Start Date Duration Time (CST) Type Instructor-Led Live Price Enroll
30-May-2017 55 Hrs (4 Weeks) 07:30 PM - 09:30 PM Online MODE OF TRAINING $ 799
$ 999

SAP FICO Certification Training

SAP FICO, SAP FI (Financials) monitors company financials while CO (Controlling) delivers cost accounting. SAP FI is used to store the financial data of an organization and also helps to analyse the financial conditions of a company in the market whereas SAP CO supports coordination, monitoring, and optimization of all the process in the organization. Our training program focuses on core accounting and reporting concepts like financial controlling – credit control, maintain fiscal year variant and tax code, assign the company code to a chart of accounts etc.

All Courses Idea

Course Description

SAP is one of the biggest players in the enterprise software application industry which is aimed at superior enterprise resource planning. SAP is the abbreviation for Systems, Applications, and Products in Data Processing. SAP Finance and Controlling (FICO) is one of the most broadly used SAP modules. SAP FICO module includes SAP FICO configuration, SAP CO configuration, SAP FI user and SAP CO user. Taking up a SAP FICO certification is the first step towards beginning a career as a SAP FICO consultant. The different parts of the SAP FI and SAP CO modules are essential to building the skill sets of a SAP FICO consultant or professional.

Course Objective

After the completion of SAP FICO course, you will be able to:

1. Learn the basic concepts and fundamentals of Finance and Controlling modules
2.Learn about General Ledger, Accounts Payable, Bank Accounting and Funds Management and its application in finance analysis
3. Learn about Business Process and how FICO Module work in R/3
4.Apply Implementation Training and Integration with other Modules that use functions and cleanse lists to map, move, and cleanse data between the landing and the staging table.
5. Apply Real-time Training with End to End Implementation Process.

Pre-requisites

1.Candidates do not require any specific requirements to take up this course except a basic background in information technology.
2.We provide FREE Finance Domain Materialsif you want to Learn Basics of Finance and Accounting.

Did you Know

SAP FICO enables enterprises to keep track of every financial transaction and aids in finance reporting at the end of fiscal year.
2. It has been established by research that SAP customers help 800 million consumers live safer and healthier lives.
3.I SAP’s customers manufacture more than 77,000 automobiles per day as found by leading statistical organizations.
4. Another impressive statistic is that SAP’s customers produce 65% of the world’s televisions.
5.Also well known as an empirical fact is that SAP customers produce more than 52% of the world’s movies.

Why learn and get certified in SAP FICO?

1.SAP FICO offers highly advanced means of financial transaction reporting and also better handling of accounts.
2.Banks, tax authorities, managers, administrators, and stockholders utilize external reports generated with the help of SAP FICO according to specific requirements.
3.SAP FI is responsible for consolidating diverse modules and creating a single system for the entire organization.
4.To Sum it up, SAP FI obtains data for external reporting procedures while its SAP Controlling Module (CO) lays stress on data for internal users.

Who should attend this Training?

This certification is highly suitable for a broad range of professionals either aspiring to, or already are in the IT and Finance domain, such as:
1.Analytics professionals, professionals desirous of excelling in the fields of accounting and finance
2.Data analysts
3.Project managers
4. Data scientists
5. Professionals aspiring for a career in growing and demanding fields of real-time big data analytics

Prepare for Certification!

Our training and certification program gives you a solid understanding of the key topics covered by Foundation and Advanced Level Certification exams. This is aimed at students who have recently completed, and experienced professionals to enhance their practical knowledge in SAP FICO modules. In addition to boosting your income potential, getting certified, demonstrates your knowledge and the skills, understanding of the fundamentals of SAP FICO along with processes, tools, techniques, and management methodology. The certification validates your ability to produce reliable, high-quality results with increased efficiency and consistency.

How will I perform the practical sessions in Online Training?

For online training, CoursesIT provides a virtual environment that helps in accessing each other’s system. The complete course material in pdf format, reference materials, course code is provided to trainees. CoursesIT conductes online sessions through any of the available requirements like Skype, WebEx, GOTOMeeting, Webinar, etc.

Case-Studies #1

Implementing Company’s software in co ordination with SAP FICO:

In this Case study FICO had been using a simple in-house license manager to protect new installations of the FICO score, but as new implementations quickly spread around the world, they decided they needed a more sophisticated system for managing the licenses they sold worldwide. A major challenge with the product installations was that the typical end-customer has no direct Internet connectivity from the systems where the application is running, and IT resources were limited due to a full workload and other high priority projects. Implementing Company’s software into the FICO score software provided a relatively straightforward process requiring a minimal time commitment from IT, a secure licensing procedure and a periodic process for transferring data back to FICO in a quick and easy fashion for analysis.

