Introduction to SAP. It’s all the IT BOOM..

SAP is an Enterprise Resource Planning Software. It integrates various systems in a single module, making it easier to track the flow of resources from one department of an organisation to another organisation. FICO, stands for Financial Accounting and Control

SAP is the market leader in enterprise business software solutions. SAP also provides an unique comprehensive training program, that is focused on the specific needs of consultants and organizations.

Top 10 SAP FICO courses in Ahmedabad:

The scope of SAP career is huge in Ahmedabad as it is the financial capital of Gujarat.

1. Henry Harvin SAP FICO course

SAP FICO Course Training

SAP FICO Course: Ranked Amongst Top 3 Courses | Recognized by Govt of India | Award Winning Institute | ISO 29990:2010 Certified | Live Online Instructor-led Certified SAP FICO Training & Certification

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henry harvin logo

The SAP FI (Financial Accounting) and SAP CO (Controlling) course of Henry Harvin provides students with specific information on financial accounting and controlling and helps them master the art of using SAP FICO software. Henry Harvin’s SAP FICO Course is well-equipped with highly advanced lab tools and updated course material as per the latest industry standards.

Why Henry Harvin tops the list?

  • Monthly Bootcamp Sessions to brush up the concepts  with experts to be industry ready.
  • Certified SAP FICO Training Course graduates get 100% placement assistance and internship opportunities with Henry Harvin or partner firms.
  • Winner of Top Corporate Training Award, Game-Based Learning Company of the Year, 40 under 40 Business World Award.
  • Hands-on training with industry projects during the Certified SAP FICO Training Course.
  • Industry-acclaimed SAP FICO Practitioner Certification.
  • Alumni status of the elite Finance Academy of Henry Harvin & join the 18,000+ strong alumni network worldwide.

Course duration:

  • 44 hours instructor-led training and certification program
  • Post that, 24 hours of Bootcamps spread over the next 12 months
  • Attend Unlimited Batches for the next 1 year from the date of enrolment without paying anything extra

Check Henry Harvin  SAP Courses 

SAP FICO Course | SAP MM COURSE SAP HR Course | SAP Hana Course SAP ABAP Course SAP Ariba Training |

Cities in India where Henry Harvin SAP FICO Course is provided:

DelhiHyderabadMumbaiGurgaonPune, IndoreOnlineBangaloreKolkataChennai

Henry Harvin® SAP FICO Course Ranks #1 in India by Higher Education Digest

2. iClass Ahmedabad

Iclass Training logoOur SAP financial accounting and controlling (fico) course includes basic to advanced level courses. The sap fico course is designed to get the placement in good MNC companies in Ahmedabad as quickly as once you complete the sap fico certification training course. Our sap fico trainers are SAP financial accounting and controlling (fico) certified experts and experienced working professionals with hands on real time multiple SAP FICO projects knowledge. We have designed our sap fico course content and syllabus based on students requirement to achieve everyone’s career goal. In our sap fico training program, you will learn SAP R/3 Architecture, General Ledger, Accounts Payable, Accounts Receivable, Asset Accounting in Sap, Controlling, Internal Orders, Profit Centre Accounting (PCA), Profitability Analysis (CO-PA), Product Costing, Integration, Reports, sap fico real time project and SAP financial accounting and controlling (fico) placement training.

Key Benefits:

  • 100% Placement
  • Small Training Batch
  • Flexible Timings
  • Practical Guidance by trainers who have worked on 4 real- time SAP FICO implementation Projects.
  • Excellent Lab Facility
  • Hands on Experience by Industry experts
  • Sap FICO Certification Support

Course Duration:

  • Regular Course: 6 weeks
  • Weekend Course: 8 weeks
  • Fast Track Program: 4 weeks (4+ hours classes daily)

3. SAP Academy

SAP Business Technology Platform logoSAP Academy is leading training institute for sap courses. SAP Academy offer all sap module training. It has over decade experience in sap training.

