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SAP FICO is a viral SAP module. Numerous businesses rely on SAP FICO to manage their financial data. FICO comprises two modules: SAP Financials(SAP FI) and SAP Controlling(SAP CO). FI modules help in Financial accounting and reporting, and the CO modules participate in cost control and financial planning. SAP FICO Training certification training includes classroom-based SAP certification training and SAP certification training online. We will check out both in this blog.

The top 10 SAP FICO training online are as follows: 

1. Henry Harvin

henry harvin logo

This is one of the most prominent SAP FICO training institutions online. It is one of the world’s largest training institutions and offers various courses in several subjects. The Ministry of MSME has appointed Henry Harvin as a registered trainer. Higher Education Digest ranked Henry Harvin’s SAP FICO course as the finest in India. The institute offers various innovative tools and comprehensive teaching materials. 

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The course includes 13 major modules and two supplementary modules

• Module 2 introduces ERP software, while modules 3,4,5,6,7 cover various aspects of financial accounting.

• Modules 8 through 13 go over specific SAP-CO-Controlling processes.

Apart from classroom-based instruction, the SAP FICO course in Delhi also provides access to e-learning. The students can access various study materials via e-learning, including recorded videos, games, projects, and case studies. The students can also take advantage of monthly boot camp sessions held regularly under the supervision of field experts. 

The following are some of the benefits of certification with Henry Harvin: 

SAP FICO graduates receive 100% placement support and internship opportunities. Students receive hands-on instruction through industry projects. Additionally, students can enroll in different batches and work with different trainers. Additionally, students may enroll in an unlimited number of repeats of the accredited SAP FICO Training course throughout their membership tenures. Along with these perks, a complimentary one-year subscription to the Henry Harvin LMS (Learning Management System) is included. 

The faculty for the SAP FICO course includes the following: 

The course instructors are renowned industry professionals with years of experience, having delivered countless lectures and being recognized for their professional work by numerous organizations. 

Duration of the course:

The course is 44 hours long and includes instructor-led instruction and certification. Following that, 12 months of 24-hour boot camps are undertaken. 

Fees for courses: 

The cost of the self-paced course is Rs. 26550. The live online classroom model costs Rs. 29550/-.

Students will be able to hone their financial accounting and control skills through the SAP FICO training course in Delhi. Additionally, the training will ensure a seamless experience with the SAP FICO software. 

Henry Harvin teaches the SAP FICO course online. Additionally, Delhi, Hyderabad, Mumbai, Gurgaon, Pune, and Indore center-based training are also offered.

The following video provides an overview of SAP FICO training at Henry Harvin

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

2. Udemy 

Udemy is a well-known online education website that offers SAP FICO courses in India. The institute is responsible for both the configuration and end-user activities associated with the SAP FICO module. I’d like to inform you all that the course offered by UDEMY will assist you in comprehending how the desired business process operates on SAP business analysis in order to optimize all financial activities. Additionally, the course will require students to have a fundamental concept and knowledge of accounting and financial business processes. 

Additionally, the course will educate students on all end-to-end implementation methodologies for installing SAP FI and CO modules in any business, while emphasizing the necessary documentation and methodology for SAP FICO projects. 

The best aspect is that Udemy provides you with unlimited access to the course materials, including articles, via mobile or television. Additionally, Udemy offers a 30-day money-back guarantee. 

3. Chandigarh-based WE Excel Edutech, Pvt. Ltd. 

based WE Excel Edutech, Pvt. Ltd.  logoThis is one institute that ranks among the most successful and best SAP FICO training institutes in India. Additionally, the organization is participating in a number of projects, including IT services and administration solutions. If you’re looking to boost your pay by a few magical zeroes, SAP certification is the way to go. 

We Excel is committed to smoothly merging real-world enterprises and the virtual world through the provision of transformative solutions to clients. They believe in challenging established industry patterns in order to develop coherent and convergent technologies that provide value to businesses and revolutionize operations in a sustainable manner. This enables firms to bridge gaps between themselves and their customers while also lowering operational costs. 

