Do I need any experience beforehand to enroll in the SAP FICO course online?

Joining the course is not something that requires prior SAP knowledge. We start from the very basics and finish with the advanced topics so that even a complete novice can be smoothly introduced.

How long are your SAP FICO classes?

The course we have is spread over 8-12 weeks, along with FICO modules, practical projects, certification prep, and placement support.

Can I take the SAP FICO course if I have no finance background?

Certainly! No finance background is needed to take our SAP online FICO classes. We invite only the brilliant minds from any field and assure you that finance concepts will not be foreign to you after attending our classes.

What are the costs of the SAP FICO online classes at Srijan Institute?

Contact our admissions department to find out the fees, payment installments, and if there is any promotion available.

Does Srijan Institute offer SAP training with job guarantee?

Yes, we provide SAP FICO training with job support, including placement support, interview prep, and company connections until you secure a role.

SAP FICO Course with Placement, Job Guarantee and Online Classes

SAP FICO Course with Placement: Launch Your Career with Srijan Institute

Why SAP FICO?

Significance of SAP FICO in a Modern Job Market

It is through SAP FICO that companies of various industries are able to keep their financial operations running smoothly and in an efficient manner.

At Srijan Institute, we understand that it is a common trend for businesses to hunt for SAP FICO professionals capable of carrying out the implementation, optimization, and management of their financial systems.

The wave of digital transformation has been the main reason for the rapid increase in SAP adoption worldwide, which in turn has led to a phenomenal demand for professionals with the right skills.

Demand is High for Certified Professionals

There is a steady increase in the need for certified SAP FICO professionals in the job market.

The consultants in SAP FICO are in a position to negotiate for a very good salary along with an attractive package, whether they are new entrants in the industry or professionals with vast experience.

Those who are certified can enjoy the benefits of job stability, international career chances, and quicker career advancement. Our sap fico course is designed in such a way that you can take advantage of these high-paying positions.

Key Benefits of Our SAP FICO Course with Placement

Job Placement Assistance

We extend end-to-end placement facilitation so that the job of your dreams becomes a reality. Our SAP training with a job guarantee is inclusive of resume building, interview prepping, and easy access to the hiring companies.

Expert-Led Online Classes

The sap fico classes at our institute are led by industry experts who have a lot of hands-on experience with SAP implementations. They impart practical knowledge, give you the troubleshooting tips, and the best practices straight from their real project.

Flexible Learning Schedule

Our sap fico course online is designed in such a way that you can take it irrespective of your commitments.

We offer various batch timings apart from which there are weekend and evening sessions as well.

Practical Projects and First-Hand Experience

We focus on the practical aspect of the students through authentic projects and the live SAP system.

You will get to work on industry-based scenarios such as month-end closings, asset accounting, and financial reporting.

Why Choose Srijan Institute’s SAP FICO Online Classes??

Personalized Learning Approach

Our sap fico training varies according to different levels of experience and different speeds of learning. We customize our method to fit you, and thus, we make sure that no student is left behind.

Experienced Trainers with Industry Knowledge

Our sap trainers are not only certified in SAP but also are the ones who are actively involved in the current SAP projects. They derive their expertise from sectors like finance, manufacturing, retail, and consulting; thus, along with the technical knowledge, they can also serve as your career mentor.

Placement Guaranteed and Career Support

We offer a placement guarantee with our sap fico online classes as a result of which, we are really confident about the effectiveness of our training.

Our support system is full-fledged and includes more than 50 companies with whom we have tie-ups, regular job updates, skill gap analysis, and salary negotiation guidance. We keep on following up with you until you get your new job.

Industry-Approved Course Content

We worry a lot about curriculum quality and, as a result, we are always changing it according to the industry's changing needs and the employers' feedback.

Career Opportunities After SAP Fico Course

Here are the Job Roles You Can Pursue after doing an SAP FICO certification:

1. SAP FICO Consultant

Perform SAP implementations, set up financial systems, and help clients by giving them specialist advice on their financial processes and how to optimize them.

2. Financial Analyst

Employ SAP FICO skills to dissect financial data, generate detailed reports, and be the driving force behind the strategic business decisions in the organization.

3. SAP Project Manager

Be in charge of SAP installation plans, foster communication between different teams, and ensure that financial system solutions are delivered successfully.

Industry Demand for SAP FICO Experts

Manufacturing and Production

Manufacturing businesses use SAP for a wide range of complex financial operations, cost accounting, and stock valuation, and they are always on the lookout for FICO experts.

Financial Services and Banking

Banks, insurance companies, and financial institutions implement SAP to meet regulatory requirements, conduct financial reporting, and conduct comprehensive risk management.

Retail and E-commerce

Retailers are looking for professionals proficient in SAP FICO to take care of finances at multiple locations, devise pricing strategies, and conduct profitability analysis in varied markets.

Consulting and IT Services

IT consulting and business advisory firms engaging in various industries, across which they have a diverse client base, are actively hiring SAP FICO consultants.

