Top 10 SAP FICO Courses in Chennai SAP FICO

Introduction

In the gargantuan world of Systems, Applications, and Products (SAP) in data processing, what often gets overlooked is SAP FICO, two different subsets of SAP that are now growing increasingly important in today’s ultracompetitive world, where performance alone will not get you ahead, and where upgrading skills is vitally important in the race to climb the corporate ladder.

But first, let us understand what exactly is SAP FICO. In the SAP Enterprise Resource Planning central component SAP FICO is an important component that allows an organization to manage all of its financial data. If an organization wants to store a complete version of their financial transaction data, SAP FICO is utilized. SAP FICO helps companies aid in effective business planning and decision making as well as helps companies generate and manage financial statements for reporting and analysis.

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An on-premise enterprise resource planning system known as SAP ERP Central Component (SAP ECC) is aided by SAP FICO in controlling and financial accounting functions.

Learn Sap FICO to provide a boost to your career.

SAP FICO institutes in Chennai 

Over the past few years, the city of Chennai has become a hot bed of activity as far as coaching and teaching institutes are concerned. Among the myriad network of institutes, teachers, coaching classes SAP FICO has gained a lot of prominence these past few years. A number of high-quality institutes have sprung up over the past few years that offer these courses. But one has to remain careful as selecting the right institute at the right time with the right faculty often can make the difference between money well spent and money lost in a lost cause. So, without further ado let’s drop into the world of institutes offering SAP FICO courses in Chennai.

Rank#1: Henry Harvin

Henry Harvin’s SAP FICO course is ranked among the top 3 in the training industry according to BestCourseNews.com. This institute is the top dog when it comes to SAP FICO training.

About the course

The SAP FICO course in Chennai provides information on financial controlling and accounting. It also enables candidates to master the art of using SAP FICO software. Henry Harvin institute is well equipped with updated course materials and highly advanced lab tools as per the latest industry standards.

Gold membership benefits of finance academy

This membership entails a number of benefits including E-Learning access which is access to recorded videos, games, projects, case studies etc.; monthly bootcamp sessions which includes brushing up concepts with the experts in the field; job opportunities and internship which includes 100% placement assistance and internship opportunities with Henry Harvin or partner firms; support in clearing and facing interviews; access to complimentary modules including resume writing and soft skills development along with the course curriculum of the SAP FICO course.

Benefits of the SAP FICO course

There are a number of benefits of this course which include 44 hours of intensive training; SAP FICO practitioner certification,; add on supplements provided including logo software, E-books, question making software, mobile app, project guides; Henry Harvin’s Learning Management System provides free one-year access; 100% placement assistance, project support and internship opportunity; monthly bootcamp sessions; recorded videos of the sessions; industry oriented study material.

Eligibility of the course

This course is most suitable for finance executives, candidates who have a degree in B.Com, BSc, B Tech or those who holds a master’s degree, job seekers looking to find employment in SAP FICO, people switching to the field of finance from other fields, finance department employees, Generalists in the field of finance, professionals wanting to add to their CV by upgrading their skill sets, graduates looking for a successful career, and employees looking for a higher post to prove to their employers their superior skills through this certification. 

Course Curriculum

The course curriculum consists of a number of modules. These include introduction to ERP which includes advantages of ERP, major ERP packages, introduction to SAP, roles and responsibilities of a consultant; Module 2 Financial accounting basic settings which includes defining tolerance groups for G/I Accounts, creation and assignment of company and company codes, defining retained earnings account, defining and assignment of fiscal year variations, module 3 SAP FI General Ledger Accounting which includes creation of General Ledger Master, Configuration of Line layouts for display of GL Line items. Master document entry, creation of Sample Document and posting; Module 4 SAP FI Accounts Payable which includes assignment of number ranges and creation of vendor account groups, defining party statement of accounts and correspondence, creation of tolerance group for vendors, payment to vendors through APP;