4. Bangalore-based Willsys Technologies

based Willsys Technologies logoWillys Technologies is also one of the leading providers of SAP FICO training in India, having been founded in 2002 by a group of exceptionally brilliant software personals. Specialized training courses are designed to prepare you for a successful career in the information technology and management fields, regardless of whether you are a new student or a seasoned professional. 

• The institute enables businesses to quickly and easily locate qualified people, as well as job seekers to find suitable positions.• The institute offers a variety of career-oriented SAP FICO courses in India for a wide range of audiences, including students, job seekers, and corporate citizens.

• The institute’s facilities also include resume development, career counseling, and interview handling sessions for the benefit of students. The institute’s mission is to employ the best business practices to deliver solutions and cost-effective services in business domains such as competency development and training, consulting, application maintenance and support, offshore development, and project implementation. 

5.   Bangalore Sapware Technologies India Pvt. Ltd.

Bangalore Sapware Technologies India Pvt. Ltd. logoSoftware technologies are promoted with the goal of providing you with the most comprehensive training options on the market. 

The software team consists of a diverse range of abilities, personalities, and perspectives that contribute significantly to the overall delivery of training procedures. 

Their institute has worked with start-ups as well as large multinational corporations. The institute is committed to combining all available abilities and experience in order to qualify, quantify, and maximize output.      

6.TechVidya 

TevhVidyaTechVidya is one of India’s oldest computer education institutes, located in Sector 15, Noida. In the previous five years, it has established a distinct reputation for providing the sector with high-quality personnel. 

All SAP FICO-related concepts are discussed in a more basic and practical manner, including relevant examples. These SAP FICO online training courses in India assist applicants in quickly and easily grasping the whole SAP architecture. The Techvidya SAP FICO online course has been designed to equip you for entry-level and advanced-level employment opportunities in technical and functional fields. 

7. GangBoard’s online SAP FICO

GangBoard's logoThere courses are among the best in the world. When you become certified, Gangboards will teach you SAP FICO fundamentals such as general ledger accounts, cash accounts, and bank accounts. You will spend 30 hours in total on the course, 15 of which will be spent on tasks. The instructors are well placed in their fields and will aid you in obtaining 100% placement as well as theoretical knowledge that will enhance your career chances. 

Additionally, you will acquire insight into electronic bank statement objects, payee note interpretation, bank statement overviews, and application enhancements. Additionally, you’ll find several videos, lectures, quizzes, assignments, and practice exercises for SAP FICO Electronic Bank Reconciliation, all of which are meant to ensure that you have a firm grasp on the subject. 

The course lasts 30 hours. 

Fees: INR 30,000  

8. Kits for Online Training

Kits Online Training logoIt is also a well-known college that provides SAP FICO courses in India to people from all over the world. After completing the course, you will receive a live demonstration of each topic from the qualified teachers, as well as access to each session via the LMS. 

During the SAP FICO online training session, students will acquire all of the prerequisite knowledge necessary to become a certified master in a variety of FICO areas, including general ledger accounting and bank accounting, accounts receivable and payable, and actual cases. 

9. Ravh Information Technology Solutions, Inc.

Ravh Information Technology Solutions, Inc. logoThis is one of the best Ravh IT Solutions for SAP FICO online training with qualified professionals. After completing the SAP FICO course, you will have a firm grasp on the core certification, which certifies a candidate’s knowledge and skills in SAP Financial Accounting. 

Through experienced career guidance, Ravh IT Solutions presents a straightforward SAP FICO course online that can enhance your profile and, through experienced career guidance, will assist you in becoming discovered by leading firms. Additionally, by collaborating with highly experienced, certified industry specialists, you will receive access to 15+ in-demand technologies and talents. 

10. Multisoft Virtual Academy 

Multisoft Virtual Academy logoThe Multisoft Virtual Academy offers SAP FICO courses online, preparing students to interact with the SAP ERP program and assist any of the specified enterprises in managing their financial accounting and regulatory activities more effectively than ever before. Participants learn how to prepare balanced and reconcilable financial statements for an organization as a whole or for a specific unit, such as a profit center, regional office, or continent-based department.

