Starting a Career as a SAP FICO Consultant

SAP FICO Training Bangalore

SAP is one in all the most important suppliers of enterprise package application towards higher enterprise resource designing. SAP stands for Systems, Applications, and product in processing. Back in 1972, SAP was based launching business solutions that facilitate organizing processes in enterprises. Over the years, completely different modules in SAP were developed for various processes. SAP Finance and dominant (FICO) is one in all the foremost wide used SAP modules. SAP FICO training bangalore module includes SAP FI configuration, SAP CO configuration, SAP FI user and SAP CO user. Anyone wanting forward to start their career as associate SAP FICO advisor must build a powerful base covering of these aspects of SAP FI module and SAP CO module. Let’s have an summary of SAP FI and SAP CO module.
SAP FI Module and its Application
SAP money Accounting because the term suggests upgrades finance management in enterprises. Finance is that the most crucial a part of each business and this aims at the right management of finance. It becomes nerve-wracking and complicated to manage the complete money accounting half by man-power. Therefore, SAP FI module has emerged as a well-liked module with success enforced in organizations. SAP money accounting module comes with a package that helps organizations in handling money wants and accounting activities. It permits one to review the money standing of a corporation in real time market. fashionable parts that comprise the FI module are:
Accounts due
Accounts collectible
Asset Accounting
Account Consolidation
General Ledgers
SAP FI implementation involves SAP FI configuration. The business manager will put together SAP FI user when putting in place few primary configurations. These configurations square measure typically done by the business manager orienting  with shopper, company, business space configurations and additional. Thereafter, right from master information to money statements may be migrated to the SAP FI system for driving the simplest out of organized money management system. the necessities for SAP FI configuration square measure chart of accounts, twelvemonth variants and currencies. Once the configuration is completed, the document posting can mechanically be announce thenceforth. Enterprises are going to be able to read its time period money standing. this allows enterprises to stay a track of each money dealing and helps in finance reportage at the tip of twelvemonth.
SAP dominant Module and its Application
SAP CO is another vital module in SAP. SAP dominant includes SAP CO configuration and SAP CO user and consists of master information, configuration and reportage. Master information mentioned here may be price components, price centers, profit centers, internal orders, practical space, applied math key figures and activity sorts. price components embrace all the value and revenue accounts, price centers associated profit centers embrace all the division units that handle price and profit of an enterprise, internal orders embrace all the vital events so on. SAP CO implementation permits one to look at the info of prices concerned inside internal management.(SAP Training Bangalore) This module helps you get an improved read of finance reportage and helps you manage records and take varied choices associated with the organization. conjointly this module allows organizations to manage reportage {and information|and knowledge and information data base as per the necessity for his or her business. a number of the foremost advantageous facts regarding SAP implementation in organizations are:
Track price heads and create future plans consequently
Keep a track of prices for specialised events and assign them to acceptable departments
Avail activity primarily based cost accounting across processes
Manage product cost accounting, production prices and variances
Build reports on sales and profit ensured through a product or an interior measuring
Build reports on sales associated profit ensured through a product or an external measuring
Sub-Components of SAP CO Module:
SAP CO-OM: Overhead Management
SAP CO-OM-CCA: price Center Accounting
SAP-CO-OM-OPA: Internal Order Accounting
SAP-CO-OM-CEL: price component Accounting
SAP-CO-OM-ABC: Activity primarily based cost accounting
SAP-CO-PCA: Profit Center Accounting
SAP-CO-PA: profit Analysis
SAP-CO-PC: Product cost accounting
Professionals got to have a whole summary of SAP FICO so as to become a self-made FICO advisor. money Accounting and dominant is inter-related and helps one to manage {a higher|a far better|a much better|a higher|a stronger|a more robust|an improved} business method towards better finance accounting and information management. SAP implementation is complicated and needs adequate coaching. Thought it's not obligatory to require up SAP FI advisor coaching and SAP CO advisor coaching, it's wide suggested by specialists to attend SAP FICO coaching to boost one’s understanding on identical and build knowledgeable hands on mistreatment SAP FICO module towards higher management of finance accounting and reportage in enterprises.

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