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Module 5 SAP FI Account Receivables that includes creation of custom master (display/change/block/unblock of vendor master), defining party statement of accounts and correspondence, posting of customer transactions, configuration of Settings for dunning; Module 6 SAP FI asset accounting that includes defining chart of depreciation, depreciation run lines settlement of assets under construction of capital work in progress, defining account determination and screen layout, post capitalization and write up; Module 7 SAP FI reports that includes Financial statement version GL reports, real time issues, Accounts payable reports, Accounts receivable reports; Module 8 SAP CO Controlling Basic settings for controlling that includes defining controlling area, real time issues, defining number ranges for controlling area, creation of cost element groups, creation of primary and secondary cost elements;

Module 9 SAP CO cost centre accounting that includes defining cost centre standard hierarchy, real-time issues, creation of cost centre groups and cost centres, planning for cost centres, posting to cost centres; Module 10 SAP CO internal orders that include defining order types, creation of internal orders, report of variance analysis, planning of internal orders, postings to internal orders; Module 11 SAP CO-Profit Center Accounting that includes Basic settings for-profit centre accounting, creation of revenue cost elements, standard hierarchy, maintaining versions for-profit centres; Module 12  SAP CO COPA Reporting that includes the definition of COPA, configuration, maintenance of characteristics, maintenance of fields; Module 13  SAP integration that includes Procurement Cycle with integration to MM, and Sales Process Integration with Asset Accounting and SD integration. 

Duration of the course

The course includes 44 hours of instructor led training and certification program, 24 hours of bootcamps spread over 12 months.

Course Fees

There are two courses available at Henry Harvin. These are the self-paced course and live online training. The course fees for both differ. While for the former it is INR 26,550, for the latter it is INR29,500. 

Rank#2: ACTE

This institute is one of the best institutes in India when it comes to Sap FICO training. Some of its features include beginner and advanced level classes, hands on learning in SAP FICO, affordable fees with one of the best curriculums designed by Industrial SAP FICO experts, the best practice with interview preparation techniques for SPA FICO, Life time access to study material, student’s portal and videos and top MNC interview questions covered.

Benefits of the course

Some of the course’s USPs include 100% guaranteed placement support for freshers and working professionals, resume and interview preparation support, advanced knowledge of SAP FICO and exposure to industry best practices, an in depth curriculum to support job criteria and requirements, practical job oriented training with practice on real time project scenarios,  and experienced trainers with state of the art lab facility.

Curriculum

The curriculum of the institutes SAP FICO course comprises Module 1 General Ledger accounting that includes general ledger master, general ledger reports, general ledger postings, automatic clearing; Module 2 Cash and book accounting that includes cash journals, bank reconciliations, cheque management, house bank masters, Module 3 Accounts payable that includes vendor master, vendor reports, vendor invoice posting, automatic payment run; Module 4 Accounts receivable that includes customer master, customer reports, customer credit memo, residual payment; Module 5 Asset Accounting that includes asset master, depreciation run, asset procurement, asset scrapping; and Module 6 SAP FI consultant level that includes new GL and document splitting concepts, customer master record, asset masters, depreciation areas. 

Course Fees

The institute offers its course both offline and online. The course fees are INR 27,000.

Check- SAP FICO Course in Mumbai

Rank#3: TIC ACADEMY

Based in Chennai, the institute offers placement focused, practical and real-time training in Chennai. Its SAP FICO Course starts at a very basic level and then goes onto advanced levels. Its team of SAP FICO trainers are SAP FICO certified professionals with real-time experience in live SAP projects. The institute charges a very nominal fee for its SAP FICO Course that can be paid in installments as well. The classes are held both in weekdays and weekends to suit the needs of students. In addition, a fast track SAP FICO training and online SAP FICO training are provided both in group sessions as well as one-to-one training. Also, SAP FICO training is provided for employees of corporations as well.

Course Benefits

The institutes SAP FICO course includes a number of benefits. These include real-time project training, job-oriented training in SAP Finance, practical hands-on training, implementation-based training, 100% placement support, minimum batch size and flexible batch timings.