 Individuals who complete this course will gain an understanding of accounts receivables (AR), accounts payables (AP), and other financial principles, as well as interest computation, payment terms, and carry-over balances. Learners acquire, allocate, and analyze expenses in order to calculate earnings from the various market and consumer segments. 

11. Ingrow Soft

Ingrow is the institution with the second-best SAP FICO course in India. It is regarded as one of the top training facilities with premium quality SAP FICO full form -FI (Financial Accounting) and CO (Controlling). It is affiliated with leading multinational corporations and provides training worldwide.

The Ameerpet, Hyderabad-based college offers instruction in various SAP courses, including SAP ABAP training, SAP FICO training, SAP MM training, and SAP HANA training. It also guarantees placement aid at 100 per cent. Therefore, anyone interested in training from a leading SAP FICO course should consider this option carefully.

12. Techno Pad

Techno Pad is the top-ranked institute in India’s top ten SAP FICO academies. The institute addresses all SAP FICO-related topics, including SAP FIORI. Moreover, this firm offers the possibility of a free trial lesson, which is an intriguing feature. You have an excellent option since you can attend the demo session and then determine whether or not this course is right for you. Therefore, this is a perfect option if you want to attend a leading SAP FICO Institute. SAP FICO full form is FI (Financial Accounting) and CO (Controlling).

13. My Learn Nest

According to its website, this institution is the leading training academy in India, offering numerous software-related courses. In addition, they provide SAP FICO full form FI (Financial Accounting) and CO (Controlling)training with placement support. The institute is the best SAP FICO institute in Hyderabad, having trained more than 350 students. This SAP FICO course is two months long and costs Rs. 20,000. They provide both online and offline classes, but only during the weekdays. If you like to enrol in this course, you can receive a free SAP FICO demo class. In addition, the course provides real SAP FICO experience through live projects, case studies, etc.

14. Index IT

This is the best SAP FICO training institute in India. The trainers at Index IT are the most qualified and knowledgeable professionals in the market and are current with the latest industry advances. They facilitate the rapid learning of the SAP course by the pupils. This institute also provides instruction for all other SAP modules. They have partnered with top multinational corporations and give 100% placement support to students. The time and cost of the SAP FICO full form FI (Financial Accounting) and CO (Controlling)training are not specified. However, they claim to provide SAP training at reasonable rates.

15. AVINA TECHNOLOGIES

Avina Technologies has the second-best online SAP FICO training course. The institute is located in India and has an excellent training track record in this field. The education offered by the institute lasts approximately three to four months and costs about twenty thousand dollars. Those interested in receiving instruction from a premier SAP FICO full form FI (Financial Accounting) and CO (Controlling)school may also choose this option. The institute is renowned for providing students with adequate finance and controlling training. It also offers excellent training for first-year students with a superior placement record. Overall, all students are pleased with both the course and the institution. Those seeking a leading SAP FICO education can also consider this choice.

More about SAP

Applications and Products from SAP systems are critical components of ERP software and related enterprise applications. From a modest start-up to a vast international corporation headquartered in Germany, SAP has expanded exponentially. 

An organization’s ERP system is critical for customers to conduct business-related tasks such as accounting, sales, production, human resources, and finance in a coordinated and integrated manner. 

The organizations connect SAP processes to enable data exchange between SAP components and manage financial and legal processes. 

Small and medium-sized organizations primarily use SAP.  

SAP Financials (Finance)

SAP FI software manages all financial transactions and various other data. Additionally, the program generates financial statements. Like banks and tax agencies, numerous institutions rely heavily on SAP FICO. 

SAP FI has the following modules: 

1. General Ledger: The companies frequently use General ledger accounts for reporting purposes and generate an exhaustive report for internal and external accounting purposes.

