You can learn SAP FICO, the Finance and Cost controlling module of SAP ERP, in Telugu. It is a highly specialized training course, and the instructor Chanu SK is a leading expert in the field of computer technology. Having worked for several companies in India, he has extensive experience in the software industry, and he offers a very professional and comprehensive class. Whether you’re a beginner, or a seasoned professional, you’ll find the SAP FICO Complete Training in Telugu to be an exceptional course.
SAP FICO is the Finance and Cost controlling module in SAP ERP
SAP FICO is an ERP module that enables companies to produce accurate and timely financial statements. It also helps them manage and analyze financial data. A business needs good financial reporting for survival. Using SAP FICO to maintain good financial records and analysis will make your business run smoother.
In the SAP ERP system, the Controlling module (CO) is used to monitor and record costs, perform product costing and profitability analysis, and to map processes. The module can be integrated with other modules to provide comprehensive reports for management decisions.
This component of SAP consists of the following sub-modules: Bank Accounting, Asset Accounting, Profit Center Accounting, Cost Management, and Internal Orders. Each of these sub-modules focuses on a different aspect of the management of financial data.
Bank accounting is the process of recording transactions between an organization and its bank. These include bank account transfers, credit memos, and down payments. Account determination tables help to generate the transactional data for financial statements.
Profit Center Accounting is the statistical accounting component in the SAP system. It measures gross profitability and displays key figures. As a result, organizations can now create profit and sales reports.
The module also helps in slicing and dicing the data and generating analytical reports. For example, it can be used to categorize assets according to their value, value range, or type.
Job opportunities after completing an SAP FICO training course
SAP FICO certification is not mandatory, but it can boost your chances of landing a job. A certified individual can expect higher salaries than a non-certified one. But that is not all. In addition to the certification, you need to have some real practical experience in order to qualify.
To be a successful SAP FICO consultant, you must have extensive knowledge of the module, an in-depth understanding of a variety of end-to-end business processes, and an appreciation of the importance of good customer service. You also need to have strong communication and interpersonal skills.
Aside from this, you will need to demonstrate the ability to solve a few practical issues, like how to configure the system and use the RICEFW. If you’re able to do all these things, you will be well on your way to becoming a highly qualified and respected SAP FICO consultant.
The best way to gain this knowledge is to attend a SAP FICO training course. Many reputed institutes offer this type of training. However, you may find it difficult to take a class on your own. Fortunately, you can also learn online.
Udemy is an example of a site that offers these kinds of courses. Some of them cover every SAP module, including finance and accounting. These courses can be taken on any device.
SAP FICO is compatible with other accounting software
SAP FICO is a software package which is popular amongst companies across the world. It provides easy and systematic ways to perform financial transactions. Besides, it provides relevant information which helps in the decision making process.
The system is divided into two main sections – Controlling (CO) and Finance (FI). Using these modules, the company can perform different financial and operational tasks.
Asset Accounting is an asset management sub-module. This module handles the purchase, sale, retirement, and depreciation of the assets of a company. An important feature of this module is that it integrates with other modules of SAP, such as Cash Management and Sales and Distribution.
Similarly, Bank Accounting manages bank accounts of a company. This module also contains bank transactions, such as credit memos, down payments, and automatic payment programs. Moreover, it also reconciles the bank transactions to the transactions done in the SAP system.
The company can create separate accounts for each customer. It can also assign customised credit limits to each customer.
Payment terms are stored on a vendor master record. These terms determine the due date for each invoice. Moreover, the payment terms are pulled through to the invoice postings. When a part payment is made on an invoice, the remaining balance is cleared. In this way, a new invoice is generated for the remaining balance.