Tasks
  • 1.Creation of Company’s General Ledger.
  • 2. Creation of Company’s 3 Sub-ledger – Accounts Payable, Accounts Receivable and Asset Accounting.
  • 3. Creating of Company’s Controlling module.
  • 4. The rapid development of intranet may provide an innovative tool for construction and design teams in meeting these growing communication challenges.
  • 5. A project specific intranet uses a database server to store e-mail information and the organizational information such as user’s details including the personal information and information requests.
  • 6. Then team members can access this information using the Ezee Mail System. As information changes, the server content can be easily updated with new or revised data.
  • 7. This flexible approach allows geographically remote project teams to access timely, consistent and accurate information without expensive typesetting, printing, distribution and mailing charges.
Technologies Used
  • 1. Client side: HTML5, CSS3, JavaScript
  • 2. Server side: Servlets, JSP, JSTL
  • 3. Database programming: JDBC
  • 4. Web server: Tomcat
  • 5. Database server: MySQL Server

CASE STUDY # 2

Our Client is one of the World’s Premier and more than a Century old engineering group. The group turnover is around Rs. 100 Billion. The group is known for largest distribution network and excellence in manufacturing. The group consists of 20 companies including joint ventures. The Company was incorporated in the year 1920. At present Company is having manufacturing facilities at 3 locations. The company’s operations are divided into seven SBUs. The Company’s distribution network comprises of 16 regional offices and 8 overseas offices. Product range includes industrial and agricultural pumps, hydro-turbines, valves, machine tools, industrial coatings, etc.

About Project:

This project is a SAP R/3 implementation project. The scope of the project covers the business processes related to Marketing, Sales, Production and Finance Accounting and Management Accounting. So modules Implemented in this project are SD, MM, PP, FI and CO.

Implementation Methodology:

ISAP recommends ASAP Methodology for implementations, In this case study, we will use ASAP methodology. As a consultant, you should get exposed to all Five phases of implementation and should be able to gain good knowledge on each phase. We will walk through with each phase in detail.

  • 1. Project Preparation – Documentation Work.
  • 2.Business Blue Print – Documentation Work.
  • 3. Creating of Company’s Controlling module.
  • 4. Final Preparations: Data migrations from legacy to SAP system
  • 5.Go Live and Support: Handholding’s for SAP implementation, Resolving tickets.
Tasks in FICO Module:

IYou need to study and understand the different business process in Legacy & creation to a creation system and map them to SAP system. Configuration and Customization task include in Definition creation and assignment of Various Organization Units, variants, creation of different master records, should be able to post business transactions and generate various reports and do closing activities. You are expected to prepare a blueprint and also configuration documents. Further, you need to get involved in Data Migration Project where you should be uploading thousands of various master records like customer master, vendor masters, Asset Masters, GL masters, Material Masters… so on, also you need to build configuration blocks in sub modules like General Ledger, Bank Accounting, Accounts Receivable, Accounts Payable, Asset Accounting, Cost Element Accounting, Cost Center Accounting, Profit Center Accounting, Internal orders, Product Costing, Profitability Analysis. Final you need to submit your work as a presentation at the end of training.