The Academy is a leading educational and corporate assistance company and first of its kind in India. It has been established keeping in mind the regular requirements of the student community related to education, and the industry demand

It is geared up by enterprising entrepreneurs with the goal to make a difference in the educational industry to enhance the lives and development of education. We are involved in providing technology training.

At SAP Academy, our main focus is in spreading education and knowledge among the student community on the current and updated industry demands. It is designed to provide a spectrum of counseling, information material and training essentials for feeding knowledge to the mind of individuals and students.

What are the Benefits:

  • Real Time Training
  • Hands-on Practical Training​
  • Placement Support/Job assistance
  • 10+ year Experience faculty
  • Flexible Batch Timings​
  • Minimum Batch Size​
  • Student Referral Bonus​
  • Money back guarantee
  • CV & Interview Preparation

Course Duration:

2 months (daily/weekend batch)

SAP MM Certificate and Training

Ranked Among Top 3 Course | Recognized by Govt. of India | Award Winning Institute | ISO 29990:2010 Certified | One of the most Fundamental Modules of SAP ERP System

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Check- SAP ICO Course in Chennai

4. ITAA

ITAA logoThe Sap FICO course is a 360° comprehensive course designed for working professionals. Gain practical knowledge of world-class finance and controlling modules. A perfect course to enhance your skills and improve your chances of acing your career. This course will help you to understand the end-to-end implementation of SAP Fico module in any organization. SAP FICO course presented by ITAA gives in-depth theoretical and practical knowledge of accounts payable and receivable.

Why ITAA?

  • Our best sap fico course will take you way ahead of your competitors and will offer you great career opportunities.
  • This program contains case studies co-designed with industry and domain leaders in Accounting Field.
  • With this course, you will get recognition at work and high compensation. It further improves your chances of success.

Course Duration:

40+ Practical Hours and is carried out in three and a half months.

Special weekend batches for Working Professionals.

5. QUICK XPERT INFOTECH, AHMEDABAD

Quick Xpert Infotech logoKey Features of the institute:

  • Training from Experts
  • Affordable Fees
  • Latest Syllabus
  • Hands on Training – Approx 25% Theory & 75% Practicals
  • Certification & Job Oriented Course
  • Professional Notes & Guidance
  • Interview Preparation
  • Resume Building
  • Live Projects / Live Case Studies
  • Dedicated Placement Team
  • 100% Job Placement Opportunities

Course Duration:

50 hours approximately 2 months duration (Both Classroom & Online Trainings Available)

6. YOINSIGHTS TECHNOLOGIES

YOINSIGHTS TECHNOLOGIES logoYoinsights Technologies Pvt. Ltd. was established with the goal to deliver strategic IT solutions and service standards that achieve a higher level of productivity, reliability, efficiency, and security. Yoinsights, Ahmedabad support’s aim is to train and support as many young professionals as possible in achieving their tasks for attaining quality jobs in the regular workforce.

Why to choose YOINSIGHTS?

Our trainers make it a point to make you capable of understanding the real world scenarios.

Our trainers will provide exceptional Technical assistance and help you out solve your Technical problems at your jobs in an efficient way.

We assist the person learn a new job, and ensure extra assistance or a different format for learning the role vividly.

We Specialize in providing most reliable support and you can entirely entrust to us.

Course Duration:

44 + hours of training.

7. DTTI SAP EDUCATION CENTRE

DTTI SAP EDUCATION CENTRE logoDTTI has an experience in SAP Training & SAP Consulting for more than 5 years and has a professional network to cater to education and career needs of aspiring and experienced SAP Professionals. The institute takes pride in having assisted thousands of professionals with SAP Education to get placed at renowned organizations at various levels across industries in the SAP.

The SAP Education centre and its staff is committed to deliver knowledge and satisfaction to its customers. At DTTI, we believe that our actions should be aligned to our motto – “Your Success is our Goal.”

Our faculty has real time experience in the industry, with lots of enthusiasm, professionalism and high level of technical knowledge in all SAP modules.

