What is SAP FICO?
SAP FICO is a module of SAP ERP which is used for both external and internal financial reporting. This works to record all the financial transactions that are posted and produce statements of the same. This statement generated from the trading period is accurate.
The full form of SAP FICO is Systems, Applications, Products in Data processing- Financial Accounting and Controlling.
SAP FICO is made up of sub-modules. All the sub-modules are interlinked and integrated in time. The sub-modules that are often used are Accounts receivables, Accounts payables, Asset accounting, General Ledger Accounting, and Bank accounting.
The diagram below shows the integration between FICO SAP modules.
General ledger accounting:
The general ledger is a set of accounts that records the day-to-day transactions of a business entity by using the double-entry accounting method. Each transaction has two parts one is debit and one is credit and a total debt balance of the general ledger will always match with a total credit balance.
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 submodules and they are settled 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.
Balances in general ledger accounts can be displayed and trial balances can be removed from the system.
Transactions in accounts receivables include invoice posting, credit memo posting, down payments, invoice payment, dining, and executing customer reports.
Accounts Receivables is a submodule that saves 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 the general ledger are updated with the exact numbers.
Accounts Payables is a submodule that saves all transactions with vendors and manages vendor accounts. Separate vendor accounts are maintained and when transactions are posted in customer accounts, reconciliation accounts in the general ledger are updated with the exact numbers.
Transactions in accounts payables include invoice posting, credit memo posting, down payments, invoice payment, automatic payment program, and executing vendor reports.
Asset Accounting manages all transactions related to assets for an entity. When transactions are posted in asset accounts, reconciliation accounts in the general ledger are updated. Transactions in asset accounting include asset acquisition, asset retirement, asset sale, asset transfer, asset revaluation, and asset depreciation.
Bank accounting looks after all transactions with the banks. Bank reconciliation is done to reconcile all transactions recorded on bank statements comparing them to transactions in the system.
All SAP FI sub-modules are integrated and transactions are updated in real-time which means accurate financial statements can be extracted from the system at any time.
1. Henry Harvin Institue for SAP FICO Course
Henry Harvin is one of the top three certified SAP FICO Courses in the industry. It provides you with training, project, internship, certification, placement, e-learning, boot camps, hackathons, and gold membership are all in one. The candidate can attend multiple sessions with multiple trainers.
With Henry Harvin, you can access real projects with a guaranteed internship. You can also attend the monthly boot camp sessions. Along with career assistance, you will receive employment help and interview skills training.
You can access the recorded videos of SAP FICO classes, taught by your trainer and also taught by other trainers.
In case you missed the class, you can log in to your LMS (learning management system).
Trainers who teach this course are the most respected industry expert with more than ten years of working experience. After getting certified by Henry Harvin, you can be working at Gillette, Oracle, Airtel, Jet Airways, Maruti Suzuki, HCL, HP.
Applicants who have a degree in the field of B.Tech, B.SC, B.Com, or hold a master’s degree can go for this course. Henry Harvin has aided together with financing firms to give cutthroat money choices at a 0% loan fee with no secret costs no-cost EMI which is an extra advantage.
The SAP FICO training in Mumbai works with the Information Technology industry. Also, students can avail themselves SAP FICO Course in Mumbai with placement assistance. The training is commenced on workdays and weekends depending on candidate requirements. The trainers who will conduct the classes are industry experts holding more than a decade of practice in training.
They use ultra-modern I.T equipment with the latest version. The classrooms are well equipped with modern projectors, live racks, Wi-Fi, and a digital pad. Discussions and meetings are regularly conducted to enhance their learning and exploring abilities.
This institution also provides technical training with no-cost sessions, mock interviews, and presentation skills to develop a high level of student confidence. They also provide students with study materials which include books, soft copies of the tutorial in the form of PDFs, sample paper, technical and HR interview questions, and projects available on their website.
One important benefit provided by this Institute is students who enrolled in the SAP FICO Course can also avail themselves of a hostel facility at 4,500. APTRON’s have gotten numerous renowned honors from recognized IT accomplices and corporations.
The expert trainers are MNC working experts utilized in HCL Technologies, TCS, IBM, Birla delicate, Sapient, and Agilent advances.
This Institute has a successful 96% placement rate along with a dedicated HR wing that can assist students in securing a job. They also help in developing their resumes to get a good profile.
They provide placement to top IT firms like HCL, TCS, Wipro, Infosys and Accenture, and many more. They have many branches you can get in touch with a counselor and reach out to the nearest branch.
For the SAP FICO course if you can fast track it. Course duration is 8 weekends and 5 days. Apart from these other courses are also available like IT, Autodesk, Adobe, AutoCAD, QL server, Oracle, Cisco, PHP training, etc.