Part A – Financial Accounting

  1. 1.Introduction to ERP
  2. 2.Advantages of SAP over other ERP packages
  3. 3.Introduction to SAP R/3 FICO
  1. 1.Definition of company
  2. 2.Definition of company code
  3. 3.Assignment of company to company code
  4. 4.Definition of business area
  5. 5. Definition of fiscal year variant
  6. 6.Assignment of fiscal year variant to company code
  7. 7.Definition of posting period variant
  8. 8.Assignment of posting period variant to company code
  9. 9.Open and close posting period
  10. 10.Defining document type & number ranges
  11. 11.Maintenance of field status variants
  12. 12.Assignment of field status variant to company code
  13. 13.Definition of tolerance groups for GL accounts
  14. 14.Definition of tolerance groups for employees
  15. 15.Assignment of tolerance groups to users
  16. 16.Taxes on Sales & Purchases (Input & Output)
  17. 17.Creation of chart of Accounts
  18. 18.Defining Accounts Groups
  19. 19.Defining Retained Earnings Account
  1. 1.Creation of General Ledger Master (with and without reference)
  2. 2.Display / Change/Block / Unblock of General Ledger master
  3. 3. Document Entry posting normal postings and posting with reference
  4. 4. Display and change of documents
  5. 5.Display of GL balances
  6. 6.Display GL account line items
  7. 7.Parked documents
  8. 8.Hold documents
  9. 9.Creation of Sample Document and postings with sample documents
  10. 10.Defining recurring entry document and postings with a recurring doc.
  11. 11.Configuration of line layouts for display of GL line items
  12. 12.Reversal of individual documents, mass reversal, reversal of cleared items and reversal of accrual and deferral documents
  13. 13.Defining Exchange Rate types and Translation ratios
  14. 14.Define Exchange rates & posting of foreign currency transactions
  15. 15.Interest calculations on term loans
  16. 16. Accrual and Deferral documents
  1. 1.Creation of vendor account groups
  2. 2.Creation of number ranges for vendor master records
  3. 3.Assignment of number ranges to vendor account groups
  4. 4.Creation of tolerance group for vendors
  5. 5.Creation of vendor master (display/change/block/unblock of vender master)
  6. 6.Posting of vendor transactions (invoice posting, payment posting, credit memo)
  7. 7.Settings for advance payments to parties (down payment) and clearing off down payment against invoices (special GL transactions)
  8. 8.Posting of partial Payment & Residual Payment
  9. 9.Creation of own payment terms
  10. 10.Creation of house banks and account ids.
  11. 11.Creation of check lots and maintenance of check register
  12. 12.Display check register
  13. 13.Cancellation of un-issued checks
  14. 14.Creation of void reasons
  15. 15.Cancellation of issued checks
  16. 16.Posting of purchase returns
  17. 17.Configuration of automatic payment program
  18. 18.Payment to vendors through APP
  19. 19.Defining correspondence & party statement of accounts
  1. 1.Creation of customer account groups
  2. 2.Creation of number ranges for customer master records
  3. 3.Assignment of number ranges for customer account groups
  4. 4.Creation of customer master (display/change/block/unblock of vendor master)
  5. 5.Posting of customer transactions (sales invoice posting, payment posting, debit memo)
  6. 6.Posting of vendor transactions (invoice posting, payment posting, credit memoSettings for advance payment from parties (down payment)
  7. 7.Configuration of settings for running
  8. 8.Generating the dunning letters
  9. 9.Defining correspondence and party statement of accounts
  10. 10.Bills of exchange.
  11. 11. Posting of sales returns
  1. 1. Defining chart of depreciation
  2. 2.Creation of 0% tax codes for sales and purchased
  3. 3.Assignment of chart of depreciation to company code
  4. 4.Defining account determination
  5. 5.Definition of screen layout rules
  6. 6.Definition of number ranges for asset classes
  7. 7.Integration with General Ledger & Posting rules
  8. 8.Defining Depreciation key
  9. 9.Definition of multilevel methods
  10. 10.Definition of period control methods
  11. 11.Creation of main asset master records
  12. 12.Creation of sub-asset master records
  13. 13.Acquisition of fixed assets
  14. 14.Sale of fixed assets
  15. 15.Transfer of assets
  16. 16.Scrapping of assets
  17. 17Depreciation run
  1. 1. Parallel ledgers & posting of journal entries into New GL
  2. 2.Creation of Segments

1.The Configuration of Document Splitting
2.Posting of Journal Entries in General Ledger, Accounts Payable, and Account Receivable to check whether Document Splitting is taking place or not.
3. Deactivation of Document Splitting

CONTROLLING

1.Financial statement version
2.General Ledger, Accounts Payable, Accounts Receivable and Assets Reports

Part B - Controlling

1.Defining Controlling Area
2.Defining Number ranges for Controlling Area
3.Maintain Planning Versions

1.Creation of primary cost elements from financial accounting area
2.Creation of primary cost elements from controlling area
3.Display of cost element master records
4.Change cost element master records
5.Primary cost element categories
6.Secondary cost element categories
7. Default account assignments

1.Defining Cost Center Standard Hierarchy
2.Creation of Cost Centers and cost center groups
3.Display cost center master records
4.Change cost center master records
5.Creation of cost center groups
6.Posting to cost centers
7.Reposting of co line items
8.Report of Costs
9.Planning for cost centers
10.Overhead Calculation
11.Creation of secondary cost element master records
12.Creation and Execution of Distribution Cycle
13.Creation and execution of assessment cycles
14.Cost center reports

