ODI Training

SAP FICO Training – Different Modules To Know

SAP FICO stands for System Analysis and Program Development Finance and Control, which is an application or software used for the purpose of measuring financial data in any business. It is generally used for external reporting like preparation of Profit and loss statement and balance sheet. When it comes to getting SAP FICO training, it can be further divided into SAP FI and CO.



SAP FI:

Training in this portion encompasses different modules. Initially, there will be an education in General Ledger Accounting that is a complete reports for internal and external accounting. This encompasses, recording of all sorts of business transactions in different statements like debits, credits, balance sheet, journals. There is also accounts payable statement that records and manages all accounting data pertaining to vendors. There is also an accounts receivable statement that keeps record and manage all data pertaining to customers. In this module, bank accounting is included and this means the course takers will be in a position to understand all bank transactions in the system and cash management as well.

SAP Co:

When it comes to this part, it encompasses modules like profit center accounting, profitability analysis, product cost controlling, activity bases costing, internal orders, etc.

Therefore, SAP FICO training will help the course takers to get experience on a knowledgeable level. In general, it will provide knowledge of working with financial and controlling modules of the application.

There are institutions that offering other courses in SAP like SAP HCM Training and even education in other business friendly applications like Hyperion training as well.


SAP HCM:

When talking about HCM application, it will help HR department in an organization to drive business execution with comprehensive, flexible and engaging solutions that are competent to start from anywhere and still go anywhere. So, when a candidate wishes to shine in the HR field, the best thing he can do is to opt for SAP HCM training. Not only individuals, but also organizations can provide this sort of training to the staff in their Human Resource Department, to improve the efficiency of this department, which will play an important role towards the development of the overall organization and for organizational success.

Hyperion:

When it comes to Hyperion training, it is something related to business intelligence. The aim of this course is to support effective decision making for businesses. So, when the top management in an organization gets this training, they will arrive at better decisions to improve the overall performance and turn over of the business without any doubt whatsoever.