Course Duration:

2 months.

8. S SQUARE TECHNOLOGIES

S SQUARE TECHNOLOGIES logoSAP FI/CO is an important module of SAP ERP Business Suite, and both FI and CO modules store the financial related transactions/information. We at S Square Technologies are the fastest growing training provider for SAP FICO courses in Ahmedabad.

SAP FICO is an area of expertise which is gaining popularity in the modern times of business enterprise. Students who look ahead to pursue their career in SAP financial controlling area are always in the brighter side of their career in accessing to the dream jobs. S Square Technologies is the choice for students and professionals who are looking for SAP FICO training institute in Ahmedabad, Bangalore. Here, you can maximize your skills on SAP FICO by providing best quality classroom and online training.

Features of the course:

We offer you the most industry-relevant and SAP FICO training course. Whether you’re looking for customized SAP FICO training course then S Square Technologies has the solution for you. The advanced and unique training methodology & approach will help you gain the knowledge and confidence you need to build a successful career. In order to render the best training on SAP FICO, all our training modes have been made interactive sessions and hence we are noted as the best SAP FICO training institute in Ahmedabad.

Course Duration:

44+hours (specific attention is also given to online requirements of the candidate as well).

9. Orion Synergy Career Concepts

Orion Synergy Career Concepts logoOrion is SAP Authorized Training Partner established in India in 2000. Orion is a professionally managed company run by technocrats who have vast experience in SAP Technology & SAP Training. At Orion we impart quality by maintaining the state of art infrastructure. Orion is spread over an area of 2500 sq.ft facility in Ahmedabad. Our training centre is well designed with echo friendly atmosphere in mind.

 Our SAP FICO training is delivered any way you want it-from Instructor led training to virtual training to flexible E-Learning options. With SAP Global Certification you gain competitive advantage for you and your team. Our training certifications demonstrate that you have done your skills through rigorous study and direct experience in your area of expertise that will increase your technology value. The Global SAP Certification is important benchmark for consultant expertise, making SAP education a must for all functional managers and IT professionals.

Key Features:

  • To help you gain a complete understanding of the SAP products, and the related strategy
  • To guide/train the new consultants as well as SAP professionals into SAP ERP based industry and its curriculum
  • 100% job assistance.
  • SAP certified professionals
  • Equip the professionals with the necessary skills that will benefit both individuals and businesses.
  • Globally recognized SAP Certification
  • Excellent opportunity to start or upgrade your career with Top Multi-national companies

Course Duration:

40 days classroom learning.

10. Udemy

udemy logoOffers an end to end implementation of SAP FICO in SAP. SAP FICO Course will prepare the students to learn and understand all the end-to-end implementation steps to configure SAP FI and CO modules for any organization.

The course also highlights the necessary documentation and methodology which are used in SAP FICO implementation projects.

After this course, the students will be able to identify and analyse the business requirements of any organization for Record to Report process cycle and to configure SAP FICO modules accordingly.

Key benefits:

  • 1 downloadable resource
  • Full lifetime access
  • Access on mobile and TV
  • Assignments
  • Certificate of completion

Course Duration:

40.5 hours on-demand video, online curriculum.

What is SAP FICO?

SAP FICO is a module of SAP ERP that is used for financial reporting of both the external and internal picture of an organisation. The objective is to record all financial transactions that are posted by an entity and produce financial statements that are accurate at the end of the trading period. The SAP FICO full form is FI (Financial Accounting) and CO (Controlling)

.

SAP FICO: Core functional component

SAP FICO is an important core functional component in SAP ERP Central Component that allows an organization to manage all of its financial data. SAP FICO allows an organization to store a complete version of their financial transaction data. The purpose of SAP FICO is to help companies generate and manage financial statements for analysis and reporting, as well as to aid in effective business planning and decision-making. In a nutshell, SAP Fico consultants design, build and deploy business solutions on the SAP framework.

