SAP FICO is amongst the most widely used SAP ERP modules which consists of two different modules: FI and CO. FI means Financial Accounting and aids in analyzing the financial condition of the enterprises, whereas, CO stands for Controlling and supports coordination, monitoring, and optimization of all the processes. The SAP FICO online training provides you knowledge about the core concepts of FICO and also helps to build proficiency in gathering, allocating, and analyzing costs in a bid to calculate profits earned through various segments. This training covers all the aspects of SAP FICO and teaches you to deal with its various modules and sub-modules. Candidates who have the basic knowledge about financial concepts can go for this training. Professionals working as SAP® financial consultants, technical consultants, and developers who want to enhance their skills and learn about the SAP® Financial ERP tool are the ideal audience for this training program.
SAP FICO is an important software that helps you conduct all the accounting, financial transactions and reporting activities in a smooth manner. SAP FICO plays an important role in the business by handling and managing financial accounts of the company. It also allows to work efficiently and provides fast processing of data that helps in meeting organizational goals. Organizations belonging to different industries such as the manufacturing sector, banking or finance company, health care, etc. have implemented this software. This has created a flood of jobs for those who have a deep understanding of this software. But to make an efficient use of this software, one needs to have the complete understanding about this software.
With the help of online SAP FICO training, you can easily understand the important concepts and earn a basic knowledge of this software. Although this training is equally beneficial for freshers and experienced professionals, those with a prior experience of finance and accounting will be able to understand this software very easily. With the help of this online training, you will be able to perform the following tasks in your organization:
- Define basic settings for the organizational units for finance
- Work on Chart of Accounts, Retained Earnings Account and other General Ledger details
- Define accounts for currency exchange rate differences
- Prepare different types of accounting documents
- Work on validations and substitutions for postings
- Manage account payables and accounts receivables
- Understand asset accounting, cash journal, and closing of operations