Reports

Generating the Cost Center Reports

1.Defining order types
2.Creation of internal order master records
3.Display internal order master records
4.Change internal order master records
5.Postings to internal orders
6.Planning for internal orders
7.Reposting co line items for internal orders
8.Report of costs for internal orders
9.Report of Variance analysis for internal orders
10.Creation of real internal orders
11.Posting of business transaction to real orders
12.Definition of allocation structures
13.Definition of settlement profiles
14.Definition of planning profiles
15.Settlement of real internal orders

Reports

Generating the Internal Order Reports

1.Basic Settings for Profit Center Accounting
2.Creation of Dummy Profit Centers
3.Maintenance of control parameters for actual postings
4.Maintaining planning versions for profit centers
5.Maintaining the number ranges for profit center documents
6.Creation of profit center master records
7.Display of profit center master records
8.Changing the profit center master records
9.Creation of revenue cost elements
10.Automatic Assignment of Revenue elements for Profit Centers
11.Assignment of profit centers in cost center master records
12.Creation of account groups in profit center accounting for planning
13.Planning for profit and loss account items
14.Planning for balance sheet items
15.Posting of transactions into profit centers

Reports

1.Generating the variance reports for Profit and Loss account items
2.Generating the variance reports for Balance Sheet items

1.Maintaining the operating concern
2.Define profitability segment characteristics
3.Assignment of controlling area to operating concern
4.Activating the profitability analysis
5.Define number ranges for actual postings
6.Mapping of SD conditions types to COPA value fields
7.Creation of reports
8.Viewing the reports

Part C- Integration

Definition of organizational units in materials management i.e. plant, storage location and purchase organization
1.Assignment of organizational units to each other
2.Definition of tolerance groups for purchase orders
3.Definition of tolerance groups for goods receipt
4.Definition of tolerance groups for invoice verification
5.Definition of vendor specific tolerances
6.Creation, display and change of material master records
7.Creation of plant parameters
8.Maintenance of posting periods for materials management
9.Maintenance of parameters for invoice verification
10.Maintenance of plant parameters for inventory management and physical inventory
11.Definition of attributes for material types
12.Assignment of GL accounts for material transactions in financial accounting
(Integration of MM with FI) 13.Creation of purchase order, posting of goods receipt, invoice verification and
14.Goods issue for production

1. Definition of sales organization
2.Definition of distribution channels
Definition of divisions
3.Assignment among various organizational units in SD
4.Definition of partner functions
5.Definitions of shipping point and loading points
6.Definition of pricing procedures
7.Determining the shipping points
8. Determining the pricing procedures
9.Maintenance of SD condition types
10.Maintenance of condition records
11.Assignment of GL accounts for sales transactions( integration of FI with SD)
12.Creation of sales order
13.Initialization of stock
14.Posting the delivery of goods
15.Creating the sales invoice

TI recently finished SAP FICO training with instructor Eliaz at CoursesIT. He is an expert in his field, very knowledgeable. He enjoys teaching and a masterful instructor. It was a very rewarding experience and well worth pursuing. Thanks to CoursesIT. -Prakash Singh

SAP FICO training with CoursesIT was a great choice. The trainer was excellent with real world experience and expertise. Also, the class recording and postings on the blog were a great help. Additionally, the staff at CoursesIT has been very helpful! - Swaroop Mishra

To get the online training is really worth from CoursesIT. Whole Team is wonderful in their feilds. I would personally advice to everybody NOT TO HESITATE.TAKE A CHANCE. -Aahana Singh

About SAP FICO Certifications

Certification in SAP FICO has enormous value in your career where it showcases your proficiency and expertise to the industry. To recognize the talents of financial professional both vendor and vendor-neutral certifications are available in the market which is designed with various aspects. If about to start your career in the field of SAP FICO as a SAP Consultant, then all you need is a correct certificate.To ensure the adequate expertise for SAP FICO professional, It’s better to have a combination of right education or training course with hands-on practical experience. SAP FICO Certifications

