The SAP FICO module covers almost all finance and accounts related business process. The professionals who wish to understand this module and build a career here can go for SAP FICO online training and learn the skills to manage the entire financial accounting of your organization.
2. Objectives
3. Introduction of SAP
4. SAP FICO
5. Features of SAP - FI CO
6. Career Responsibility
7. Career Growth
8. Job Opportunities
9. About Multisoft
10. Our Partners
11. Thank You
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3. Introduction
Systems Analysis and Program Development (SAP) was originated in June,
1972 and since then, many SAP ERP operations modules has emerged that
are designed converging on various dissimilar processes including SAP ERP
sales and service, sales and distribution, customer relationship, financial
management, business intelligence and more. Let’s get an outline of few of
the SAP development modules in this post.
SAP Financial Accounting (FI)
SAP Controlling (CO)
SAP Sales and Distribution (SD)
SAP Production Planning (PP)
SAP Materials Management (MM)
SAP Quality Management (QM)
SAP Human Capital Management (HCM)
SAP Financial Accounting (FI)
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4. SAP FICO
SAP Financial
SAP FI module as the stretch recommends deals in managing financial transactions within
enterprises. This financial accounting module supports employees to manage data
complicated in any financial and business transactions in a combined system. This module
functions very well for reporting requirements. The SAP FI module is very flexible and
functions well in any type of economic situation. Be it a smaller organization or a larger
organization, SAP implementation helps in consolidating data for diverse business
transactions and legal requirements. Financial Accounting module helps one to get real-
time financial situation of an enterprise in the market. SAP FI incorporates with other SAP
modules such as SAP SD, SAP MM, SAP PP, Payroll and more for better work results.
SAP Controlling (CO)
SAP CO module is another imperative SAP modules offered to enterprises. The controlling
module supports in the process works of planning, reporting and monitoring procedures
of businesses. It includes methods to view and organize costs that are mandatory for
financial reporting. Controlling module empowers one to plan, track, perform and report
about expenses. Controlling includes managing and configuring master data that covers
cost elements, cost centers, profit centers, internal orders, and functional area and so on.
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5. Features of SAP - FI CO
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The most vital components of the
FI module are:
General Ledgers
Asset Accounting
Account Consolidation
Accounts Receivable
Accounts Payable
Controlling area is the organization unit used
to represent the following activities:
Cost Element Accounting
Cost Center Accounting
Profit Center Accounting
Internal Orders
Product Cost Controlling
Profitability Analysis
6. Career Responsibility
As you begin your career, it is generally worthwhile for you to remain in a FICO end user situation to gain
experience and understanding of the developments from a user's perspective. After you gain more
experience, you will be able to move up to a junior consultant or analyst position.
The following are responsibilities your work as an FICO end user might include:
Preparation of financial statements
Profit and loss (P&L) analysis
Balance sheet accounts reviews and reconciliations
General Ledger (GL) and Cost Center (CC) master data management
Purchase price valuation (PPV) analysis
Supply Chain Management (SCM) reporting
Month-end closing processes
Quarterly reporting
Audits
Support of Liaison
Participation in annual budget preparation
Understanding FICO modules to the extent that you are able to suggest process improvements
Preparation of Federal/state Income tax return statements
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7. Career Growth
SAP FICO online training of Multisoft Systems makes you an
expert in Finance and Controlling, which is a complete
financial management resolution that helps to participate the
accounting side of a business.
Avg. Salary SAP FICO Architect : $120,000 PA.
SAP FICO has a market share of about 3.3%
Used by top industries across various business Verticals. Ex:
Accenture, Reliance Industries, Tata Technologies Inc. etc.
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8. Job Opportunities
Here is a List of Some Positions Where One Can Join After SAP
FICO Training
Senior SAP FI/CO Consultant
SAP FI (Audit Management) Consultant
SAP FICO Revenue Accounting and Reporting Consultant
SAP FI/CO Analyst
SAP FI Functional Lead
SAP Team Lead FI/CO
SAP FI/CO Director
SAP - FI/CO Business Analyst
Sr. Business Analyst - SAP FI/CO
SAP Specialist - FI & CO Modules and much more.
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9. About Multisoft
• Multisoft Virtual Academy is an online training and certification
organization that delivers core industry knowledge through its
intense and robust training program, globally.
• Multisoft Virtual Academy is an online subsidiary of Multisoft
Systems that deals into a broad spectrum of learning solutions
including Classroom, Corporate and E-learning.
• We keep on anticipating what the industry actually wants from their
employees and in order to fulfill these expectations, present highly
interactive e-learning solutions that go above and beyond them.
• With an inception as a small online training firm driven by a group
of IT and Management professionals, MVA has now turned out to
be a globally acclaimed e-learning platform, imparting 450+
courses.
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