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Curriculam Designed By Experts
Expertly designed curriculum for future-ready professionals.
Industry Oriented Curriculam
An exhaustive curriculum designed by our industry experts which will help you to get placed in your dream IT company
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30+ Case Studies & Projects
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9+ Engaging Projects
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10+ Years Of Experience
SAP FICO Training Projects
Become a SAP FICO Expert With Practical and Engaging Projects.
- Practice essential Tools
- Designed by Industry experts
- Get Real-world Experience
Basic Financial Transactions Configuration
Set up and configure basic financial transactions in SAP FICO, including defining charts of accounts, posting keys, and document types. Configure general ledger accounts, set up document posting procedures.
Initial Configuration of Cost Centers
Set up cost centers in SAP Controlling (CO) to track and manage internal costs. Create a cost center hierarchy, assign cost centers to controlling areas, and configure basic cost center settings.
Vendor and Customer Master Data Creation
Create and maintain vendor and customer master records in the SAP system. Input essential details, configure payment terms, and establish relationships with company codes.
Integration of FI and CO Modules
Set up integration points between Financial Accounting (FI) and Controlling (CO) modules to ensure seamless data flow. Configure internal orders, set up automatic account assignments.
Bank Reconciliation Process Implementation
Implement and configure the bank reconciliation process in SAP to streamline cash management. Set up bank accounts, configure electronic bank statement processing.
Month-End Closing Activities
Perform and configure month-end closing processes, including financial reporting and cost allocation. Set up closing activities, configure fiscal period settings, and generate financial reports (e.g., balance sheets, P&L statements).
Implementing Profitability Analysis (CO-PA)
Set up and configured profitability analysis to analyze profitability by various dimensions like product, region, or customer. Define profitability segments, configure operating concern settings.
Tax Configuration and Integration
Configure tax settings to handle and integrate various tax scenarios with financial transactions. Set up tax codes, configure tax reporting requirements, and integrate with VAT/GST processes.
Asset Accounting (FI-AA) Integration
Implement and configure Asset Accounting to manage and track fixed assets. Set up asset master data, configure depreciation areas, and integrate with the general ledger.
Key Features
Practical Training
Global Certifications
Flexible Timing
Trainer Support
Study Material
Placement Support
Mock Interviews
Resume Building
Batch Schedule
Weekdays Regular (Class 1Hr - 1:30Hrs) / Per Session
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20-Jan-2025 Starts Coming Monday ( Monday - Friday) 08:00 AM (IST)
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22-Jan-2025 Starts Coming Wednesday ( Monday - Friday) 10:00 AM (IST)
Weekend Regular (Class 3Hrs) / Per Session
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18-Jan-2025 Starts Coming Saturday ( Saturday - Sunday) 10:00 AM (IST)
Weekend Fast-track (Class 6Hrs - 7Hrs) / Per Session
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19-Jan-2025 Starts Coming Saturday ( Saturday - Sunday) 10:00 AM (IST)
Enquiry Form
- Learning strategies that are appropriate and tailored to your company's requirements.
- Live projects guided by instructors are a characteristic of the virtual learning environment.
- The curriculum includes of full-day lectures, practical exercises, and case studies.
SAP FICO Training Overview
What goals are achieved in a SAP FICO Training?
With multiple new frameworks and improvements as of late 2024, SAP FICO (Financial Accounting and Controlling) is still developing. One of the most important is the integration of SAP S/4HANA, which offers cutting-edge features like predictive analytics, real-time financial processing, and an optimized user experience via SAP Fiori. SAP Financial Closure Cockpit offers more advanced solutions to manage and automate financial closure procedures. The SAP Analytics Cloud's enhanced integration further supports advanced financial planning and analysis. These developments improve economic management's accuracy, efficiency, and strategic insights.
Future works for SAP FICO
- Integration with Advanced Technologies: Leveraging SAP S/4HANA's in-memory computing capabilities for real-time financial analysis and reporting, allowing businesses to make data-driven decisions faster.
- Cloud Transition: Utilizing SAP Fiori's modern, intuitive interfaces for a more user-friendly experience across financial processes, improving productivity and user satisfaction.
- Enhanced Analytics and Reporting: Implementing robotic process automation (RPA) and machine learning algorithms to automate repetitive tasks like invoice processing and anomaly detection, enhancing accuracy and efficiency.
- Increased Focus on Regulatory Compliance: Using SAP Analytics Cloud to unify financial planning, budgeting, forecasting, and analysis, providing a comprehensive view of economic performance.
What new SAP FICO frameworks are there?
As of late 2024, SAP FICO (Financial Accounting and Controlling) continues to evolve with several new frameworks and enhancements. Key among them is the integration of SAP S/4HANA, which brings advanced capabilities such as real-time financial processing, predictive analytics, and a streamlined user experience through SAP Fiori. The SAP Financial Closing Cockpit provides more sophisticated tools for managing and automating financial closing processes. Enhanced integration with SAP Analytics Cloud further supports advanced financial planning and analysis. These innovations improve economic management efficiency, accuracy, and strategic insights.
Trends and Techniques used in SAP FICO
- Real-Time Analytics and Reporting: Leveraging SAP S/4HANA's in-memory computing capabilities for real-time financial analysis and reporting, allowing businesses to make data-driven decisions faster.
- SAP Fiori User Experience: Utilizing SAP Fiori’s modern, intuitive interfaces for a more user-friendly experience across financial processes, improving productivity and user satisfaction.
- Automation and Machine Learning: Implementing robotic process automation (RPA) and machine learning algorithms to automate repetitive tasks like invoice processing and anomaly detection, enhancing accuracy and efficiency.
- Integrated Financial Planning and Analysis (FP&A): Using SAP Analytics Cloud to unify financial planning, budgeting, forecasting, and analysis, providing a comprehensive view of financial performance.
