SAP FICO Training in Chennai

The SAP FICO module is a well-designed module that covers practically all business processes in a wide range of industries. This module is widely implemented in SAP and is the best design module for reporting each externally and internally accounting process. The primary objective behind this is to collect and record all of the financial transactions which can be published by an entity and produce financial statements which are accurate at the end of the trading period. SAP Financial Accounting offers distinctly incredibly complex techniques for finance-related transaction reporting and better handling of records and accounts. It is most appropriate for specialists who have a desire of excelling in the field of finance and accounting. These days many banks, administrators, tax authorities, stockholders, or even managers are using and making use of the external reports generated by SAP FICO with their particular requirements. SAP FI integrates numerous modules and generates a single machine for the whole organization. The SAP controlling module focuses on information for internal users, whereas SAP FI draws data for external reporting procedures. The SAP FICO module enables corporate managers to gain real-time access to the firm’s financial condition by addressing all of the organization’s accounting and financial needs.

SAP FICO Course in Chennai

We provide beginners the possibility to increase their skill-set in SAP FICO with practical-orientated instructions through our SAP FICO training in Chennai. Also, this course is handled by experienced certified trainers which will help you to gain functional as well as technical knowledge in SAP FICO. Our SAP FICO Training program syllabus is designed by industrial experts. After completion of SAP FICO Training in Chennai, we assure you will get expertise in SAP FICO concepts. Enroll and get started with our training program to begin a career with SAP FICO.

Introduction to SAP FICO:
SAP FICO module stands for Financial Accounting (FI) and Controlling (CO). These modules of your ERP solution that has been designed to fulfill all accounting and reporting requirements. With just a click of a button, you may acquire information, analyze, prepare financial statements, reports and generate charts that can be provided to the management with greater accuracy and relevance. It helps you perform all of the accounting and controlling responsibilities on time. Both the FI and CO modules keep huge quantities of financial data and the required tools that assist you in appearing the various transactions, generating beneficial reports, and maintaining a highly reliable financial system.
SAP FICO can be integrated with other SAP Logistics modules, like –

• Sales and Distribution (SD)
• Quality Management (QM)
• Production Planning (PP)
• Materials Management (MM)
• Plant Maintenance (PM)

Benefits of SAP FICO:
The most beneficial advantages of using SAP FICO are –

• It generates all of the accounting data of a business in one place for dealing with finances
• Other SAP modules consisting of Material management and Production planning can be included with this SAP FICO for making important decisions
• All transactions generated in the logistics department can be published in real-time to the Financial Accounting modules. This allows in handling accounts better and storing these transactions properly
• The SAP FI module can be used to efficiently automate credit management and collections.
• SAP FI enhances the accounts payable and accounts receivable functions by imparting easy invoice payments
• Companies can manage their company’s cash across countries using SAP FI
• Cost planning, monitoring, and reporting are all easier using SAP CO.
• SAP CO offers procedures for analyzing and observing overheads required for economic reporting
• The SAP FICO software assists companies in enhancing financial operations

SAP Financial Accounting (FI):
The SAP FI module records and controls a company’s financial activities in real-time daily, as well as generate financial statements for external reporting.

Sub-Modules of SAP FI

• General Ledger Accounting – All the postings which can be performed in SAP are recorded through general ledger(G/L) accounts. Accounts Payable – Accounts payable collects and maintains all the transactions related to vendor accounts. Accounts
• Receivable – It records and maintains all of the transactions associated with customer accounts.
• Bank Accounting – It deals with all of the transactions of payments like incoming payments, outgoing payments.
• Asset Accounting – SAP FI-AA sub-module deals with all of the transactions associated with assets.
• Travel Management – It deals with all the processes involved in business trips and travel expenses.

Features of the FI (Financial):
SAP Financial Accounting (FI) is the main module that manages all internal and external financial transactions. Its fundamental components are General Ledger Accounting (G/L), Accounts Receivable and Accounts Payable(AR/AP) processing, and Fixed Asset Accounting(AA). Bank Accounting, Funds Management, Special Purpose Ledger, Travel Management, Legal Consolidations, and more are all part of SAP Financial Accounting (FI). Let’s have a look at the most essential components.

