SAP is one of the largest providers of enterprise software application towards better enterprise resource planning. SAP stands for Systems, Applications, and Products in Data Processing. Back in 1972, SAP was founded launching business solutions that help organizing processes in enterprises. Over the years, different modules in SAP were developed for different processes. SAP Finance and Controlling (FICO) is one of the most widely used SAP modules. SAP FICO module includes SAP FI configuration, SAP CO configuration, SAP FI user and SAP CO user. Anyone looking forward to begin their career as an SAP FICO consultant needs to build a strong base covering all these aspects of SAP FI module and SAP CO module. Let’s have an overview of SAP FI and SAP CO module.
SAP Financial Accounting as the term suggests upgrades finance management in enterprises. Finance is the most critical part of every business and this aims at the perfect management of finance. It becomes stressful and complex to manage the entire financial accounting part by man-power. Therefore, SAP FI module has emerged as a popular module successfully implemented in organizations. SAP financial accounting module comes with a package that helps organizations in handling financial needs and accounting activities. It allows one to review the financial status of an organization in real time market. Popular components that comprise the FI module are:
Professionals need to have a complete overview of SAP FICO in order to become a successful FICO consultant. Financial Accounting and Controlling is inter-related and helps one to manage a better business process towards better finance accounting and data management. SAP implementation is complex and requires adequate training. Thought it is not mandatory to take up SAP FI consultant training and SAP CO consultant training, it is widely recommended by experts to attend SAP FICO training to enhance one’s understanding on the same and build expert hands on using SAP FICO module towards better management of finance accounting and reporting in enterprises.
SAP is one of the largest providers of enterprise software application towards better enterprise resource planning. SAP stands for Systems, Applications and Solutions.
Eshna is a writer at Simplilearn. She has done Masters in Journalism and Mass Communication and is a Gold Medalist in the same. A voracious reader, she has penned several articles in leading national newspapers like TOI, HT and The Telegraph. She loves traveling and photography.
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