SAP FICO Uses
Financial Accounting and Controlling, or SAP FICO, is a popular tool for managing and integrating financial operations inside businesses. It ensures accurate and timely financial reporting by supporting financial accounting processes such as accounts payable and receivable and general ledger administration. Effective monitoring and control of an organization's internal financial operations is made possible by controlling, which supports financial planning, budgeting, and cost tracking. Integrating SAP FICO with other SAP modules improves end-to-end visibility throughout business operations, enabling simplified financial management and well-informed decision-making.
Career Opportunities After SAP FICO Training
SAP FICO Consultant
SAP Financial Accounting and Controlling modules must be implemented and configured by an SAP FICO Consultant to satisfy the client's business requirements. In this position, you will analyze financial processes, propose solutions.
SAP FICO Analyst
To ensure accurate financial reporting and compliance, an SAP FICO analyst manages and optimizes the SAP FICO system. They also do routine checks and support financial users with system-related inquiries, and they deal with daily system problems.
SAP FICO Project Manager
An SAP FICO Project Manager oversees SAP FICO implementation and upgrades projects from initiation through completion. They are responsible for project planning, resource management, and ensuring the project is delivered on time.
SAP FICO Trainer
Training courses centred on the SAP Financial Accounting (FI) and Management Accounting (CO) modules must be created, delivered, and managed by an SAP FICO Trainer. To ensure students gain real-world experience setting up, maintaining.
SAP FICO Business Analyst
I serve as a liaison between business users and the SAP FICO technical team and am a business analyst for SAP FICO. They gather and record the organization's needs, examine financial information, and create solutions to improve financial operations.
SAP FICO Solution Architect
A SAP FICO Solution Architect supervises the design and implementation of all-inclusive SAP FICO solutions. With an emphasis on assuring scalability and interaction with other corporate systems, they aim to match the SAP FICO system.
Skill to Master
Financial Accounting (FI) Configuration
Management Accounting (CO) Configuration
Financial Reporting
Cost Controlling
Integration Knowledge
Data Management
Tax Configuration and Reporting
Asset Accounting
Budgeting and Forecasting
System Customization
Problem-Solving and Troubleshooting
Regulatory Compliance
Tools to Master
SAP Financial Accounting (FI) Module
SAP Management Accounting (CO) Module
SAP S/4HANA Finance
SAP Fiori
SAP BPC (Business Planning and Consolidation)
SAP Report Painter/Writer
SAP Ariba
SAP Concur
SAP Bank Communication Management
SAP Asset Accounting (AA)
SAP Integrated Business Planning (IBP)
SAP Financial Closing Cockpit
Learn from certified professionals who are currently working.
Training by
Arun , having 15 yrs of experience
Specialized in: SAP Financial Closing Cockpit, SAP Profitability Analysis, SAP Cash Management, and Integration with SAP FI/CO.
Note: Arun has a strong background in managing large-scale SAP FICO projects and integrating financial systems with other SAP modules. He is skilled in streamlining financial closing processes and enhancing reporting accuracy.
We are proud to have participated in more than 40,000 career transfers globally.
SAP FICO Certification
While real-world experience is not strictly required for SAP FICO certification, it is highly beneficial. The certification exams focus on testing theoretical knowledge and practical application of SAP FICO concepts. However, hands-on experience with SAP FICO in a real-world setting can significantly enhance understanding and preparation for the exam, making it easier to grasp complex scenarios and apply concepts effectively.
Obtaining a SAP FICO certification does not guarantee employment; it significantly enhances job prospects. The certification validates your expertise in SAP FICO, making you a more attractive candidate to employers. It can open doors to opportunities and increase your chances of landing a job, especially if combined with relevant experience and skills.
With SAP’s remote proctored exam option, you can take the test from home instead of going to a testing facility. Although flexible, this approach necessitates a reliable internet connection, an appropriate testing environment, and compliance with SAP’s unique technical and security requirements.
Practical experience is not a strict prerequisite for SAP FICO certification but is highly beneficial. While you can pass the certification exam with thorough study and preparation, hands-on experience with SAP FICO helps deepen your understanding of real-world applications and scenarios, making it easier to grasp complex concepts and excel.
If the ACTE SAP FICO Certification fits your professional objectives and offers value through thorough instruction and valuable skills, it can be well worth the price. The hands-on approach and industry-relevant training ACTE offers can help you better comprehend SAP FICO.
Frequently Asked Questions
- Several businesses, such as ACTE Course Institute, provide demo sessions before you decide to enrol in a course. During these demo sessions, explore the course content, teaching style, and general learning environment. After participating in a demo session, you can determine if the training satisfies your requirements and expectations. Enrollment is a great way to ensure the course fulfils your learning objectives.
- ACTE Course Institute employs a broad spectrum of experienced instructors with specialized knowledge in multiple sectors. Because their professors have much industrial experience and professional certifications, they frequently bring practical knowledge and valuable skills to their training. This group of professionals, who have backgrounds in data analysis, cloud computing, SAP FICO, and other areas, ensures that students receive up-to-date, industry-relevant education that meets all requirements.
- ACTE Course Institute's job placement service helps ease the transition from training to employment. Their service typically includes access to a network of connections in the business and job opportunities, resume creation, interview coaching, and job search tactics. This assistance aims to make you more employable and increase your chances of landing a job that uses your recently acquired skills.
- Professional Certifications
- Academic Certificates
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- Students are required to work on actual projects with their hands, especially in business, technology, and design courses. This strategy allows students to put their academic knowledge into real-world scenarios, which enhances their practical skills and provides them with valuable work experience. Working on actual projects, interacting with clients often, and solving real-world industrial problems can all dramatically improve the learning process.