3. Quickxpert Infotech
You can take admission in Quickxpert Infotech for the SAP FICO Course. In this institute, the classes consist of 25% of theory and 75% practical. This foundation includes different lines of administrations which also has the training, placement, consultancy, and programming advancement.
You can try the free demo and get to decide whether they should go for offline classes or classroom training. You can get the details of the fee structure by sending a request on their site. It is ISO certified since 2014 with more than 30 courses with +700 companies and 1,000 trained till now.
They provide you with 100% job opportunities. Quickxpert helps candidates with resume building to interview preparation sessions too. They place at companies like Vensars Technologies, Navneet Infotech, Futurescape Technologies Pvt Ltd, Laurus Infotech, Qubit Colors, Prime Infotech Overseas, HexaTech IT Venture Pvt Ltd, NIIT, VRS Software, Elita, Welbourn, and many more.
As the classes are available online anybody can take this online SAP FICO Course in Mumbai. The other courses that are available here are Data Analytics, Digital Marketing, SEO (Search Engine Optimization), Oracle, Software Testing, Python, etc.
4. Tech Vidya
Tech Vidya is one of the best IT and software training institutes. They are in this field for the last 11 years and have gained well-defined recognition.
SAP FICO Course certification training here includes online and offline classes, 90 Hours of training with proper 100% Job Assistance. It delivers live project training as a part of the prevailing need and focuses a lot on placement.
They have designed the modules in a simpler form for students to understand better and implement them easily in real-life situations.
You can also get Instructor-led live sessions with practical assignments. You can experience the training based on real-life examples and also get access to free membership.
Their top placement partners are ACG Worldwide, Alembic, DHL, Capgemini, Essel Group, Godrej, Halma, India Bulls, Johnson, Nikamal, Reliance Capital, Mahindra logistics ICICI securities, Hindustan Unilever Limited, and many more.
Tech Vidya also provides you with the study material, assignments, projects, Expert mentors, grooming sessions to help you with interview calls and assist you till placement. You can give assessments online and also receive your content and syllabus. Training is held by certified and professional skills trainers. You can also learn Cloud courses, Digital Marketing, Graphic Designing Certification, Web designing, and many more.
Tech Vidya learning collaboration partners are Tally Power of Simplicity, IBM, Microsoft, Hierank, and Business School. You can also get Global Certifications with Google, IBM, Microsoft, Autodesk, Amazon. Web services, Oracle, Salesforce, Citrix, CompTIA, and Red Hat.
5. SAP Training Institute
SAP offers complete training for the SAP FICO Course along with other SAP modules like SAP BO, SAP ABAP, SAP HANA, SAP Basis, SAP CRM, and many more. This institute has a motto for Course SAP FICO that is “learning by doing”.
The Course SAP FICO is planned as per the latest industry trends and sets the syllabus keeping in mind the professional requirements of the learners so that the students can get placed in reputed multinational companies.
If some people are working and do not have much to wait can go for the Fast Track Training program which is 6 hours daily, regular Classes are held in the morning, day, and evening for two hours.
If you wish you can go for weekend training classes which are on Saturday, Sunday & Holidays for 3 hours a day. The course is conducted by a trainer who has 7+years of experience and professional expertise to manage real-time SAP FICO projects.
SAP FICO Course in Mumbai is available but online only. The lab is available 24/7 in the institute. You can use the SAP server access outside the training center. The office staff is available on all 7 days so anyone can easily get all the details for SAP FICO Course.
If students want, they can also repeat their classes. If students want they can go for one-on-one trainers. The mode of payment is Cheque, cash, credit card, DeFICOT card, and net banking.
6. Lithan Genovate
Lithan Genovate academy got established in 2001 which provides various certificate courses along with MBA/PGDM. This academy offers you comprehensive training in SAP FICO.
It is a placement institute in Andheri East, Mumbai. Lithan Academy is Entrust certified by the Council for Private Education (CPE).
The training is Instructor-led training, a full-time program. Timings of the classes are Monday to Friday 9.30 to 5.30. They provide students with e-learning and study materials learners. Exams are conducted regularly within two weeks of completion of the topics. They have a Weekend training batch too.
If you want to go Online Training then the program is for 200 hours which will be for 5 months. They have a cafeteria, free wi-fi grounds, AC homerooms, and Labs, for students who are going for offline training. One who wants a beautiful surrounding with advanced technology and stays in Mumbai can surely go here.
Lithan Genovate gives feasibility to complete the training at your own pace & time. They have the largest network of authorized SAP training centers, not only in India.
This institute provides placement to companies like Mahindra Satyam, Eristlecome, Capgemini, L&T and L&T Infotech, Wipro, John Deere, Deloitte, Thomson Reuters, KPMG, HCC, Atos Origin, Raymond’s, Fujitsu, and more.