Breakup of SAP FICO

SAP FI is made up of SAP FICO sub modules. The sub-modules that are often used are accounts receivables, accounts payables, asset accounting, general ledger accounting and bank accounting.

All the sub modules are interlinked and integrate in real time. A trial balance can be extracted at any point of time which will always balance because all the sub modules are connected. The diagram below shows the integration between SAP FICO modules.

SAP FICO

 

General ledger accounting

All general ledger accounts that are used for reporting are managed through general ledger accounting. In SAP a set of all general ledger accounts used by a company or a group of companies is called a chart of accounts. These are the accounts that will be used for the preparation of financial statements. Most of the transactions are recorded in sub modules and they are reconciled with the general ledgers in real time. Transactions that can be done in direct in general ledger Accounting include journal vouchers which are posted to adjust or correct transactions. Reversals can also be done from general ledger accounting. Balances in general ledger accounts can be displayed and trial balances are extracted from the system.

Know about- SAP FICO Course in Hyderabad

Accounts receivables

Accounts receivables in SAP FICO is a sub module that captures all transactions with customers and manages customer accounts. Separate customer accounts will be maintained and when transactions are posted in customer accounts, reconciliation accounts in general ledger are updated with the figures in real time. Transactions in accounts receivables include invoice posting, credit memo posting, down payments, invoice payment, dunning and executing customer reports.

Accounts payables

Accounts payables is a sub module that captures all transactions with vendors and manages vendor accounts. Separate vendor accounts are maintained and when transactions are posted in customer accounts, reconciliation accounts in general ledger are updated with the figures in real time. Transactions in accounts payables include invoice posting, credit memo posting, down payments, invoice payment, automatic payment program and executing vendor reports.

Asset accounting

Asset accounting in SAP FICO manages all transactions realted to assets for an entity. When transactions are posted in asset accounts, reconciliation accounts in general ledger are updated in real time. Transactions in asset accounting include asset acquisition, asset retirement, asset sale, asset transfer, asset revaluation and asset depreciation.

Bank accounting

Bank accounting captures all transactions with the banks. Bank reconciliation is done to reconcile all transactions recorded on bank statements comparing them to transactions in the system.

Understanding SAP FI and SAP CO modules

SAP FI modules

SAP FI enables organizations to make financial statements for reporting and analysis. Types of financial statements may include balance sheets or profit and loss statements. SAP FI consists of several sub-modules that handle specific accounting processes:

  • General Ledger contains all of the company’s transaction data ina chart of accounts. This lists all of the accounts in the system. Transactions are recorded in sub-modules that can be recorded in real time with general ledger data.
  • Accounts Receivable captures customer transactions and manages customer accounts. Transactions include invoice posting, credit memo posting, down payments, invoice payments or executing customer reports.
  • Accounts Payable involves all of the transactions with vendors and managed vendor accounts. Transactions can include invoice posting, credit memo posting, down payments, invoice payments, automatic payments program, and executing vendor reports.
  • Asset Accounting manages all of the transactions related to the company’s fixed assets, such as land, buildings, heavy equipment. Transactions include asset acquisitions, retirement, sales, transfers, revaluations and depreciation.
  • Bank Ledger deals with all of the company’s bank account transactions and data. It can reconcile all transactions recorded on bank statements and compare them with the transactions in the system.
  • Consolidation enables the company to combine financial statements for multiple entities, which provides an overview of the company’s financial position as a whole.
  • Funds Management manages the budgets for the company’s revenues and expenses.
  • Special Purpose Ledger defines the ledgers in SAP FI for reporting purposes.
  • Travel Management manages all of the transactions for travel processes, including booking trips and handling travel-related expenses.
the module of SAP FI

SAP CO modules

While SAP FI deals with a company’s accounting and internal and external reporting, SAP CO supports processes to plan, report on and monitor costs from business operations. SAP CO can be instrumental in improving the company’s profitability. Similar to SAP FI, SAP CO is comprised of sub-modules that handle specific processes.

