Introduction of SAP FICO

SAP FICO is a significant core module of ERP processes, where real time financial transactions are integrated with several identical SAP modules for best outcomes. SAP FICO is the Finance and Cost controlling module in SAP ERP in which FI stands for Financial Accounting and CO stands for Controlling.

SAP Finance and Controlling Module

SAP FICO training can more be classified within SAP FI and SAP CO. Its training is pretty significant queried for. The reasons are much simple since it protects almost the entirety of the bookkeeping and management features of the business, most firms want either that their present employees shall be prepared it, or the future staff they recruit should be provided with SAP FICO Course. SAP FICO Training in Hyderabad is acknowledged to be the biggest achievement of the SAPVITS.

Overview of SAP FI- Financial Accounting

SAP Finance Module

The SAP FICO Module has the ability to reach all the financial and accounting requirements of an association. It is utilized to store the financial data of an industry. SAP FI supports to examine the financial situations of a business in the market. The FI Module integrates with other SAP Modules like SAP MM (SAP MM Training inPune), SAP PP (Production Planning), SAP SD (SAP SD Training in Hyderabad), SAP PM (SAP PM Training in Hyderabad), and SAP PS (SAP PS Training in Chennai).The FI Module also integrates with HR (SAP HR Training in Mumbai) that combines PM (Personnel Management), Travel Management, Time Management, Payroll.

The FI Module comprises several sub-modules as follows:

•    Accounts receivables

•    Accounts Payable

•    Consolidation

•    Funds Management

•    Asset Accounting

•    Bank Accounting

•    Special Purpose Ledger

•    General Ledger
•   Travel Management

Overview of SAP CO- SAP Controlling

SAP controlling is an organizational unit inside a corporation, used to describe a closed system for cost accounting goals.It promotes coordination, optimization, and monitoring of all the processes in an industry. SAP CO includes recording both the dispersion of production factors and the services given by an industry.The main idea of SAP controlling module is planning.

Sub Components of SAP CO are:

•    Cost Element Accounting

•    Profit Center Accounting

•    Product Cost Controlling

•    Profitability Analysis

•    Cost Center Accounting

•    Internal Orders

 Features and Benefits of SAP FICO

• SAO FI allows some of the essential elements for diverse SAP implementations.
• All accounts-relevant transactions are produced in Logistics (LO) and are posted in real-time to Financial Accounting modules by automatic account determination techniques. All this information is also competent of being passed on to Controlling (CO).
• SAP FI is an efficient tool for secure, precise and time based external reporting in the form of Profit and Loss statements, Balance Sheets and so forth.
• Other SAP modules like SD (Sales and Distribution), MM (Materials Management), PS (Project Systems), PM (Plant Maintenance) and PP (Production Planning) integrate well with SAP FICO and provide it with postings in a regular way. These advantages of SAP FICO Training in Pune are being used by applications in most industries, globally.

SAP FICO Course

The SAP FICO course is specially planned to give extensive awareness in concerns to the proper use and control of several external reports and controlling elements. The SAP FICO Online Training in Bangalore at SAPVITS includes following topics:

1. FINANCE

1. Financial Accounting Basic Settings
2. General Ledger (FI-GL)
3. Accounts Payable
4. Accounts receivable:
5. Asset Accounting
6. Reports

2. CONTROLLING

1.  Basic settings for controlling
2.  Cost element accounting:
3.  Cost Centre Accounting
4.  Internal Orders
5.  Profit Centre Accounting

3. INTEGRATION

1.  Integration of financial accounting with materials management
2.  Integration of financial accounting with sales and distribution

SAP FICO Course at SAPVITS

SAP Finance and Controlling Training (FI/CO) is acknowledged to be the biggest hottest module of the SAP. Its training is pretty significant queried for. The SAP FICO Online Training at SAPVITS for FICO course includes Financial Accounting Basic Settings, Accounts Payable, Accounts receivable, Asset Accounting and Reports. Our services include SAP online training, corporate training, offshore support, and SAP server access and many more. SAPVITS has branches in India (Pune, Mumbai, Hyderabad, Bangalore, Chennai, Gurgaon, Noida, and Delhi), UK (London), and USA (New York), Singapore, Australia, Canada etc. Apart from SAP FICO Training in Pune SAPVITS offers other SAP Training courses like:

• SAP FICO Training in Hyderabad
• SAP TM Training in Chennai
• SAP Hybris Training in Hyderabad
• SAP C4C Training in Hyderabad
• SAP Simple Finance Training in Bangalore
• SAP Simple Logistics Training in Hyderabad
• SAP ABAP Training in Delhi
• SAP SRM Training in Mumbai
• SAP Basis Training in Pune
• SAP Treasury and Risk Management Training in UK

Attend free online demo for any of these courses by registering at- https://goo.gl/HYV5qK

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