worthwhile profession ways in the market today.

    SAP FICO is the Finance and Cost controlling module in SAP ERP where FI represents Financial Accounting and CO represents Controlling. It is one of the vital and broadly actualized modules in SAP.

    • Companies search for students having more than one aptitude, particularly the ones which are adaptable, and not someone bound to general abilities.
    • It's important to have a deep understanding of SAP FICO courses alongside its essential ranges of abilities to get yourself an employment in this field.
    • A portion of these aptitudes have been referenced underneath. These abilities are sought after by the businesses.

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SAP FICO Syllabus

Course Features
  • Free Demo session
  • SAP EWMS server access with 24x7 accessibility.
  • Study material
  • Video recording
  • Interview Preparation
  • Batches:1900
  • Trainers:50
  • Servers:37
  • Learners:3460