Eligibility for the course

Candidates with a finance background are eligible. Candidates who have completed B.Com, CA, MBA in Finance or ICWA are eligible. Freshers are also eligible along with experienced candidates. However, an accounts background is a must have.

Course curriculum

The course curriculum is varied and comprises An introduction to SAP R/3 that includes introduction to ERP and SAP, SAP server landscape, overview of FICO; Financial Accounting basic setting that includes definition of company and company code, defining retained earnings account, definition of business area, defining accounts group; General Ledger Accounting that includes creation of general ledger master, accrual and deferral documents, display and change of documents, interest calculation on term loans; Accounts payable which includes creation of vendor account groups, defining party statement of accounts and correspondence, creation of payment terms, configuration of automatic payment program; Accounts receivable that includes creation of customer account groups, posting of sales returns, creation of number ranges for customer master records, bills of exchange; Asset Accounting that includes defining chart of depreciation, depreciation run, assignment of chart of depreciation to company codes, sale of fixed assets; New general ledger accounting that includes parallel ledgers, segments and document splitting; Reports that includes financial statement version, General ledger, asset reports integration, accounts payable and accounts receivable; Integration of financial accounting with materials management that includes definition of organizational units in materials management, goods issue for production, assignment of organizational units to each other, creation of purchase order, invoice verification, posting of goods receipt; Integration of financial accounting with sales and distribution that includes definition of sales organization, creating sales invoices, definition of distribution channels, initialization of stock; Basic settings for controlling that includes defining controlling area, maintain planning versions, defining number ranges for controlling area; Cost element accounting that includes creation of primary cost elements from financial accounting area, default account assignments, display of cost element master records, primary cost element categories; Cost center accounting that includes defining cost center standard hierarchy and cost center reports; Internal orders that includes defining order types and maintenance of budget manager; Profit center accounting that includes creation of dummy profit centers and generating the variance reports for profit and loss account items; Profitability analysis that includes maintaining the operating concern and creation of reports; Product cost planning that include creation of bill materials and creation of cost estimate without quantity structure. 

Duration of the course  

The course is split into three durations. These include everyday training of 40 days duration, weekend training classes including Saturday, Sunday and holidays with a duration of 8 weeks and a fast track training program of five hours daily with a duration of less than 20 days.

Course Fees

The institute offers both online and offline training. The course fee is fixed at INR 25,000.

Rank#4: iClass Chennai

This institute provides placement focused and real time SAP training in Chennai. Its SAP FICO course starts from basic levels and goes onto mare advanced levels. The institutes trainers for SAP FICO are SAP FICO certified experts with hands on real-time expertise in working on SAP projects. Its SAP FICO course content and curriculum is balanced with both student’s requirements and the needs of the industry. The institute offers multiple training locations in Chennai. Its SAP FICO training centers and labs are equipped with world class facilities.

Curriculum

iClass Chennai’s course curriculum is varied and comprises SAP introduction that includes introduction, SAP R/3 architecture and ASAP methodology; Basic settings that includes creation of company and company codes and retained earnings account; General Ledger that includes GL master record and credit management; Accounts payable that includes vendor groups (MM and FI vendors) and automatic payment program; Accounts receivable that includes Customer groups (SD and FI customers) and Input & output tax; Asset accounting that includes chart of depreciation and sub asset master; Controlling that includes controlling area and budgeting; Internal orders that include order type internal order and settlement profile; profit center accounting that includes controlling settings and planning balance sheet items; Profitability analysis that includes profitability segments and drill down report;  Product costing that includes creation of secondary cost element and cost estimate without quantity structure; Integration that includes procurement cycle and integration with PP; Reports which include Financial statement version and cash book reports; Real time scenarios that include LSMW and support and maintenance process; Business scenarios (in manufacturing) that include make to order and make to stock; Retailing that includes retailing stores and consumer based apparel and footwear.

Duration of the course   

Like its predecessor in the blog iClass Chennai has a three-tier course duration. The first of these are daily classes with a duration of 7 weeks. The next of these are weekend classes on Saturday, Sunday and holidays, with a duration of 10 weeks. Lastly comes the fast track training program with 6 hours of daily classes and with a duration of 6 weeks.