7. S SQUARE TECHNOLOGIES
S Square Technologies, based in Bangalore is a developing Training foundation that has various sections of SAP which include ERP preparing, SAP preparing, programming, and corporate preparing.
They provide placement in companies like Honeywell, Tech Mahindra, HCL, IBM, Wipro, Videocon, Asian Paints, Hero Honda, Nestle, Jindal Steel & Power, Glenmark, many more.
Courses offered here are, Technical Module which includes SAP ABAP, SAP Workflow, SAP Basis, SAP PI, SAP CRM, and techno-Functional Category which The SAP FICO training include SAP BODS, SAP ABAP-HR, SAP HANA.
S Square Technologies is the leader in providing online training for SAP FICO and other domains like Adobe, Java, CAD, etc. The online SAP FICO training is developed according to the current growing demands and challenges of industries.
The candidate can walk down to their convenient place for an offline course. And those who want can take online classes too. The applicant can make payment via cash and cheque only. They operate on Sunday as well for a few hours. So, it is an advantage for students and working people.
The management also provides very helpful study materials. The institute helps you with training, providing a module and arranging an interview, and also cracking them. If you want to attend this SAP FICO Course in Mumbai, you can do it online.
8. ERP Bytes
ERP Bytes is one of the best SAP FICO Course training which provides 100% placement. In this center, you can experience the best faculty and get a chance to learn from the experts. The lab is well equipped and has the best infrastructure required for S4 HANA courses.
The Placement Assistance Program (PAP) assists the student in transforming into professionals. The organizations where they recruit the students are Shyam Steel, Wipro, Vedanta, Tech Mahindra, Tata Tea, Kothari Metals Limited, TCG Life Sciences, and many more.
The training for the SAP FICO course is divided into three levels. The maximum number of students allotted to each batch is 10 and the duration is 28 weeks.
They also have an option to arrange classes on flexible schedules. The training is conducted in a classroom. Students will get access to the most updated ERP/SAP software along with interactive sessions.
You can also learn ERP /SAP BW 7.4 with ERP SAP HANA 1.0, SAP Simple Finance S4 HANA, SAP ABAP, SAP Simple Logistics S4 HANA, SAP MM, SAP HR, etc.
Coursera.org provides classes online for SAP FICO courses. You can access the sessions on your device. Coursera has 150+university partners. They have collaboration with the top 200+ leading universities and companies like the University of Michigan, Google, AWS, IBM, Facebook, Stanford, ISB, Indian Institute of Management, Penn-University of Pennsylvania.
As it is an online course, it is one of the most prestigious and widespread online educational forums. It is legit as more than 5,300 courses are available online with many specializations and full-length degrees.
Some professional courses, for which you may need to pay for the certificate only as most of the courses are free.
Coursera courses are certified by the best global universities. Its certificates are recognized by many companies. It provides hands-out verified certificates and real-time degrees that can be a great boom for your career.
In addition, students have the option on Coursera which will give you the ease for obtaining a certificate on successful completion of the course. Candidates can also learn ERP (Enterprise Resource Planning) rated 4.8.
This course provides you with an understanding of what ERP is and how it helps us on a real-time basis. Students can also take the Supply Chain Principles course online rated 4.6.
10. Udemy, Inc.
Udemy is a better option for people who are working in an organization. People have no time to attend any classes and do not want to invest a lot of money.
Udemy is a web-based learning and showing commercial center with more than 155000 courses and 40 million students. Learn programming, information science, data innovation, promoting, and some more. Candidates can get free resources from business leaders to guide their organization towards its objectives.
You can learn skills that are in demand with over 155000 video courses at your workable time from anywhere. You can choose courses taught by professional experts.
An added advantage is that you can access the portal from anywhere with lifetime access on mobile, desktop, and laptop. These courses are available online so anybody can attend. The top companies who choose Udemy businesses to build in-demand career skills are Apple, Box, Netflix, Eventbrite, ABN-AMRO, etc. You can learn Python, digital marketing, and many more.
Above are the suggested best 10 organizations that can help you in learning the SAP FICO Course. These centers even provide placement after the completion of training. The course SAP FICO is not that easy but not impossible either. A career in SAP FICO is actually in great demand.
Many big brands are looking forward to hiring such talent. If you come from a finance and accounts background it will act as a boom. SAP FICO course in Mumbai can be taken online at one convenient time. They are the same as the certificates provided for classroom or online training.
SAP FICO helps an organization to store a complete version of their financial transaction information. To be specific the purpose of SAP FICO is to assist and help the companies in generating and managing the details of their financial statements for analyzing and reporting. In the future, it helps them to plan business and make decisions based on the current market situation.
The name of the modules in which Financial Accounting is included are
Human Resource Controlling of financial transactions Sales and Distribution Material Management Production Planning.
Document type in SAP interprets the range of reports. It is used to control the types of accounts for example assets, customers, etc.
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