Course Detail

We offer SAP FICO Training in Pune as a classroom training program at multiple locations across Pune – Deccan and Pimple Saudagar. Our SAP Training Institute in Pune offers this flexible course with a 100% Job assurance. Our trainers are the best in industry and highly experienced, SAP-certified professionals. Our Trainers, being working professionals, can impart practical knowledge in a better approach. We conduct SAP Training Batches on weekdays and weekends, considering the audience can be fresh graduates and working professionals as well.

SAP FICO is the financial and cost control module of SAP ERP, where FI stands for financial accounting and CO for control. The SAP FICO module is very robust and covers almost all business processes in various sectors. It is one of the very important and widely used modules in SAP.

What is SAP FICO?

SAP FICO is a form of internal and external financial reporting. The goal is to record all financial transactions initiated by a company and to create precise financial statements at the end of the trading period. The complete form or SAP FICO indicates FI (financial accounting) and CO (management control). The commonly used submodules are Accounts Receivable, Accounts Payable, Asset Accounting, General Ledger, and Bank Accounting. All submodules are interconnected and integrated in real-time. It is possible to extract a test scale at the same time, and it is always balanced since all the submodules are connected.

SAP FI Sub-Modules:

All SAP FI submodules are integrated, and transactions are updated in real-time so that the exact balance can be called up by the system at any time.

• General ledger accounting
• Accounts receivables
• Accounts payables
• Asset accounting
• Bank accounting

As the name suggests, SAP Financial Accounting improves corporate financial management. Finances are the most important part of the company and aim for perfect financial management. It becomes stressful and complex to manage all parts of financial accounting through work. As a result, the SAP FI module has become a popular module that has been successfully implemented in organizations.SAP’s financial accounting module includes a package that allows companies to meet financial requirements and accounting activities.

SAP CO Sub-Modules:

The SAP control includes the configuration of SAP CO and the user of SAP CO, as well as personal data, configuration, and reporting. The master data mentioned here can be cost types, cost centers, profit centers, internal orders, functional areas, statistical key figures, and types of activities. Cost elements include all cost and revenue accounts, cost centers and profit centers include all departmental units that manage a company’s costs and profits; internal orders include all important By implementing SAP CO, it is possible to view the cost data of the internal management. This module offers a better overview of financial reports; you can manage your records and make various organizational decisions. In addition, this module allows companies to manage reports and information databases according to their business needs.

• Cost Element Accounting
• Cost Center Accounting
• Profit Center Accounting
• Internal Orders
• Product Cost Controlling
• Profitability Analysis

Prerequisites

• This is a basic tutorial, and you can easily understand the concepts discussed here if you have a basic understanding of how a company manages finance.
• However, this helps you if you are already familiar with accounting and how you manage financial data.