Also check- SAP FICO Course in Hyderabad

Rank#5: IICT

IICT is a leading placement and training institute in Chennai. It is managed by corporate experts with more than 15 years of experience in training in the IT field both in India and overseas. The institute undertakes both development projects and consultancy services.

Benefits of the course

IICT offers the benefit of real time Corporate experts as trainers, flexible timings, affordable fees, hands-on practical training, lab support and 100% job placement and assistance services, preparation support to crack interviews, etc.

Eligibility for the course

Candidates with a finance background, CA, B.COM and M.COM students are eligible.

Curriculum

The institutes curriculum is varied and comprises General Ledger Accounting module that includes General ledger master and general ledger reports, Cash and bank accounting module that includes cash journals and bank reconciliations, Accounts payable module that includes vendor master and vendor down payment clearing, Accounts receivable that includes customer master and residual payment, Asset accounting that includes asset master and depreciation run, SAP FI consultant level module that includes defining a company and company code and Account assignment model, Controlling area module that includes maintain controlling area and maintain versions, Master records module that includes cost element and profit center, Cost element module that includes primary and secondary cost elements and automatic creation of primary and secondary elements, Cost center accounting module that includes define standard hierarchy and create cost center group, Transaction-based posting that includes number assignment for CO documents and transaction-based posting in CO, Profit center accounting module that includes create profit center and repost CO line items (Using FI Documents).

Course Fees  

The course fee for the institute’s SAP FICO course is INR 15,000.

SAP FICO really boosts your carrer.

Rank#6: Experts Academy 

Experts Academy provides real time practical and placement-oriented SAP training in Chennai. Its SAP courses starts at a basic level and then goes on to intermediate and higher levels. Its SAP FICO course is

Industry oriented with an aim to achieve placement for all its students in top MNCs. Its SAP FICO trainers are certified in SAP FICO with real-time experience in SAP live projects.

Curriculum

The institute has a very diverse curriculum. This comprises a module on SAP overview that includes management empowered by my SAP ERP and SAP navigation, a module on FI organizational units that includes define a company code and define a business area, a module on FI Accounting master data that includes account groups and reconciliation accounts, a module on document and posting control that includes cash discounts and payment conditions and tolerance groups and payment differences, a module on Payment program, dunning program correspondence and interest calculation that includes correspondence configuration and payment program configuration, a module on asset accounting that includes correspondence configuration and executing the dunning run and printing the dunning notice, a module on Evaluation options in reporting that includes that includes drilldown reporting in financial accounting and list viewer, a module on Closing operations in financial accounting that includes executing the interest calculation run and validation, a module on the New general ledger that includes activation and the idea of the new general ledger scenarios and scenario assignment, a module on SAP solution manager that includes an overview of the SAP solutions manager, a module on SAP Controlling basics that includes cost elements and internal order master data, a module on SAP integration that includes SAP FI-SD integration and SAP FI MM integration, and a module on Data migration that includes LSMW.

Course Fees 

The course fee for the institutes SAP FICO course is INR 16,000.

Kindly check-SAP FICO Course in Pune

Rank#7: Kat V Tech 

This Chennai-based institute offers SAP training sessions that are based on candidate’s convenience with both online and instructor-led modes of delivery for graduate and master’s degree holders, practitioners in SAP and non-SAP working professionals. The institute provides new dimensional product training and standard short duration programs that cover human resources, manufacturing, marketing, sales, materials, finance and planning.

Benefits of the course 

The institute’s SAP FICO course has several benefits. These include training from SAP professionals whom have successfully implemented SAP, training and case studies from SAP consultants who have bountiful experience in hands on work, career counselling, progression and growth, an excellent placement assistance program and tips and tricks on becoming successful in SAP certification. 

