FICO

SAP FICO stands for SAP Finance and Controlling and is one of the most important SAP modules that covers two major aspects viz. SAP FI & SAP CO. SAP financial accounting (SAP FI) is used to analyze the financial market condition of any organization while SAP Controlling (SAP CO) is helpful in monitoring, coordination, and optimization of all the processes which is necessary for the organization's growth.

SAP FICO is a core functional component in SAP ERP Central Component that allows an organization to manage all its financial data. SAP FICO is based on pure accounting principles that facilitate core accounting and reporting capabilities and ensures most up-to-date balances as well as reporting accuracy through complete integration between General Ledger (GL). 

Accounts Receivable (AR), Accounts Payable (AP), and Asset Accounts (AA). FICO provides flexible configuration as per country specific standards of Reporting, Tax, and Depreciation. SAP FICO module includes SAP FICO configuration, SAP CO configuration, SAP FI user and SAP CO user.

SAP FI is used for external reporting purpose, for example, making Balance Sheet, Profit, and Loss statement. The objective is to record all financial transactions that are posted by an entity and produce financial statements which are accurate at the end of the trading period.

 It  is used to store the financial data of an organization and also helps to analyse the financial conditions of a company in the market. SAP FI is made up of sub-modules such as General Ledger, Accounts Receivables, Accounts Payables, Asset Accounting. SAP FI module integrates with other SAP Modules like SAP SD, SAP PP, SAP MM, SAP SCM, etc. In summary, SAP FI monitors the company financials.

SAP CO delivers cost accounting and is used for internal reporting purpose. SAP CO includes managing and configuring master data that covers cost center accounting, profit center accounting, internal orders, real order, product costing, profitability analysis.  

It helps organizations in planning, reporting and monitoring business operations. SAP CO supports coordination, monitoring, and optimization of all the process in the organization.

Functionally, both FI and CO modules store the financial related transactions/information. FI and CO modules are firmly integrated with other ERP modules such as Sales and Distribution (SD), Material Management, Human Resources Management, and so on.

SAP FICO Training is in high demand in the market because SAP FICO is the most critical component of SAP ERP suite and covers all necessary components of Finance, Accounting and Controlling part of any organization which is necessary for growth.

Uplatz, the biggest IT training provider in Europe, provides this end-to-end SAP FICO training course to help you understand the core concepts of SAP FICO module. This instructor-led online SAP FICO course covers all aspects of SAP FI and CO and guides you step-by-step on various configurations and implementation steps of the SAP FICO module.

Uplatz is one of the most renowned online training providers across the globe offering SAP FICO training to be provided by highly experienced SAP Certified trainers.

Uplatz's SAP FICO Training program will help to learn and understand the entire SAP FICO Course theoretically and practically so that every student can easily qualify the SAP FICO certification Exams and gain deep knowledge of SAP FICO module to increase the chances of getting a high-paying job.

Taking up a SAP FICO certification is the first step towards beginning a career as a SAP FICO consultant. The different parts of the SAP FI and SAP CO modules are essential to build the skill sets of a SAP FICO consultant or professional. After completion of this SAP FICO course, the students can perfectly configure SAP FI & CO modules in organizations of any size.

This comprehensive SAP FICO training with focus on imparting necessary skills to help you become a successful FICO consultant or power user. This training and certification program will also help you switch to a high-paying job. 

SAP FICO transactions and exercises are intended for both the beginners and the experts, with the goal that they can learn to execute and configure the SAP FI/CO ERP modules. 

Our hands-on instructor-led SAP FICO Training will prepare you for the SAP job market and as well as equip you with all the necessary training/assistance that is needed or required for you to pass the SAP FI/CO certification examination.

As part of this training, you will also learn SAP Fiori to work with real-time analytics, prediction, and simulation for all financial and operational data through hands-on projects. Master SAP FICO through this SAP FICO course.

Course Objectives:

• By the end of this SAP FICO Certification training, you will be able to learn and apply:
• ·       Concepts and fundamentals of SAP Finance and Controlling modules
• ·       Configuration and Implementation for SAP FICO module
• ·       Requirements gathering for the Business Record to Report process cycle
• ·       SAP Business analysis to improve financial activities
• ·       General Ledger, Accounts Payable, Bank Accounting and Funds Management and its application in finance analysis
• ·       SAP FICO business processes and how FICO Module works in R/3 and S/4HANA
• ·       Integrate SAP FICO with other SAP modules
• ·       End to End Implementation Process
• ·       Prepare for SAP FICO certification and job interviews
• ·       Be able to work as both SAP End-User and Consultant