Through SAP certifications are globally recognized, basically it demonstrates that you have honed your skills through rigorous study and direct experience in your area of expertise. SAP offers two certifications for SAP FICO professionals, such as:
1. SAP Certified Application Associate - Financial Accounting with SAP ERP 6.0 EHP5(C_TFIN52_65)
2.SAP Certified Application Associate - Financial Accounting with ERP 6.0 EhP6 (C_TFIN52_66)
3.SAP Certified Application Associate - Financial Accounting with ERP 6.0 EhP7 (C_TFIN52_67)
4.SAP Certified Application Professional - Financial Accounting with SAP ERP 6.0 EHP5 (P_FINACC_65)
5.SAP Certified Application Professional - Financial Accounting with SAP ERP 6.0 EHP5 (P_FINACC_66)
6.SAP Certified Application Associate - Management Accounting (CO) with SAP ERP 6.0 EHP5 (C_TFIN22_65)
7.SAP Certified Application Associate - Management Accounting with SAP ERP 6.0 EhP7 (C_TFIN22_67)
8.SAP Certified Application Professional - Management Accounting (CO) with SAP ERP 6.0 EHP5 (P_FINMGT_65)

Certification details for MDM - Administrator Specialist Certification

MDM Administrator Specialist certification measures competency as a member of MDM team. The skills and capabilities are evaluated on installation and upgrades, performance tuning, troubleshooting, batch processes, managing metadata and upgrading security processes.

Pre-requisites

The pre-requisites for this Administrator specialist certification is the completion of the following Informatica courses

1.MDM 9.x: Multidomain Edition, Administration
2.MDM 9.x: Configuring Multidomain Edition

Exam Details
  1. 1.Exam duration is 90 minutes
  2. 2. Exam format is Multiple Choice Questions (MCQs), Multiple response questions and True or False
  3. 3.Passing mark is 70 percent

Certification details for MDM - Developer Specialist Certification

MDM Developer specialist certification measures competency as a project implementation member. The skills and capabilities are evaluated on the explaining and identifying the MDM product architecture, configuring main components, Hierarchy manager, data governance tools, match server and workflows.

Pre-requisites

The pre-requisites for this Administrator specialist certification is the completion of the following Informatica courses

1.PowerCenter 9.x - Developer, Level 1
2.PowerCenter 9.x - Developer, Level 2

Exam Details
  1. 1.Exam duration is 90 minutes
  2. 2. Exam format is Multiple Choice Questions (MCQs), Multiple response questions and True or False
  3. 3.The exam will contain 70 questions
  4. 4.Passing mark is 70 percent

SAP Certified Application Associate - Financial Accounting with ERP 6.0 EhP6 (C_TFIN52_66) Pre-requisites

MDM Developer specialist certification measures competency as a project implementation member. The skills and capabilities are evaluated on the explaining and identifying the MDM product architecture, configuring main components, Hierarchy manager, data governance tools, match server and workflows.

There are no such prerequisites to register for this exam

Exam Details
  1. 1.Exam duration is 180 minutes
  2. 2. Number of question is 80
  3. 3.Passing score is 64 percent
  4. 4.This is associate level certification

SAP Certified Application Associate - Financial Accounting with ERP 6.0 EhP7 (C_TFIN52_67) Pre-requisites

MDM Developer specialist certification measures competency as a project implementation member. The skills and capabilities are evaluated on the explaining and identifying the MDM product architecture, configuring main components, Hierarchy manager, data governance tools, match server and workflows.

There are no such prerequisites to register for this exam

Exam Details
  1. 1.Exam duration is 180 minutes
  2. 2. Number of question is 80
  3. 3.Passing score is 60 percent
  4. 4.This is associate level certification

SAP Certified Application Professional - Financial Accounting with SAP ERP 6.0 EHP5 (P_FINACC_65) Exam Details

MDM Developer specialist certification measures competency as a project implementation member. The skills and capabilities are evaluated on the explaining and identifying the MDM product architecture, configuring main components, Hierarchy manager, data governance tools, match server and workflows.

There are no such prerequisites to register for this exam

Exam Details
  1. 1.Exam duration is 180 minutes
  2. 2. Number of question is 80
  3. 3.Passing score is 61 percent
  4. 4.This is associate level certification

SAP Certified Application Professional - Financial Accounting with SAP ERP 6.0 EHP5 (P_FINACC_66) Exam Details

MDM Developer specialist certification measures competency as a project implementation member. The skills and capabilities are evaluated on the explaining and identifying the MDM product architecture, configuring main components, Hierarchy manager, data governance tools, match server and workflows.