Srijan Institute’s SAP FICO Online Classes: Study Whenever You Want

Self-Paced Study that is Still Flexible

Our educational platform is always available to you without any restrictions. It is jam-packed with practice exercises, study guides, and recordings of earlier sessions.

You are free to study whenever it is most convenient for you and to repeat any subject that you find difficult an unlimited number of times.

Engaging in Live Instruction

Our interactive sessions include live SAP demonstrations, student-to-student learning, the trainer being on hand to answer questions, and the students working on projects under the trainer's supervision.

SAP FICO(Financial Accounting and Controlling) Certification:

SAP FICO (Financial Accounting and Controlling) is a module of SAP ERP (Enterprise Resource Planning) system that deals with the financial and accounting processes of an organization. SAP FICO certification is a validation of a professional's knowledge and skills in SAP FICO module.

The SAP FICO certification exam consists of two levels:

Associate Level Certification: This is the entry-level certification, which verifies a candidate's basic knowledge of SAP FICO module.
Professional Level Certification: This is the advanced level certification, which verifies a candidate's expertise in SAP FICO module.

To become certified, a candidate must pass the respective certification exam, which is conducted by SAP AG. SAP FICO certification requires a thorough understanding of financial accounting principles and knowledge of the SAP ERP system. It is recommended that candidates have at least 2 years of practical experience in SAP FICO module before attempting the certification exam.

SAP FICO certification can benefit professionals by enhancing their career prospects, increasing their knowledge and skills, and validating their expertise in SAP FICO module. It can also help organizations to identify qualified professionals for their financial and accounting processes.

SAP FICO(Financial Accounting and Controlling) Curriculum:

INTRODUCTION TO SAP

1.Introduction to ERP and SAP

2. What is SAP / R/2-R/3 & S4 HANA ARCHITECTURE

3. History of SAP

4. SAP Server landscape
5. Overview of Fico

6. Role and Responsibility of a Consultant

7. Type Of Project

8. Logging on to the SAP System

9. Creating Favorites & Adding T-code to Favorites

FINANCIAL ACCOUNTING BASIC SETTINGS

1.Definition of company

2. Definition of company code

3.Assignment of company-to-company code

4. Definition of business area
5. Definition of fiscal year variant

6. Assignment of fiscal year variant to company code

7. Definition of posting period variant

8. Assignment of posting period variant to company code

9. Open and close posting period

10.Defining document type & number ranges

11.Maintenance of field status variants

12.Assignment of field status variant to company code

13. Definition of tolerance groups for GL accounts

14. Definition of tolerance groups for employees

15. Assignment of tolerance groups to users

16.Taxes on Sales & Purchases (input & output)

17.Creation of chart of Accounts

18. Defining Accounts Groups

19.Defining Retained Earnings Account

GENERAL LEDGER ACCOUNTING

1.Creation of General Ledger Master (with and without reference)

2. Display/Change/Block/Unblock of general ledger master

3. Document Entry posting normal postings and posting with reference

4. Display and change of documents
5. Display of GL balances

6. Display GL account line items

7. Parked documents

8. Hold documents

9. Creation of Sample Document and postings with sample documents

10.Defining recurring entry document and postings with recurring doc.

11.Creation of account assignment model and posting

12.Configuration of line layouts for display of GL line items

13. Reversal of individual documents, mass reversal, reversal of cleared items

14. Reversal of accrual and deferral documents

15. Defining Exchange Rate types and Translation ratios

16.Define Exchange rates & posting of foreign currency transactions

ACCOUNTS PAYABLE

1.Creation of vendor/BP account groups

2. Creation of number ranges for vendor/BP master records

3.Assignment of number ranges to vendor account groups

4. Creation of tolerance group for venders/BP
5. Creation of vendor/BP master (display/change/block/unblock of vender master)

6. Posting of vendor transactions (invoice posting, payment posting, credit memo)

7. Settings for advance payments to parties (down payment) and clearing of down

8. Payment against invoices (special GL transactions)

9. Posting of partial Payment & Residual Payment

10.Creation of payment terms

11.Creation of house banks and account ids

12.Creation of check lots and maintenance of check register

13. Display check register

14. Cancellation of unissued checks

15. Creation of void reasons

16. Cancellation of issued checks

17. Configuration of automatic payment program

18. Payment to vendors through APP

19. Defining correspondence & party statement of accounts

ACCOUNTS RECEIVABLE

1.Creation of customer/BP account groups

2. Creation of number ranges for customer/BP master records

3.Assignment of number ranges for customer account groups

4. Creation of tolerance group for customers/BP
5. Creation of customer master (display/change/block/unblock of vender master)

6. Posting of customer transactions (sales invoice posting, payment posting, debit memo)

7. Settings for advance payment from parties (down payment)

8. Configuration of settings for dunning

9. Generating the dunning letters

10.Defining correspondence and party statement of accounts

SAP FICO(Financial Accounting and Controlling) Interview Questions & Answers:

1. What is SAP FICO?
A: SAP FICO is a financial accounting and controlling module that helps businesses in managing their financial transactions, accounting, and reporting activities.