2. Accounts Receivable: The Institutes frequently use accounting software programs for handling client accounts and transactions. Accounts receivable transactions include invoices, down payments, credit memo postings, and customer reports. 

3. Accounts Payable: The companies maintain vendor accounts and document all vendor transactions. Invoice posting, credit memo posting, down payment, and invoice payment are all instances of performance payable transactions. 

4. Asset Accounting manages transactions and the company’s assets. The typical examples include various fixed assets, such as land, heavy equipment, and buildings.

5. Bank Accounting records all bank transactions and consolidates all transaction data into the bank statement. Additionally, it compares and correlates the data with the system’s stored transactions. 

SAP Financial Execution

The companies must configure SAP FI before adopting SAP FI and importing all financial statements. They also need to post the documents after completion, enabling them to easily track financial transactions and provide financial reports after the fiscal year. 

SAP Corporation (Controlling) 

This module oversees, controls, and optimizes business processes, contributing to effective financial planning. Companies should compare their anticipated financial data to their actual financial data to identify discrepancies. 

Submodules for SAP CO

1. Cost Elements: It reflects the various costs incurred by the business and the source of those charges. It assists in estimating the company’s costs and income. 

2. Cost Center Accounting: This accounting method keeps track of expenses incurred by the company’s internal departments. Thus, the cost center encompasses only costs and excludes income. 

3. Profit Centers: This is a consolidated account of the company’s expenses and revenues by business line. 

4. Internal Orders: This module keeps track of the costs associated with smaller internal initiatives. 

5. Profitability Analysis: This sub-module analyzes the company’s profit and loss. 

6. Product Costing: This model takes care of the costs associated with the company’s goods and services. 

SAP CO implementation

SAP CO assists businesses in managing their company information database. The SAP CO implementation is flawless, resulting in accurate business reporting and decision-making. 

In conjunction with other SAP modules, SAP FICO is responsible for various components, including quality management (QM), sales, and distribution (SD). Material management (MM), planning of production 

The Benefits of SAP FICO 

SAP FICO enables one in securing a position as an SAP FICO consultant in MNCs. The SAP FACO certification training offers the candidate various specialties like sales and distribution, manufacturing, and material management. Strong core knowledge of SAP FICO enables considerably more effective reporting and financial accounting. 

SAP FICO eligibility criteria for SAP primary module enrollment are not specified, as SAP SD certification does not require specific standards. Certain SAP ERP certification modules demand prior job experience in a particular industry. An engineering graduate with at least two years of relevant work experience may enroll in SAP MM, PP, and PM modules. However, SAP FICO certification requires a commerce degree or MBA certificate. 

The advantages of SAP FICO certification 

Several key benefits of the SAP FICO module include the following:  

•Improving internal financial operations and Keeping the user informed of current economic trends.

• Stay current on the latest software solutions for managing economic activities within the firm.

• SAP enables the company to obtain excellent technical support.

•SAP FICO training enables businesses to operate more efficiently and expand. 

•The SAP FICO certificate enables you to develop new skills and advance your career. 

•SAP FICO training contributes to professional development and increases career opportunities. 

• Better coordination across multiple activities results in a more seamless business operation.

ERP Importance: ERP’s significance stems from its ability to help businesses improve their internal procedures and overall functioning. Additionally, ERP saves other costs, such as labor and information technology. Further, the contact between employees and organizations is greatly enhanced. 

Among the disadvantages of ERP are the following: 

1. Exorbitant purchase prices

2. Expensive implementation and maintenanceNevertheless, the program 

3. Difficult customization processes

4. The software’s complexity 

SAP Advantages: SAP includes functional and technical modules. SAP is a reputable global provider of enterprise resource planning (ERP) systems and offers a straightforward and cost-effective method for implementing an ERP system. 