  • Cost Elements, which provides an overview of all the company’s costs and revenues based on profit and loss statements — also known as income statements. Cost element accounting describes the origin of the costs. Cost elements represent specific costs that the company incurs.
  • Cost Centres deals with the costs associated with the company’s internal divisions or departments, such as sales, production, marketing or human resources. Cost Centers involve only expenses, not revenues.
  • Profit Centres handles all of the cost data related to the company’s business lines. It deals with both expenses and revenues — unlike Cost Centre, which deals only with expenses.
  • Internal Orders is used to manage the costs for smaller internal projects or non-fixed assets — like a limited-time marketing campaign, for example.
  • Profitability Analysis enables the company to analyze the profitability of its products. For example, Profitability Analysis can be useful for making decisions on matters like product pricing, distribution channels and target market segments. It also allows levels of detail in analysing profitability, such as for each region or country, product types and distribution channels or individual customer profitability.
  • Product Costing manages data about the costs required to produce the company’s goods and services. Product costing analysis can help manage manufacturing costs and optimize efficiencies.
Elements of SP CO module

Summary of both Modules

Both the modules, if correlated, aid the professionals in business management using financial accounting and data management. Financial accounting is a vast field which will require some or most of these skill sets.

  • Management and Financial Accounting knowledge
  • Configuration Researching, and Testing skills
  • Knowledge of the business processes
  • Business Support including diverse tasks

What is the necessity to look at each module ?

The necessity of the SAP FI module

SAP Financial Accounting is associated with the improvement of financial management concepts in businesses. All enterprises will have finance as a critical part of it, which calls for flawless management skills. Manual financial accounting Management is challenging and complex.

SAP FI is executed ,in the organization to streamline management processes in handling accounts and financial requirements. It helps the company to assess its financial standing in the market.

The FI module includes elements like Accounts Receivable, General Ledgers, Asset Accounting Account Consolidation, and Accounts Payable.

The tools and SAP FI suite comes in the strong amalgamation of a suite those aims to provide top quality service to any organization in an area of financial needs and accounting activities. Since the growth of the internet, the importance of finance and its awareness has reached every nook and corner of the world.

The necessity of SAP Controlling (CO)

SAP Controlling (CO) module helps in supervising, maintaining, justifying, and planning business processes in every enterprise. CO is directly associated with financial accounting, as using it one can view and organize the linked costs. One can also manage and configure master data that spans the information related to cost centres, internal orders, profit centres, cost elements, and more.

The process is managed stepwise comprising organizing, chasing, execution, and reporting. It aids in tracing cost heads to plan consequently. It benefits the costing across processes, based on activities. It supervises product variances, production costs, and it’s costing.

There exist various sub-components of the SAP CO module such as for overhead management, SAP CCA for cost centre accounting-related tasks, SAP-OPA for interns auditing for orders, SAP CEL for accounting recovered for cost elements, SAP ABC for activity-based accounting, SAP PCA for accounting related to profit centres, SAP PA which is utilized for analysis of profitability along with each department whereas SAP-PC deals around with costing related issues for the product.

Who can Become a SAP FICO Consultant?

If you’re interested in becoming a sap fico consultant, one of the first things to consider is how much education you need. We’ve determined that 36.7% of sap fico consultants have a bachelor’s degree. In terms of higher education levels, we found that 57.4% of sap fico consultants have master’s degrees. You may find that experience in other jobs will help you become a sap fico consultant.

  • Finance Executives
  • Job seekers looking to find employment in the domain of SAP FICO
  • Employees who are working in the Finance Department
  • Professionals who want to improve their skill set to make their Resume/CV stronger
  • Existing employees looking for a better role to prove to their employers the value of their skills through this certification
  • Graduates looking for a Successful Career
  • Finance Generalists
  • Employees switching to Finance Profession from any domain
  • Candidates who have a degree in the field of B.Tech, B.SC, B.Com, or hold a Master’s degree.