There are no such prerequisites to register for this exam

Exam Details
  1. 1.Exam duration is 180 minutes
  2. 2. Number of question is 80
  3. 3.Passing score is 61 percent
  4. 4.This is associate level certification

SAP Certified Application Associate - Management Accounting (CO) with SAP ERP 6.0 EHP5 (C_TFIN22_65) Pre-requisites

MDM Developer specialist certification measures competency as a project implementation member. The skills and capabilities are evaluated on the explaining and identifying the MDM product architecture, configuring main components, Hierarchy manager, data governance tools, match server and workflows.

There are no such prerequisites to register for this exam

Exam Details
  1. 1.Exam duration is 180 minutes
  2. 2. Number of question is 80
  3. 3.Passing score is 65 percent
  4. 4.This is associate level certification

SAP Certified Application Associate - Management Accounting (CO) with SAP ERP 6.0 EhP6 (C_TFIN22_66) Pre-requisites

MDM Developer specialist certification measures competency as a project implementation member. The skills and capabilities are evaluated on the explaining and identifying the MDM product architecture, configuring main components, Hierarchy manager, data governance tools, match server and workflows.

There are no such prerequisites to register for this exam

Exam Details
  1. 1.Exam duration is 180 minutes
  2. 2. Number of question is 80
  3. 3.Passing score is 60 percent
  4. 4.This is associate level certification

SAP Certified Application Associate - Management Accounting with SAP ERP 6.0 EhP7 (C_TFIN22_67) Pre-requisites

MDM Developer specialist certification measures competency as a project implementation member. The skills and capabilities are evaluated on the explaining and identifying the MDM product architecture, configuring main components, Hierarchy manager, data governance tools, match server and workflows.

There are no such prerequisites to register for this exam

Exam Details
  1. 1.Exam duration is 180 minutes
  2. 2. Number of question is 80
  3. 3.Passing score is 56 percent
  4. 4.This is associate level certification

SAP Certified Application Professional - Management Accounting (CO) with SAP ERP 6.0 EHP5 (P_FINMGT_65) Exam Details

MDM Developer specialist certification measures competency as a project implementation member. The skills and capabilities are evaluated on the explaining and identifying the MDM product architecture, configuring main components, Hierarchy manager, data governance tools, match server and workflows.

There are no such prerequisites to register for this exam

Exam Details
  1. 1.Exam duration is 180 minutes
  2. 2. Number of question is 80
  3. 3.Passing score is 57 percent
  4. 4.This is associate level certification

SAP FICO Training FAQs

The following are the organizational elements in SAP FI namely:

1.Company Code
2. Business Area
3.Chart of Account
4.Functional Area

SAP Financial Accounting is integrated with other modules such as SAP Sales and Distribution, SAP Material Management, SAP Production Planning and so on.
To correctly identify the number of posting periods when the fiscal year is not same as the calendar year, the user must define a displacement factor for each posting period.
A company is an organizational unit which represents a business organization according to commercial law requirements in a particular country. It is the smallest unit for which financial statements are created according to the relevant legal requirements in an organisation. A company can include one or more company codes. The company code is the smallest unit of external accounting for which a complete, self-contained set of accounts can be created. This is used to structure the business organization from a financial accounting perspective.
The following are the application areas where validation and substitution used:

1.Financial Accounting
2.Cost Accounting
3.Asset Accounting
4.GL – Special Purpose Ledger
5.Consolidation
6.Project System
7.Career Focused –The online IT training courses match the tasks, assignments or projects you perform for employers on 8.the job guaranteeing that the new skills you gain after training are immediately relevant to your career or employer.
9.Real Estate
10Profit Center Accounting

Financial Statement Version is a reporting tool used to extract final accounts from SAP like Profit and Loss Account and Balance Sheet. The output of various external agencies will be generated by multiples FSV.
For all SAP transaction, default exchange rate is M (average rate).
Internal order is used to track the cost, and they are proposed to be incurred on a short term basis: The asset class is the main class to classify assets. Each and every asset must be assigned to only one asset class. For example, asset class also contains a G1 account, when any asset is procured, the G1 account will be procured.
The asset class is the main class to classify assets. Each and every asset must be assigned to only one asset class. For example, asset class also contains G1 account, when any asset is procured, G1 account will be procured.
Posting period in fiscal year posting is a period for which the transaction figures will be updated. It is mainly used to control the accounting period for posting and ensures that the closed periods remain balanced.
No, business area is at client level which means other company codes can also be posted to the same business area.
In SAP FICO, APP stands for Automatic Payment Program provided to the customers to pay its vendors and customers. It helps to avoid mistakes taken place while posting manually.
In SAP FI, chart of accounts indicates the list of GL accounts that are used to meet the daily needs. The master chart of account must be assigned to each company code and it is divided into the following types, namely:

1.Operating Chart of Accounts – Contains all GL accounts that are used to meet the daily needs in a company. This has to be assigned to company code.
2.Country Chart of Accounts – Contains all general ledger accounts to meet country legal requirements and you can assign company chart of accounts to company code.