  Management of Human Resources (SAP HRM) 

  •  PP (Sales and Production Planning)
  •  MM (SAP FSCM) (SAP MM) (SAP MM) (SAP MM) (SAP MM) (SAP
  •  SD (Sales and Distribution)
  •  Project System (SAP PS);
  •  Financial Accounting and Controlling (SAP FICO); 
  • Plant Maintenance (SAP PM)
  • Quality Management (SAP QM)

Technical SAP ERP Modules Include:

 -SAP Basis, SAP Security, Advanced Business Application Programming (SAP ABAP), SAP HANA, SAP NetWeaver, and SAP IS

– Customer Relationship Management (SAP CRM Technical module) •   -Exchange Infrastructure (SAP XI)

SAP FICO is an acronym for Financial Accounting(FI) and Controlling(CO). All widely used sub-modules, such as accounts receivables, accounts payables, asset accounting, general ledger accounting, and bank accounting, are extremely well linked and operate efficiently. SAP FI is responsible for comprehensive financial reporting and accounting, whereas SAP CO is responsible for cost planning and monitoring. 

SAP FICO- The Importance of  Its Implementation

Businesses must manage a high level of complexity in their business processes in today’s world. This has resulted in their requesting additional tools to assist them in running their firms more efficiently. Apart from assisting you in running your business today, the right software can always keep you on the cutting edge of technology.

SAP FICO enables businesses to properly manage their financial resources and costs. These mechanisms have a considerable impact on corporate operations, resulting in a variety of beneficial changes. 

Additionally, SAP FICO is easily integrated with other SAP modules, such as sales, distribution, and material management. It can be used to manage accounts payable and receivable, bank accounts, general ledgers, cost and profit centers, as well as numerous financial assets.

As a result of these instances, firms have been aggressively integrating this module into their operations and are actively recruiting skilled individuals familiar with it. Because enterprises rely largely on the SAP FICO module, demand for SAP FICO consultants has increased significantly. 

Before using SAP FICO productively, individuals must have a basic understanding of SAP financial accounting.

•The finance module communicates with the rest of the SAP system. 

• Become acquainted with SAP Financial Accounting;

• SAP FICO module’s critical elements include Sub-Ledgers, Accounts Receivable and Payable, Asset Accounting Roles, and SAP FICO Consultant Responsibilities are just a few of the  

Summary

For those involved in financial and management accounting, the SAP FICO training will improve their professional skills and expand their perspective on business operations and strategic approaches. If you want to advance your career by taking on extra management responsibilities, you should master SAP FICO. Acquire mastery of the SAP FICO application by completing a number of training modules and certification programs. By studying SAP software, you have access to a new universe of potential. 

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FAQs

Ques 1. What type, of course, is SAP FICO?

Ans. SAP FICO is a certificate program.
SAP FICO places a premium on SAP ERP’s Finance and Cost Control module. The courses are available both in-person and online.

 

Ques 2. Why is SAP FICO training necessary?

Ans. SAP FICO is unquestionably one of the greatest courses for securing decent positions in multinational corporations and launching a career as a SAP FICO Consultant. 

 

Ques 3. Is SAP FICO complicated to comprehend? 

Ans. True, obtaining SAP FICO certification is a demanding task. It will be easier to understand for those with an accounting or finance background. 

 

Ques 4. Which aspects comprise the SAP FICO course curriculum?

Ans. The SAP FICO curriculum is divided into two modules: SAP Finance (FI) and SAP Controlling (CO). 
The training covers a variety of topics, including an introduction to EPR, financial accounting settings, ledger accounting, accounts payable and receivable, asset accounting, reports, control basics, internal orders, profit, center accounting, COPA reporting, and integration. 

 

Ques 5. Does SAP FICO need the student to have coding skills? 

Ans. SAP FICO requires no coding. SAP FICO is responsible for system administration. 

 

Ques 6. What are the organizational elements unique to SAP FI? 

Ans. The Company Code, the Business Area, the Chart of Accounts, and the Functional Area comprise the organizational elements of SAP FI. 

 

Ques 7. What are SAP FICO’s primary applications? 

Ans. SAP FICO is most effective when used to manage critical financial operations for the business, such as asset and cost accounting, consolidation, and real estate.

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