What are the Benefits of SAP FICO Training in Delhi?by Talent Magnifier Talent Magnifier
SAP (System, Applications and Products) is a complete business solution for enterprises as it caters all the needs of data management in an organization for almost all types of industries. With SAP FICO Course in Delhi, you can learn these things:
SAP FICO module has two components:
SAP Financial Accounting (FI)
The first SAP Financial Accounting (FI) which deals with external aspects of the financials of an enterprise. It has modules for Assets, Accounts payables and receivables, bank and ledger accounting and fund management. It is majorly being utilized in banks for generating financial transaction reports and better handling of accounts.
SAP Controlling (CO)
The second part is SAP Controlling (CO) which monitors, optimizes and controls over the financial aspects of a business. It deals with cost and profit centers, cost element accounting, internal orders, profitability analysis, managerial accounting, valuations etc.
The CO module deals with the way the data, analytics and reports from the FI module are used in a business perspective to help them make better decisions and optimize costs.
FI and CO modules store large amounts of financial data and the required tools that assist in performing the various transactions, generate important reports and maintain a highly reliable financial system.
Both SAP CO and SAP FI modules are independent components and the data flows between these components gets such as relevant to cost flows to Controlling from Financial Accounting.
The system assigns the revenues and costs to different CO account assignment objects, such as business processes, cost centers, projects or orders.
SAP FICO is highly used solution module as it can be easily integrated with other SAP modules such as SAP SD (Sales and Distribution), MM (Materials Management), PS (Project Systems), and SAP PP (Production Planning).
With the SAP Training Institute in Delhi, this software provides solutions in areas such as preparation of financial statements, analyzing, and reports and generating charts so that relevant information is presented to the management with higher accuracy and relevance.
SAP FICO module caters the needs of business in many ways such as it enables smooth financial accounting and controlling functions, provides quick, reliable and relevant data to meet the external reporting tasks such as Profit and Loss Statements, Balance Sheet, and Profitability Analysis, etc.
It helps in tracking and monitoring data of different cost and profit centers situated across the globe from one single platform and provides real-time financial processing which enables quicker management decisions which respond to changing business requirements effectively on time.
It is a tool which improves corporate performance and business strategy formation and simplifies processes such as scheduling, financial consolidation, reporting, collaboration with other departments and brings about transparency across the organization.
Therefore, in the ever-changing world of Technology SAP FICO professionals are in demand as it is imperative for enterprises world over to quicken business growth with the help of efficient business solutions such as the SAP FICO ERP Software.
SAP FICO Consultants in Delhi can either be a Technical Consultant who implement actual solution or a Functional Consultant who maps the business requirements to an SAP environment. Therefore, with this training individual can become professionals by acquiring new skills which accelerates their career by making it more stable.
Created on Oct 15th 2018 01:29. Viewed 254 times.