SAP FICO Placement FAQs

SAP FICO is the pillar of SAP as this is an excellent application for finance related function and is one of the most popular products. This application automatically translates into a good and steady requirement for FICO professionals. For a person just starting his or her career, the learning curve will be steep and one should grasp as much as possible and focus should be on knowledge-building in the different scenarios and transactional flows.

1.Company/Employer Profile
2.Consultants with prior domain work experience are paid better than those who join the company as a fresher.

SAP FICO stands for Financial Accounting, and Costing is the highest paid salary with excellent growth rate. Many companies are looking for certified SAP FICO Professionals. But it is not that easy to get a job in SAP FICO as the competition is very high. The job of SAP FICO consultant symbolizes one of the most lucrative career paths in the market today.
As the market is growing, more and more industries are implementing SAP systems. In next five years, there will be a huge demand in the financial perspective. There are very few certified SAP FICO Consultants with the complete subject knowledge in the market.
The average salary of a certified SAP FICO consultant is $107,000.

1.SAP Sales and Distribution
2.SAP Material Management
3.SAP ABAP
4.SAP FI
5.SAP Financial Accounting and Controlling

Some of the major benefits are:
    SAP FICO and Oracle financials are competing in the particular field. But most of the manufacturing companies prefer SAP FICO.
No, FI is a complex and critical module where the system needs to fulfill business, statutory, legal and mandatory requirements. You have to put lot efforts to understand the terminologies and Financial Accounting.
SAP FICO is one of the SAP core modules and is deeply integrated with other modules such as SAP Sales and Distribution, Sales Material Management, SAP Production Planning and so on.
SAP FICO is one of the modules which deals with finance related solutions of an organization. Most of the companies from different sectors such as Automobile, Oil and Gas, Consumer Products, Engineering, Construction, Operations, Healthcare, Industrial Machinery and Components, Telecommunications, Chemicals, Utility, Government Sector and so on.
The average SAP Consultant in the United States earns approximately $82K annually. The range in cash compensation to SAP Consultants ($55K to $164K) includes potential earnings of $20K each from bonuses and profit sharing in exceptional cases. The most influential factor affecting pay for this group is career length, though the specific employer and location have a (lesser) impact as well. Generally, women make up less than a third of all SAP Consultants who answered the questionnnaire. Medical benefits are awarded to most, and more than half earn dental coverage. Job satisfaction for SAP Consultants is high