Curriculum 

This institute has a comprehensive curriculum. This comprises a module on SAP overview that includes management empowered by my SAP ERP financials and Sap navigation, a module on Financial accounting master data that includes account groups and reconciliation accounts, a module on payment program, dunning program, correspondence and interest calculation that includes correspondence configuration and payment program configuration, a module on evaluation options in reporting that includes drilldown reporting in financial accounting and list viewer, a module on the New general ledger that includes activation and the idea of a new general ledger and reporting with FI standard drilldown reporting, a module on SAP controlling basics that includes cost elements and internal order master data, a module on FI organizational units that includes defining company code and defining business area, a module on Documenting and posting control that includes cash discount and payment conditions and tolerance groups and payment differences, a module on asset accounting that includes correspondence configuration and executing the dunning run and printing the dunning notice, a module on Closing operations in financial accounting that includes executing the interest calculation run and processing parked documents, a module on SAP solutions manager that includes overview of the SAP solutions manager and a module on SAP integration that includes SAP FI-SD integration and SAP FI-MM integration.

Course duration

The institute’s SAP FICO course has a duration of one-and-a-half months spread over 46 sessions.

Course Fees 

The institutes SAP FICO course fees are priced at INR 16,000, that is a INR 4,000 discount to the original pre-pandemic amount of INR 20,000. 

Rank#8: The Creating Experts

This Chennai-based institute is one of the best SAP FICO training institutes in Chennai offering practical classes with real-time scenarios taught by experts in the domain. The institute provides live project training for SAP FICO.

Benefits of the course 

The institutes SAP FICO Course has a number of benefits. These include both beginners and advanced level topics, integration-based training, real time and live project-based training, practical sessions with real-time scenarios, exercises at the end of every lesson. In addition, advanced topics like GR, SIN, Enterprise structure, Tax and integration with other modules like SAP HR, SD and MM are also there.

Eligibility for the course

Candidates having basic knowledge and domain expertise in the accounting and finance domains are eligible.

Curriculum   

The institute has a diverse curriculum. This comprises a module on Introduction that includes an introduction to SAP R/3 and introduction to SAP R/3 FICO, a module on Financial accounting basic settings that includes creation and assignment of company and company code and defining tolerance groups for G/I accounts, a module on General ledger accounting that includes creation of general ledger master (with and without references) and defining exchange rates and posting of foreign currency transactions, a module on Accounts payable that includes creation of vendor account groups and assignment of number ranges and creation of check lots and maintenance of check register, a module on Accounts receivable that includes creation of customer account groups and assignment of number ranges and configuration of settings for dunning, a module on Asset accounting that includes defining chart of depreciation and acquisition and purchase of assets, a module on Tax on sales and purchases that includes basic settings and posting, a module on extended withholding tax that includes calculation and posting. The Controlling section has a module on Introduction that includes basic settings for controlling and primary cost element categories and secondary cost element categories, a module on Cost center accounting that includes defining cost center standard hierarchy and cost center reports, a module on Cost element accounting that includes defining costing element types and repost of cost element accounting, a module on internal orders that includes defining order types and report of variance analysis, a module on Profit center accounting that includes basic settings for profit center accounting and creation of revenue cost elements, and a module on profitability analysis that includes defining the operating concern and fallow of actual values.

Course Fee 

The course fee for the institute’s SAP FICO course is INR 25,000.

Rank#9: Broadline Technologies

This Chennai-based institute offers real-time SAP FICO training in Chennai. It is one of the most reputed institutes in Chennai for the same.

Benefits of the course

The institute’s SAP FICO course offers a number of benefits. These include that fact that it is a SAP FICO authorized institute, it has flexible FICO batch schedules and timings, it has expert FICO faculty, exposure to the complete SAP ecosystem, it enables good job offers with higher salaries as compared to other institutes, it has SAP FICO certification support from Germany and practical training with excellent study materials.

Eligibility for the course

Accounts graduates, finance graduates (with an MBA in Finance or a BBA in Finance), commerce graduates (B. Com and M. Com) and working professionals working in the domain of accounts, finance and commerce are eligible.