• All transactions with customers and clients are kept and managed in the Accounts Receivable records.
• All money payable to vendors or suppliers is tracked and managed in the Account Payables record.
• General Ledger Accounting enables real-time reconciliation of financial and management accounting, opening the path for SAP’s parallel accounting standards.

SAP CO (Controlling):
SAP CO is a crucial component of the SAP system since it provides operational data to management for better decision-making. As a result, it takes care of all reporting requirements. Sub-Modules of SAP CO

The important sub-modules of SAP controlling are:

• Cost Centre – It is an organizational element that is responsible for recording all the expenses that are occurred within an organization. E.g. of cost centers is a department, work centers.
• Product Costing — This CO sub-module estimates the costs of generating a service or a product.
• Profit center – It records and maintains all of the income of an organization.
• Profit Analysis – This sub-module helps an organization to track and analyze.

Features of the CO (Controlling) Module:
The Controlling module is used by the company’s management to give operational insights and crucial decision-making information. It’s the internal accounting viewpoint. It sums up all the operating costs and expenses of the organization, enabling management to make essential business decisions. The CO module is largely concerned with managerial accounting issues like contribution margins, profitability, and data on profit centers and cost centers, among other things. which might be associated with the internal users. Cost Element Accounting, Cost Controlling, Cost Center Accounting, Internal Orders, Profitability Analysis, Profit Center Accounting, Activity Based Costing, Product Cost Controlling, and so on are all included in the CO (Controlling) module. The FI and CO modules operate together to give users end-to-end financial accounting and controlling capabilities, assisting management in making more informed decisions.

Career Opportunity for SAP FICO:
The scope of SAP FICO is huge. SAP FICO has 2 parts / SAP modules, which are SAP Finance and SAP Controlling also including user management and configuration. A profession in SAP FICO is still good and demanding. The practical training will boom your knowledge by covering all of the essential topics and modules, With the worldwide availability and constantly being one of the high-quality ERP software in the world, the power user certification can open up jobs and opportunities for a certificated expert.

• SAP FICO Consultant
• Account and finance executive
• SAP FICO Executive
• Testing consultant (Tester)
• Functional Tester
• Functional Consultant

SAP FICO is the most significantly apprehended course in phrases of scope and implementation. After SAP FICO Training, there would be no shortage of job opportunities.

SAP FICO Training in Chennai

The goal of IntelliMindz is to change the way people learn. IntelliMindz can help you improve your SAP FICO skills. Developing SAP FICO abilities will set you on a successful career path. Our SAP FICO Course in Chennai will teach you the fundamentals of SAP FICO. This comprehensive SAP FICO training course is combined with real-world examples and exercises to help you put what you’ve learned into practice. Improving your SAP FICO expertise can assist you in finding a job, getting promoted, or starting a new career. Use this SAP FICO training program as a stepping stone to a career in cloud computing. Enroll in our SAP FICO course and get certified today to begin your SAP FICO career.

What you’ll learn:

• Learn how to configure SAP FICO and End-User Activities in detail with step-by-step instructions
• Learn how to use SAP FICO- Complete General Ledger Accounting
• Understand the SAP FICO Complete Accounts Payable Accounting
• Get more idea on SAP FICO – Complete Asset Accounting and Bank Accounting – House Bank
• Learn how to complete all year-end activities in the SAP Finance Module.
• Learn how to use the LSWM Data Migration Tool.
• Learn how to use a variety of payment methods available in SAP
• Get hands-on experience in completing tax on Sales and Purchase Configuration and testing

Who can join the SAP FICO Training in Chennai:

• Freshers
• Any Graduates
• Working professional
• Freelancers

IntelliMindz’s SAP FICO Course will teach by highly skilled and well-experienced professionals. Our SAP FICO Training in Chennai has a well-structured course syllabus also provides training sessions for students in their convenient schedules. We are one of the top-most leading SAP FICO training institutes in Chennai. Enroll Now in our SAP FICO Course in Chennai and contact 9655877577 for more details.