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What exactly is SAP FICO?
I am an electrical engineering student and interested in computer programming, recently I heard about SAP and its various opper... MoreAshik Chollangi, Sap labs India in Bangalore is veey good.281 Views • Ashik has 30+ answers in SAPSap is a ERp software by which you can control everything in the company. For a simple example, I would like to give you DELL online sales procedure. In DELL website onceyou add the laptop you choose in cart, before clicking the Final Order button you will be given the delivery date. That means everything in the company is perfecty planned for your laptop on that particular delivery date. Lets consider you placed your order for laptop.Now, lets dig deeper. First, once the orderis confirmed Finance team will get a transaction notification that so-nd-so order is placed and now DELL is liable to you as a customer. So, in sap Sd (sales module) a transaction will be generated called sales-order. It raises a stock-check whether laptop you had ordered is there or not in Sap Warehouse Management(wm module) . If its there, then your order will be filled with your Material (laptop) in Goods-issue. Once goods-issue is done then Sap logistics module gets intimation tht there is a order delivery before a particular date. Once deivery goes out, sap records that delivery transaction is done from a particular storage loction or warehouse by a particular driver from a particular gate. Once delivery is confirmed, your order is given over to finance teams. Finance teams uaing Sap fi(finance module) will post your order as revenue.If laptop is not there in stock after you placed your order, then situation is big. Once, stock check is done in sap wm (warehouse management module) and there is no stock available then it will intimate sap pp (production planning module) to make a laptop. This pp module is for production department. Once pp module gets a request to make a product, it will ask sap mm (material management module) to give all the raw materials needed for your laptop like complete nuts, bolts, ram, plastic casing, screen, processor etc.. If any of these raw materials are not vailable then sap MM person is suppose to get them immediately from vrious vendors. Normally, for a single bolt there will be thousands of vendors listed inside MM module and also raw material should pass quality checks by their machine or else mm module will reject the item automatically. So, Dell will buy ram from samsung, processor from Intel etc for your order. Once, all the raw materials are confirmed a production-receipt is generated to commence production. Once sap pp confirms the completion of making your laptop, Sap wm module will get notified as your laptop now avilable. When your laptop is available, the sales-order which was raised in sap sd module will get goods-issue done which means for your order laptop is kept aside. Sap logistics raises delivery-note saying your order is being delivered and as you know the remaining story is same as above pra again.So, what is SAP?? It is an enterprise resource software which can completely digitalise any particular business processes combining all the departments in an company like sales department, finance department, production department, inventory department, logistics department, etc in to a single server. By the wy, there are mny companies in this world and everyone's business process is not same. In some companies goods-issue is done automticlly while in other it is done once a month to all the sales-orders manually. In other scenario, one company completes finance transaction once delivery note is done accounting teams i. e, sap fi module records the transaction as revenue automatically while in other company all revenue posting is done once per month. Using erp softwares you can acheive such a flexibility and sap is pioneer in it.In my answer i pointed to some modules but in Sap erp product there are multiple modules like banking, treasury management, etcc.. All-in-all there are about 50± modules right now. It depends on DELL as customer to buy and use them or not. There is no rule that a particular module will land a job in Canada or USA. It all boils down to your skill and expertise along with the need of your project. If your USA-client wants you to be in USA even though you have just 2 years of exp, your company will sponsor your visa. Sometimes, even after having 5-8 years of experience your client might not be interested to have you onsite due to costs. So, you have to prove the skills and experience in the project. There is no rule that a person who has MBA in finance should pick only SAP fi (finance module), being an MBA you can choose any business functionl module unless you are good in basics. Being a technical person, you can choose various technical modules like abap, bw, abap+hr, hana etc..
What are the future opportunities of starting a career as a SAP FICO consultant?
Overview:The abbreviation of SAP is Systems Applications & Products. SAP FI and SAP CO is a two module of SAP which abbreviated as SAP Financial Accounting(FI) which covers the basic accounting business functions. It helps one to get real-time financial position of an enterprise in the market and SAP Controlling(CO) refereed as Managerial Accounting which covers business functions. It involves methods to view and organize costs that are required for financial reporting. Controlling module enables one to plan, track, perform and report about costs where real time financial transactions are integrated with various parallel SAP modules for best results.Why you choose SAP FICO as your career?Now a days the job of a SAP FICO consultant is like one of the most remunerative career paths today and it is very preferable career path mainly for professionals from finance and accounting sector. The external reports generated with the help of SAP FICO are being increasingly utilized by stock holders, banks, managers, administrators and tax authorities in line with their specific requirements. It will make you capable of better handling of company accounts and will offer you a highly advanced approach to financial transaction reporting. Organisations are developing day by day and more organisations are implementing SAP system, So coming year it will be a huge demand of SAP FICO which is good for your career and it is one of the highest paid SAP module.SAP training is constantly getting updated with the latest technology and methods of operating specific aspects of business. At the period of SAP training you have to spend as much time as possible to learn and it is very cost effectively. In corporate training they provide both in-class and online training. The SAP FICO trainingwill help in enhancing and sharpening the skills of an employee.How to approach the Institutes?Generally people will call institute and ask the cost of course but I think that doesn't give you best solution. First inquire at least 5–6 institutes formally, ask them like “Can you please email me next demo details?” to arrange a live demo with their trainer. Check that trainer should be experienced, working Consultant and friendly person. Ask your questions, listen how they are teaching. Then negotiate price, don't pay without proper confirmation about the trainer. Try to attend 1–2 free sessions. Every Institute surely offer some discount Then decide to join or not. This way you won't get cheated by fake institutes.If any institute say that we'll surely show you job or job placement guarantee then taken a guarantee from them else it's fake thing, waste your time.Im already a working IT professional, does it suits to me?If you already a working professional in Accounting sector, Then it will be good for you to move to this technology because it won't affect your current salary.What if I am a fresher?If you are a fresher then better to start as a newbie and allot ample time to learn things.Note: Information I shared here is collected from my personal experience or gathered from sources. I'm not recommending any person or group intentionally and have no advertising goals.Disclaimer: All views on this post expressed are my own and do not represent the opinions of any firm or entity whatsoever with which I have been, am now or will be affiliated. Information provided by me is for informational or knowledge purpose only.
Doing SAP Fico course from ATOS, Hyderabad . Does Atos provide 100% placement assistance?
According to me doing SAP FICO is a good module..i too looking to move on that module…because i like to handle financial process.Anyway When you try to studying a course over SAP Module you should be aware of Best trainers rather than best institutes…because trainers only gonna teach you not a institute..and i did my training from the person Mr.karthick he have more than 7 years of experience in SAP Module..and his class you no need to take notes because everything is in practical manner…So for SAP module you should aware of practical knowledge and you should get real time hands on training..then only you can able to place in a company in few days.According to me these are the institutes which provides real time hands on trainingcodedion technologies-9003085882creating experts-8122241286
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