Curriculum of the course 

The institutes curriculum is comprehensive and comprises a module on Basics and introduction that includes how to create a new company and company code and process and steps in assigning company codes to companies in FICO, a module on General ledger that includes what is Chart of Accounts in SAP FICO and account management, a module on Accounts payable that includes how to create a vendor accounts group and how to post a document entry to vendor accounts, a module on Accounts receivable that includes creation of customer account group in FI module and how to define credit control areas in SAP FICO, a module on Asset accounting that includes steps in assigning more than one chart of depreciation to company code and define number ranges for asset accounting, a module on Asset class configuration that includes treasury and treasury document symbols, and a module on Controlling that includes structure of funds management area and statistical key figures.

Course Fees

The institute’s course fees for its SAP FICO course are INR 50,000.

Find out about- SAP FICO Course in Bangalore

Rank#10: Atos SAP

Lastly but certainly not the least of all is this Chennai-based SAP Training institute called ATOS SAP training. Atos India, formerly known as Siemens IT Solutions services Pvt ltd, is reputed for delivering the best combination of SAP related learning and knowledge transfer. Atos India Pvt ltd is a partner of SAP and is the largest SAP training partner in India, providing a combination of extensive project and product E-learning with a collaborative learning environment to unlock value in SAP education. The institute’s training is focused on transforming experienced SAP talent to meet the requirements of the ever- growing SAP market.

Eligibility for the course

Candidates with the knowledge of finance and accounting or candidates with 1-3 years of domain expertise in finance and accounting or candidates with a degree in B.Com, CA, ICWAI, MBA PGDM in Finance or a post graduate in finance and accounting with relevant experience and with good communication skills are eligible.

Course Curriculum

The institute’s curriculum is sub-divided into two segments SAP FI and SAP CO. Its SAP FI curriculum is varied and comprises a module on Basics of Customizing for financial accounting that includes organizational units and postings, A module on Handling of payments, dunning, correspondence and closing operations in financial accounting that includes automatic payment processing with clearing of open items and configuration of periodic closing in financial accounting, and a module on E-Learning Sap solutions overview that includes organizational structures, master data, and business processes in Asset accounting and archiving in financial accounting. The institute’s SAP CO course curriculum is diverse and comprises a module on Management accounting part 1 that includes organizational units and master data of overhead management (cost elements, cost centers, activity types, statistical key figures, internal orders) and cost object controlling in a make to stock scenario with preliminary costing, simultaneous costing and period end closing activities. The institute also has a module on controlling called Management accounting Co part two. This module includes cost object controlling in a make to order scenario and valued sales order stock and profit center master data and assignment (in new general ledger).

Methodology of teaching and duration of the course

Atos provides 20 days of virtual instructor led classroom training, SAP E-Academy that includes 200 hours of self-study training and 3 months server access, instructor led classroom training with 20 days of SAP Live classroom that is currently unavailable due to the pandemic and self-learning using SAP learning hub.

Course Fees

The institute’s SAP Fi courses have a course fee of INR 2,90,000 and Atos’s CO course also has a course fee of INR 2,90,000. However, if candidates take both these courses together then they will only have to pay INR 5,00,000 that is a discount of INR 80,000. However, to partake in any course there is a mandatory initial down payment of INR 2,90,000 by demand draft or online transfer.

Subsets of SAP FICO

SAP FICO has two subsets, each of which is used for a specific financial process, known as SAP Finance (FI) and SAP Controlling (CO). While SAP CO focuses on planning and monitoring costs, SAP FI deals with overall accounting and financial reporting. SAP FI allows organizations to make financial statements for analysis and reporting. Some of these financial statements may include balance sheets or profit and loss statements. To the contrary of SAP FI, SAP CO supports processes to report on, plan and monitor costs from business operations. Often SAP CO is instrumental is improving a company’s bottom line.

Both these modules include several subsets. For SAP FICO these include General Ledger that contains all of the company’s transaction data in a chart of accounts; Accounts Receivables that manages customer accounts and that captures customer transactions; Accounts Payable that involves all of the transactions with managed vendor accounts and vendors; Asset Accounting that manages all of the transactions related to the fixed assets of the company such as heavy equipment, buildings and land; Bank Ledger that deals with all of the company’s data and bank account transactions; Consolidation that enables the company to financial statements for multiple entities; Funds Management that manages the budgets for the company’s expenses and revenue; Special Purpose Ledger that defines the Ledgers in SAP FI for reporting purposes; and Travel Management that manages all of the transactions for travel  purposes.

