What Are Sap Fico Training Modules All About?

SAP FICO refers to System Analysis and Program development Finance and Control. This is software meant for determining financial data in a corporate organization. It is intended for outer reporting for example the Balance Sheet along with Profit and Loss Statement.

FICO Modules consists of two parts. Such as

1. FI (Financial Accounting)

2. CO (Controlling)

Financial Accounting

FI Module in complete sap fico training courses is meant for outward reporting of an organization namely financial statement reporting to investors, stakeholders and other agencies financed their money in it or concerned about the business. Financial Accounting is also useful for reporting outward purposes by recovering data from generating legal Financial Statements. Financial Accounting is greatly incorporated with sales and distribution in addition to Material Management. Material associated accounting papers are shifted flow from MM to Financial Accounting plus all sales associated accounting documents are shifted from SD to Financial Accounting module.

Controlling

Controlling module offers operating information to the administration of a company to aid in decision-making as well as corporate analysis. It signifies the in-house accounting perspective of an organization. It also offers data to managers to support cost management and processes of the organization.

Practical training in accounting

Hands-on training in accountancy is a compulsion in the field and the requirement for such training is gaining more significance. Useful training in accountancy has several important benefits one of the most essential ones being the prospect to get some real world experience. One is able to improve their acquaintance in the field and gains a better exposure to problems and develops awareness of several subjects. One gets the opportunity to get in touch with professionals and clarify any sort of misunderstandings. Hands-on training in accounting enables one to gain a superior understanding of the accounting business as one.

Some of the finest stuffs about SAP in a business are that they aid in track financial budgets and prepare in view of that. They can assign activity centered cost analysis through all processes and manage cost differences through launching an effective control, form suitable and useful management reports that can go a long way in confirming appropriate reporting within the organization.

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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