What is SAP FICO?
SAP FICO certification cost in India. SAP FICO is a module used for financial reporting both externally and internally. The objective is to record all financial transactions that are posted by an entity and produce financial statements that are accurate at the end of the trading period. Full form or SAP FICO stands for FI (Financial Accounting) and CO (Controlling). This tutorial is going to explain the major functionalities of the SAP FI module.
eLearning Solutions is the best SAP FICO training institute in Pune. SAP FICO certification cost in India. SAP FICO is the Finance and Cost controlling module is one of the most important and widely used SAP ERP modules among organizations. As it is very robust and encounter almost all the business processes. In SAP FICO, FI stands for Financial Accounting and CO stands for Controlling.
SAP FICO course in Pune is intended for amateurs as well as halfway students or experts. The schedule of the course is sagaciously created by the SAP FICO specialists to meet the modern prerequisites. eLearning arrangements are exceptional with lab and study material. The preparation is given on the continuous information with the goal that the understudy would get a careful situation of how to execute and achieved errands. Mentors at the preparation have over 5 years of modern experience. In this way, they give work situated preparing. Subsequently, the understudies from this establishment can show information and certainty during the screenings.
SAP FICO Internet preparing and confirmation will show you how to utilize modules, for example, authoritative design, monetary bookkeeping, general record, charge and GST arrangement, treasure the board, resource bookkeeping, etc. Pre expects of SAP FICO is you should have fundamentals information about bookkeeping and SAP ERP.
Detail Syllabus for SAP FICO Module Training
Introduction to SAP
- History of the SAP
- Different SAP FICO modules
- Introduction to SAP FICO
Enterprises structure
- Creation of the company
- Company code
- Business Area
- Functional area
- Segment area
- Fm area
- Assignments
Financial accounting global settings
- Fiscal year variant
- Posting period
- Document type
- Posting keys
- Field status variant
New general ledger concept
- Maintenance of Leading & Non-leading ledger
- Activation of Non-leading ledger
- Scenario’s & customer fields for non-leading ledgers
- Ledger group
- Document splitting concept
General ledger accounting and global settings
- Chart of accounts
- Accounting groups
- Assignment
General ledger
- Creation and maintenance of account master
- Transaction entry
- Document parking and holding
- Recurring entry/sample document
Creation and maintenance of house bank
- Maintenance of house bank
- Maintenance of cheque. lots
- Cash journal
Account receivable/account payable
- Creation of customer/vendor master record
- Invoice entry
- Incoming/outgoing payments
- Automatic payment programmer
- Special GL ledger
- Dunning
- Payment terms
Asset accounting
- Chart of depreciation
- Asset classes
- Account determination
- Creation of asset
- Acquisition of asset
- Retirement of asset
- Depreciation run
- Scrape of asset
- Transfer of asset
CONTROLLING
- Maintain controlling area
- Maintain versions
- Maintain co-document no ranges
Cost element/cost centre accounting
- Maintenance of cost elements (automatically, manually)
- Maintenance of cost centre master
- Maintenance of activity types
- Planning for cost centre
Internal order
- Maintenance of internal order types
- Maintenance of internal orders
- Planning of internal order
- Settlement of internal order
- Budgeting of internal order
Product cost controlling
- Cost estimation
- Price updating
- Costing sheet maintenance
- Costing variant maintenance
- Work in progress calculation
- Variance calculation
- Order settlement
Profitability analysis
- Maintenance of operating concern
- Assign operating concern to controlling area
- Assign quantity fields and assign value fields
- Direct posting for FI-MM
- Report painter configuration
- Execution of reports
Profit centre accounting
- Controlling area settings
- Maintenance profit centre (Dummy/Original)
- Assignment of sales revenue account to profit centre
- Maintain number ranges for-profit centre local document.
- Execution of a profit centre report
Financial statement versions
Where Do We Use SAP FI?
SAP FI module enables you to manage financial accounting data within an international framework of multiple companies, currencies, and languages.SAP FICO certification cost in India. SAP FI module mainly deals with the following financial components −
- Fixed asset
- Accrual
- Cash journal
- Accounts receivable and payable
- Inventory
- Tax accounting
- General ledger
- Fast close functions
- Financial statements
- Parallel valuations
- Master data governance
SAP FICO Certification Fee and Course Duration in India
The SAP FI/CO course begins with a business analysis by defining the business environment, procedures and planning methodologies. Then financial accounting, asset accounting is understood and the latter comes is cost object controlling. SAP FICO certification cost in India.
Certification fee
The certification course duration varies from institute to institutes from 2months to 6 months with a fee of Rs 25,000/- and above.
SAP FICO Certification Cost and Duration:
| Course Name | Duration (Days) | Cost (Rs.) |
| TFIN50 Financial Accounting (FI) 1 | 10 | 110000 |
| TFIN52: Financial Accounting (FI) 2 | 10 | 110000 |
| TFIN20: Management Accounting (CO) 1 | 10 | 60000 to 70000 |
| TFIN22: Management Accounting (CO) 2 | 10 | 60000 to 70000 |
| SAP FICO Certification Fee | 2 to 6 months (Varies for various Institutes) | 25,000 and Above Approximately |
- A configuration of financial statement versions
- Execution of reports
- Year-end closing activities
- Period-end closing activities
Why SAP FICO Training
SAP is the market leader in enterprise business software solutions. SAP FICO certification cost in India.SAP also provides a unique comprehensive training program focused on the specific needs of the consultants and organizations.
Common FAQs about SAP FICO certification cost in India
How long is SAP FICO certification?
Pick SAP, take up the virtual advising, learn SAP, get guaranteed in 6-10 weeks in light of your learning abilities and the course you have picked.
Is SAP FICO still in demand?
In light of their insight into SAP innovation and monetary administration, SAP FICO experts are extremely popular hands on market.
Does SAP FICO require coding?
SAP FICO requires no coding. SAP FICO is answerable for framework organization. Q-What are the authoritative components interesting to Drain FI? Ans-The Organization Code, the Business Region, the Outline of Records, and the Utilitarian Region include the hierarchical components of SAP FI.
What is the minimum qualification for SAP FICO?
Scholastic capability expected to turn into a SAP specialist is Any Under Graduate Course like Bcom , B.E. , Bsc and so on. With any Specialization or Any Post Graduate Course like MTech , MBA ,and so on with any Specialization. A decent information or execution experience in a full life pattern of SAP R3 would be exceptionally ideal.
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