SAP CO also has several subsets that include Cost Elements that provides and overview of all of a company’s costs and revenues based on profit and loss statements, Cost Center’s that deal with the costs associated with a company’s departments or internal divisions, Profit Center’s that handle all of the cost data related to a company’s business lines, Internal Orders that are used to manage the costs for smaller internal projects or non-fixed assets, Profitability Analysis that enables a company to analyze its products profitability, and Product Costing that in order to produce a company’s goods or services manages data related to that.

Conclusion

In the vast network of teachers, institutes and coaching centers in Chennai these above-mentioned institutes stand out as a beacon of hope for those attempting to make a career in either SAP or SAP FICO. However, one has to be careful to select the right institute at the right time in order to get value for money. Above all apart from the institute’s lab facilities, the quality of the trainers matters the most as that can often make the difference between success and failure in this field and can make or break candidates. The demand of SAP FICO consultants is ever growing with top MNCs looking to recruit both freshers and experienced hands. Both these categories of people need to undertake SAP FICO courses to gain new skills and to update themselves. FI consultants have vertical growth opportunities by elevating themselves in the roles of team leaders, functional lead, project managers and program managers. SAP FI consultants can also cross train themselves with advanced modules like CO, SAP S/4Hana Finance, BPC, BI, FSCM etc. In sum the career possibilities are endless for SAP FICO consultants in India.

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FAQs

What is SAP FICO?

SAP FICO stands for FI (Financial Accounting) and CO (controlling). In this field, SAP FI is concerned with accounting, tax computations, preparation of financial statements, while SAP CO is focused on internal orders, cost allocations, cost sheet and inventory sheet. While SAP software stores and computes data and retrieves the results based on the current marketing scenario, SAP FICO does the verification and reporting of data and prevents data loss.

In SAP FI what are the organizational elements?

The organizational elements in SAP FI are company code, functional area, business area and chart of account. 

Why is it important to undertake a course from only SAP authorized training institutes in Chennai?

Recognition from SAP certified training centers broadens candidate’s chances of placement in India and abroad. Companies overseas India definitely look for SAP certification while recruiting SAP FICO consultants. Also studying from unauthorized institutes is a loss and waste of time as these institutes offer only one hour of training per day and drag the course for three months. Such institutes also often don’t have quality or experienced faculty.

What are the major applications of SAP FICO?

SAP FICO has several applications. These include real estate, handling financial tasks vital to the company, consolidation and asset and cost accounting.

What are the future trends of SAP FICO in India and what is the future of SAP FICO in India?

SAP FICO is the best module to learn while making a career in SAP. Finance is the backbone of every industry. SAP FICO has the highest job prospects in the industry. Currently, most people from the accounting background are working on tally and busy software and are earning between INR 15,000-30,000 a month. But in SAP FICO the starting salary is INR 35,000 which could potentially grow in three years to INR 70,000- 80,000 per month. Also, SAP FICO offers multiple career opportunities abroad and thus allows one to travel the globe. However, a word of caution. While SAP FICO has many glorious career prospects as SAP cloud computing is being introduced and growing customers are moving from ECC to S4 Hana finance. Thus, SAP professionals, while being grounded in SAP FICO, also need to update themselves in S4 Hana Finance.

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Author

Adit Mathai is a former journalist and has worked with reputed organizations like G2, HT Media, The Outlook Publishing Group, The Financial Express, and Business World. These days he is an avid foodie, tech buff, blog writer and likes to travel around the world.

4 Comments

  1. Great post again I found on this blog. Keep updating and share your knowledge with us dude.

  2. This is the best blog for anybody who desires to find out about SAP Fico courses in chennai.

  3. Wonderful post. I will share it on my all social media sites and friends.

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