SAP FICO® is one of the important modules that is offered by SAP. A certification in SAP FICO is considered beneficial for the candidates who aspire to build their future in finance and accounting. An SAP FICO online training provides you the necessary skills and information required to clear the certification exam. Not only is adds value to your resume, the certification in SAP FICO gives your career a new direction. The day-by-day increment in the popularity of this module is attracting job seekers towards its online training.
The FICO online training course teaches the learners to work on the SAP ERP tool, and aid organizations to better manage their financial accounting and controlling transactions. Those who attend this training will also learn how to generate balanced and reconcilable financial statements for the organization as a whole or separate unit. The training module is designed in an easy manner so as to provide you basic to advanced concepts of FICO module. This training can familiarize you with the knowledge and understanding of:
- Functional modules of ERP and SAP
- Gathering, allocating, and analyzing costs in order to calculate the profits earned through various market and customer segments
- Navigation and other features of R/3 System
- Basic settings for the organizational units for finance
- Chart of Accounts, Retained Earnings Account and other General Ledger details
- Currency exchange rate differences
- Different sorts of accounting documents
- Validations and substitutions for postings
- General Ledger (GL), Accounts Receivables (AR), Accounts Payables (AP), etc. in context to SAP®
- Management of account payables and accounts receivables
- Asset accounting, closing of operations as well as cash journal
- Integration of FICO module with other ERP modules including, FI-SD, FI-MM, FI-HR
However, awareness about SAP FICO has become an important subject to discuss in the interview, whenever a company hires a financial and accounts consultant. An online SAP FICO training provides you a complete overview of this module and thereby aids you in clearing your interviews. In short, it can be said that not only this training helps you in earning FICO accreditation, but also assists you in getting placed in the companies of your dream. This training is of high importance for financial consultants, finance managers, accountants and the professionals from finance background who understand and work on finance accounting. However, to enroll in this training, the candidates need to have a basic knowledge of accounting / finance / commerce.