Reasons to learn SAP FICO:

Business and financial accounting processes need a lot of time and resources in assembling statements, forecasts, reports, charts and other important data on a day-to-day basis. The SAP ERP software has modified the way Businesses are conducted, making them highly efficient and profitable.

SAP FICO (Finance and Controlling) Module has the ability to meet all the financial and accounting requirements of an organization.

This module helps Financial Managers and other managers within the Business to review the financial position of the company in real-time as compared to legacy systems. As these systems often need overnight updates before financial statements are generated and executed for management review.

Among various SAP modules, SAP FICO (Financial Accounting & Controlling) is an extensively used module. It is composed of SAP FI configuration, SAP CO user, SAP CO configuration and SAP FI user.

Within Organizations, financial management is being upgraded continuously with the help of SAP FICO. Recently, there is an emergence of SAP FICO as a popular module. SAP FICO configuration plays a significant role in SAP FICO implementation.

What Does a SAP FICO Consultant Do?

There are different skills that many SAP FICO consultants have in order to accomplish their responsibilities well. Right from from the analytical skills, communication skills and creativity, when it comes to the most important skills required to be a sap fico consultant, it is found that a lot of resumes listed business process, and master data. Hard skills like these are very helpful to have when it comes to performing essential job responsibilities as consultants.

Most sap fico consultants actually find jobs in the manufacturing and technology industries.

Rising Importance of SAP FICO:

Financial statements, master data etc. can be transferred or migrated to SAP FICO system. SAP FICO also helps in well organising the financial management systems. Which results in better record management, and ease in the decision making process. Managing variances, product costing as well as production cost has become easy. Across processes, there is more activity-based costing. For notable events, now organizations can keep track of costs where profitability and sales reports are being generated using internal or external measurement.

 

Conclusion:

SAP FICO (Finance/Controlling) is the foundation on which SAP made its name. It is an exceptional application for finance-related roles and is one of the most widely held products in terms of scope and implementation. This implies that a very high count of establishments is already using it as well and a steady number of enterprises are adopting it as their financial software platform. This inevitably translates into an urgent and steady requirement for FI/CO professionals which will sustain and grow in the years to come. to get a better understanding, do click the video below.

https://www.youtube.com/watch?v=itBR0UYGNcY

Pursuing SAP Financials certification with no overall finance background might prove challenging to find a job. SAP customers have gotten more refined, and they look for efficient specialists that have unrivalled proficiency in their particular domain.

Even if the candidate is fairly new to SAP, the HR and operation managers are looking for more comprehensive and profound competence in the functional area, the consultant will be working in. Hence it always advisable to gain some domain experience and then go for SAP FICO certification. This can be easily achieved through certification and training from a reputed institute. The career opportunities for a well-trained SAP FICO is as endless as the companies that hire them the world over.

Why wait anymore? Aim at building your expertise on this global platform and prepare to take up job opportunities like Project Leader, Module Lead, Process Developer, SAP Functional Consultant, Manager Costing, SAP FICO Consultant, SAP FI Consultant, and SAP CO Consultant.

Good Luck!!!!

Recommended Reads

FAQs

Q-1. Is SAP FICO a good career option?

Ans-SAP FICO stands Financial Accounting and Costing is the highest paid salary with the very good growth rate. … But it is not that easy to get a job in SAP FICO as the competition is very high. The job of SAP FICO consultant symbolizes one of the most lucrative career paths in the market today.

Q-2. Is the Course on SAP FICO easy?

Ans-There are various ways in which SAP has been providing enhancements in Management across business and IT domains. SAP FICO aspirants have plenty to learn and many tasks to accomplish.

Q-3. What is the average Course fee of SAP FICO?

Ans-Certification fee for Associate level will be INR 39,326/- and for professional level the fee will be INR 56,180/- inclusive of current taxes applicable.

Q-4. Is the course of SAP FICO in demand?

Ans-Presently, SAP FICO is one of the demanding modules in IT industries and thus, there are plenty of job opportunities in this particular field

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42 Comments

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