SAP FICO enables enterprises to keep track of every financial transaction and aids in finance reporting at the end of fiscal year. It has been established by research that SAP customers help 800 million consumers live safer and healthier lives. SAP’s customers manufacture more than 77,000 automobiles per day as found by leading statistical organizations. Another impressive statistic is that SAP’s customers produce 65% of the world’s televisions.. Also well known as an empirical fact is that SAP customers produce more than 52% of the world’s movies.
After the completion of SAP FICO course, you will be able to:
This certification is highly suitable for a broad range of professionals either aspiring to, or already are in the IT and Finance domain, such as:
Our training and certification program gives you a solid understanding of the key topics covered by Foundation and Advanced Level Certification exams. This is aimed at students who have recently completed, and experienced professionals to enhance their practical knowledge in SAP FICO modules. In addition to boosting your income potential, getting certified, demonstrates your knowledge and the skills, understanding of the fundamentals of SAP FICO along with processes, tools, techniques, and management methodology. The certification validates your ability to produce reliable, high-quality results with increased efficiency and consistency.
Implementing Company’s software in co ordination with SAP FICO:
In this Case study FICO had been using a simple in-house license manager to protect new installations of the FICO score, but as new implementations quickly spread around the world, they decided they needed a more sophisticated system for managing the licenses they sold worldwide. A major challenge with the product installations was that the typical end-customer has no direct Internet connectivity from the systems where the application is running, and IT resources were limited due to a full workload and other high priority projects. Implementing Company’s software into the FICO score software provided a relatively straightforward process requiring a minimal time commitment from IT, a secure licensing procedure and a periodic process for transferring data back to FICO in a quick and easy fashion for analysis.
Our Client is one of the World’s Premier and more than a Century old engineering group. The group turnover is around Rs. 100 Billion. The group is known for largest distribution network and excellence in manufacturing. The group consists of 20 companies including joint ventures.
The Company was incorporated in the year 1920. At present Company is having manufacturing facilities at 3 locations. The company’s operations are divided into seven SBUs. The Company’s distribution network comprises of 16 regional offices and 8 overseas offices. Product range includes industrial and agricultural pumps, hydro-turbines, valves, machine tools, industrial coatings, etc.
This project is a SAP R/3 implementation project. The scope of the project covers the business processes related to Marketing, Sales, Production and Finance Accounting and Management Accounting. So modules Implemented in this project are SD, MM, PP, FI and CO.
SAP recommends ASAP Methodology for implementations, In this case study, we will use ASAP methodology. As a consultant, you should get exposed to all Five phases of implementation and should be able to gain good knowledge on each phase. We will walk through with each phase in detail.
Tasks in FICO Module:
You need to study and understand the different business process in Legacy & creation to a creation system and map them to SAP system. Configuration and Customization task include in Definition creation and assignment of Various Organization Units, variants, creation of different master records, should be able to post business transactions and generate various reports and do closing activities. You are expected to prepare a blueprint and also configuration documents. Further, you need to get involved in Data Migration Project where you should be uploading thousands of various master records like customer master, vendor masters, Asset Masters, GL masters, Material Masters… so on, also you need to build configuration blocks in sub modules like General Ledger, Bank Accounting, Accounts Receivable, Accounts Payable, Asset Accounting, Cost Element Accounting, Cost Center Accounting, Profit Center Accounting, Internal orders, Product Costing, Profitability Analysis.
Final you need to submit your work as a presentation at the end of training.
Certification in SAP FICO has enormous value in your career where it showcases your proficiency and expertise to the industry. To recognize the talents of financial professional both vendor and vendor-neutral certifications are available in the market which is designed with various aspects. If about to start your career in the field of SAP FICO as a SAP Consultant, then all you need is a correct certificate.To ensure the adequate expertise for SAP FICO professional, It’s better to have a combination of right education or training course with hands-on practical experience.
Through SAP certifications are globally recognized, basically it demonstrates that you have honed your skills through rigorous study and direct experience in your area of expertise. SAP offers two certifications for SAP FICO professionals, such as:
The following are the organizational elements in SAP FI namely:
Internal order is used to track the cost, and they are proposed to be incurred on a short term basis: The asset class is the main class to classify assets. Each and every asset must be assigned to only one asset class. For example, asset class also contains a G1 account, when any asset is procured, the G1 account will be procured.
|Duration||40 Hrs (5 Weeks)|
|Time (CDT)||07:30 PM - 09:30 PM|
|Mode of Training||INSTRUCTOR-LED LIVE|