SAP FiCo

What is SAP FiCo?

SAP FICO is a module of SAP ERP which is utilized for monetary revealing both remotely and inside. The goal is to record all monetary exchanges that are posted by an element and produce budget summaries that are exact toward the finish of the exchanging time frame. The SAP FICO full structure is FI (Financial Accounting) and CO (Controlling). This SAP FICO fundamentals instructional exercise will clarify the SAP FICO outline and the significant functionalities of the SAP FICO module. SAP FI consists of SAP FICO sub modules. The sub-modules that are regularly utilized are accounts receivables, accounts payables, resource bookkeeping, general record Accounting and bank bookkeeping. 

Every one of the submodules is interlinked and incorporated continuously. A preliminary equilibrium can be separated at a time, and it will consistently adjust in light of the fact that every one of the submodules is associated. The chart beneath shows the joining between FICO SAP modules. In SAP, a bunch of all broad record accounts utilized by an organization or a gathering of organizations is known as an outline of records. These are the records that will be utilized for the arrangement of budget summaries. The vast majority of the exchanges are recorded in submodules, and they are accommodated with the overall records continuously. 

Exchanges that should be possible in direct overall record Accounting incorporate diary vouchers which are presented on change or right exchanges. Inversions should likewise be possible from general record bookkeeping. Equilibriums overall record records can be displayed, and preliminary adjusts extricated from the framework. 

Why SAP FiCo?

These days, SAP has ended up being quite possibly the main providers of the enterprise programming application towards enterprise asset arranging. SAP has realized more than 9 out of 10 Fortune 500 associations. SAP represents Systems, Applications, and Product in information handling. It was established in the year 1972 and had dispatched different business arrangements that assisted to mastermind the association’s strategy. There are distinctive SAP modules that are created to complete different business measures. SAP FICO is one of the fundamental and most generally utilized SAP modules. SAP FICO module comprises SAP FI arrangement, SAP CO setup, SAP UI client and SAP CO client. The SAP FICO module is created to address the association’s deals so that it satisfies the outside announcing prerequisites. 

The SAP FICO programming helps in the convergence of distribution, deals, material administration, and buying and assists the client with getting down the extraordinary exchanges, regardless of whether it is a buy or a business request or development of material. Framework mix is probably the greatest advantage of SAP. SAP has given various commitments which have upgraded the professional vision of an SAP FICO advisor. The person who needs to begin their vocation as an SAP FICO expert requires having a piece of solid information on every one of the highlights of the SAP FI and CO module. Allow us to have an outline of the FI and CO module.

Why Elan Techlab?

Elan Techlab works towards enhancing the knowledge and abilities of the individuals and taking them close to their dream.  

1. The individuals get free and relevant study material and many essential tips that can be very helpful while learning something new.
2. The tutors are highly talented and professional who make it easy for the individuals to grab the new concepts and techniques. 
3. Both online and offline training facilities are present which makes it easy for the individuals to gain knowledge in their comfortable space. 
4. The learning environment is made such that all the students feel comfortable and confident in clearing their queries and experimenting their skills. 
5. We focus on one-to-one attention to ensure that each student is able to receive the best service available.
6. This course with Elan Techlab will be your leap of faith to ensure a brighter and successful future.

Learning outcomes 

1. Get detailed information about the subject matter along with essential knowledge about the syllabus. 
2. Increases the efficiency of the individuals to learn new things and gives them confidence.
3. Gain the required knowledge to get proficient with respect to the course.
4. Develop analytical as well as critical thinking skills.

Syllabus 

1. Introduction to SAP R/3
2. Financial Accounting Basic Settings
3. General Ledger Accounting
4. Accounts Payable
5. Accounts receivable
6. Asset Accounting
7. Basic settings for controlling
8. Cost element accounting
9. Cost Center Accounting
10. Internal Orders
11. Profit Center Accounting
12. Profitability analysis
13. Product costing