2. What is the difference between FI and CO in SAP?
A: FI stands for Financial Accounting, while CO stands for Controlling. Financial Accounting focuses on recording and managing financial transactions, whereas Controlling focuses on analyzing financial information to help in decision-making.

3. What are the sub-modules of SAP FICO?
A: The sub-modules of SAP FICO are General Ledger Accounting (FI-GL), Accounts Receivable (FI-AR), Accounts Payable (FI-AP), Asset Accounting (FI-AA), Cost Element Accounting (CO-OM-CEL), Cost Center Accounting (CO-OM-CCA), Profit Center Accounting (EC-PCA), and Internal Orders (CO-OM-OPA).

4. What is the purpose of a chart of accounts in SAP FICO?
A: A chart of accounts is a list of all the general ledger accounts used by an organization to record its financial transactions. It helps in classifying and grouping the financial transactions and also provides a framework for the preparation of financial statements.

5. What is a financial statement version in SAP FICO?
A: A financial statement version is a collection of financial statement items that are used to prepare financial statements. It provides a template for presenting the financial data in a specific format that is required by the organization.

6. What is the difference between a balance sheet and a profit and loss statement?
A: A balance sheet shows the financial position of an organization at a specific point in time, whereas a profit and loss statement shows the financial performance of an organization over a period of time.

7. What is a withholding tax in SAP FICO?
A: A withholding tax is a tax that is deducted at the source from payments made to vendors and employees. It is deducted by the payer and remitted to the tax authorities on behalf of the payee.

8. What is a tolerance group in SAP FICO?
A: A tolerance group is a group of users who have the authority to approve or reject transactions that exceed certain predefined limits. The limits can be set for various types of transactions, such as invoice postings or payment transactions.

9. What is a cost center in SAP FICO?
A: A cost center is a unit within an organization that incurs costs and contributes to the organization's overall expenses. It can be a department, a project team, or any other entity that can be attributed with costs

10. What is the purpose of automatic payment programs in SAP FICO?
A: Automatic payment programs in SAP FICO automate the payment process by generating payment documents, such as checks or electronic transfers, based on predefined criteria. This helps in reducing manual effort and improving the efficiency of the payment process.

11. What is the difference between a vendor and a customer in SAP FICO?
A: A vendor is a party who supplies goods or services to an organization, while a customer is a party who purchases goods or services from an organization. In SAP FICO, vendors are managed through the Accounts Payable (FI-AP) sub-module, while customers are managed through the Accounts Receivable (FI-AR) sub-module.

12. What is the purpose of the Accounts Payable (FI-AP) sub-module in SAP FICO?
A: The Accounts Payable (FI-AP) sub-module in SAP FICO manages the organization's accounts payable transactions, including invoice verification, payment processing, and vendor master data maintenance.

13. What is the purpose of the Accounts Receivable (FI-AR) sub-module in SAP FICO?
A: The Accounts Receivable (FI-AR) sub-module in SAP FICO manages the organization's accounts receivable transactions, including customer invoicing, payment receipts, and customer master data maintenance.

14. What is the purpose of Asset Accounting (FI-AA) sub-module in SAP FICO?
A: The Asset Accounting (FI-AA) sub-module in SAP FICO manages the organization's fixed assets, including acquisition, depreciation, retirement, and transfer of assets.

15. What is the purpose of Profit Center Accounting (EC-PCA) sub-module in SAP FICO?
A: The Profit Center Accounting (EC-PCA) sub-module in SAP FICO enables organizations to analyze the profitability of individual business segments, such as departments, product lines, or sales regions.

16. What is a company code in SAP FICO?
A: A company code is a legal entity within an organization that is responsible for its own financial accounting transactions, such as recording and reporting financial data.

17. What is the purpose of a controlling area in SAP FICO?
A: A controlling area is a unit within an organization that is responsible for controlling activities, such as cost center accounting, profit center accounting, and internal orders.

18. What is a house bank in SAP FICO?
A: A house bank is a financial institution that is authorized to manage the organization's bank accounts in SAP FICO. It helps in managing bank transactions, such as payments, receipts, and bank reconciliations.

19. What is the purpose of a profit and cost center hierarchy in SAP FICO?
A: A profit and cost center hierarchy in SAP FICO provides a structure for organizing and analyzing financial data at different levels of aggregation. It enables organizations to report on their financial performance and make informed decisions based on the financial data.

20. What is the purpose of a year-end closing in SAP FICO?
A: A year-end closing in SAP FICO is a process of finalizing financial transactions and preparing financial statements for the year-end reporting period. It includes activities such as posting depreciation, adjusting entries, and carrying forward balances to the new fiscal year.

Participants will have 24/7 access to our online lab, providing hands-on experience with SAP FICO tools and scenarios.

This includes server access to S/4 HANA 2023 for 1 year, ensuring you have ample time to practice and apply your skills in a real-world environment. With this extended access, you can work on projects, explore advanced features, and solidify your understanding of SAP FICO in the latest SAP S/4 HANA version.