Generic Training FAQs

CoursesIT provides Role-based Instructor Led Live and Self Paced Video Training and certification programs by industry expert trainer’s using Online meeting tools like Citrix GotoWebinar.
We provide three different modes of training:
1.Instructor Led Live Training (ILLT) – In this mode students attend the Live online sessions as per the training schedule. Assignments and course materials access is provided using the LMS system. Students can also view the videos of the past sessions and post questions using the LMS system. Students can ask trainers question live during the session or offline using the LMS system. 24×7 access to Support is available.
2.Instructor Led Video Training (ILVT) – In this mode students do not attend Live online sessions but learn from the Session video recordings. Assignments and course materials access is provided using the LMS system. Students can post questions offline for trainers using the LMS system. 24×7 access to Support is available.
3.Self-Paced Video Training (SPVT) – Self-paced video training program is designed to learn at your own pace. Students are given a access to the LMS system and learn thru pre-recorded session videos. They access the assignments and materials thru the LMS system. 24×7 access to Support is available.
Picture – Click on the below links to know the differences between live training, video training, self-paced video training:
1.Instructor Led Live Training (ILLT) –
2.Instructor Led Video Training (ILVT) –
3.Self-paced Video Training (SPVT) –
1. Operating System: Windows XP or newer
2.Browser: Internet Explorer 6.x or newer
3.CPU: P350 MHz, recommended P500+ MHz
4.Memory: 128 MB, recommended 256+ MB RAM
5.Free Disk Space: 40 MB, recommended 200+ MB for content and recordings
6.Internet Connection: 28.8 Kbps, recommended 128+ Kbps
7.Monitor: 16 bit colors (high color)
8.Other: Sound card, microphone, and speakers OR headset with microphone
1Mbps of internet speed is recommended to attend the live classes. Even with lesser internet speed students can attend live session.
Some of the major benefits are:
1.Full Interactivity – Two-way voice over internet and web-conferencing tool. This tool enables participants to ask questions and collaborate with each other in an online virtual space and enables the online trainer to answer questions, take simulations, and receive answers instantaneously. Every trainee can view the trainers desktop and vice versa.
2.Cost Savings and Convenience – Courses can be completed from home, the office, or wherever the Internet is accessible. There is no need to travel to a specific location to attend a training program. Less overhead cost for the company and the savings is passed on to the trainees. Shorter course schedules mean that projects don’t have to be put on hold while participants train (for corporations).
3.Never Miss a Session – With online training, you can receive archived video recorded sessions to all enrollees and the streaming video recording links are posted on the Training blog after each session. Participants may view these sessions to review sessions post-class or make up a missed class as needed. Accesses to Video Recordings are available after the training end thus making it easy for you to review after training ends.
4.Location Independent – You may join for an online instructor-led course from any part of the world without having to travel. Trainees can attend from USA, Canada, New Zealand, UK, Australia, India and many other countries around the world.
5.Affordable – Classroom sessions are expensive. You pay for Hotel, Food, Travel plus Course Fees. All those overhead costs quickly add up to more than 5,000 dollars. Online training programs costs less and is a fraction of that cost of classroom training.
6.Best Trainers – If you are taking a Classroom training, you are restricted to take the training from the best instructors available in that area only. This is Not the case in Online training setup. We hire and work with Best trainers throughout the world with the power of internet.
7.Career Focused –The online IT training courses match the tasks, assignments or projects you perform for employers on the job guaranteeing that the new skills you gain after training are immediately relevant to your career or employer.
8.Shorter Sessions – By providing shorter session duration and then providing assignments, gives the trainees time to understand the concepts and practice from the assignments and be prepared for the next session. Online training sessions are each 2-3 hrs long and only cover 10hrs per week. Classes are scheduled 2-3 days apart giving you time to practice.
All Instructors from CoursesIT are working professionals from leading organizations who have minimum of 8 years of real-time consulting experience working on live projects and good subject knowledge. They have minimum 3+ years of experience in training. Most of our trainers are Certified professionals as well and help the students to get certified.
Yes, you will be working on the case-studies/project which helps you to implement the gained skills and knowledge practically towards the end of the training workshop.

Trainee can choose any of the following payment methods to enrol our training program:
1.For USD payment, trainee can pay by Paypal and Bank of America
2.Bank payments from anywhere in USA
3.Money orders
4.International Wire transfer
5.ACH transfers
6.Chase Quickpay
7.Bank of America transfers
8.Wells Fargo Surepay
9.Credit Card
10.Debit Card
11.Net Banking
Note:
1.Instalment option is also available
2.We accept credit card, debit card and net banking for all leading banks

Since most of our trainers are working professional themselves, we provide Instructor-led Live training as per the following schedules and try to complete 8-10 hrs of Live training per week:
1.Weekday evenings Mon-Fri – start time at 7 or 7:30pm CST with each session 2-3 hrs.
2.Weekend batch timings are Sat-Sun with start times of 8am, 4pm, 7pm CST with each session 3-4hrs

You can Raise a Ticket from the Blog and a Support team member will respond to your query. We help 24×7 through our ticketing system.
Once the session is complete, all the session videos will be uploaded on the blog. You can access the missed session videos on the blog. The videos recordings and access to the training blog is available to you for 6 months. The materials access thru Google drive repository is available to you for lifetime.
After the session is complete, all the session videos are uploaded for you to view using the blog. You can access the blog from any device (laptop, tablets, mobile phone) connected to internet and watch the videos.
Yes, as a sample we can surely provide you some videos from previous workshops.
In ILLT, you have an option to attend the live classes of other trainers. But, this has to be informed to the respective co-ordinators before completing three live sessions. In case of ILVT and SPVT, you have an option to access other trainer’s videos on raising request to the co-ordinators and support team. But the access to the previously shared videos will be restricted.
To know more about our Terms of Service including the Refund and Cancellation policy, please visit our webpage,