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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, and create sample transactions.
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, and validate postings between FI and CO.
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, and reconcile bank statements with general ledger accounts.
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, and set up report structures for analysis.
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 for asset postings.
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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16-Sep-2024 Starts Coming Monday ( Monday - Friday) 08:00 AM (IST)
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11-Sep-2024 Starts Coming Wednesday ( Monday - Friday) 10:00 AM (IST)
Weekend Regular (Class 3Hrs) / Per Session
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14-Sep-2024 Starts Coming Saturday ( Saturday - Sunday) 10:00 AM (IST)
Weekend Fast-track (Class 6Hrs - 7Hrs) / Per Session
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14-Sep-2024 Starts Coming Saturday ( Saturday - Sunday) 10:00 AM (IST)
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- 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 Course?
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, and advise on best practices. Consultants collaborate closely with stakeholders to facilitate the end-to-end financial management cycle.
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. Additionally, analysts support the SAP FICO environment by helping to test and integrate updates and new features.
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 and within budget. This role involves coordinating between different teams, managing stakeholder expectations, and mitigating project risks.
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, and utilizing SAP FICO, they create instructional materials, hold webinars and workshops, and offer practical exercises.
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. They are responsible for ensuring that SAP FICO functionalities complement company objectives and spot areas where processes may be improved.
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 with the broader IT and business strategy. Being able to transform complicated business requirements into efficient SAP FICO solutions.
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.