What is SAP FI Module

What is SAP FI Module ?

The SAP FI Module has the capability of meeting all the accounting and financial needs of an organization. It is within this module that Financial Managers as well as other Managers within your business can review the financial position of the company in real time as compared to legacy systems which often times require overnight updates before financial statements can be generated and run for management review.

The real-time functionality of the SAP modules allows for better decision making and strategic planning. The FI (Financial Accounting) Module integrates with other SAP Modules such as MM (Materials Management), PP (Production Planning), SD(Sales and Distribution), PM (Plant Maintenance),and PS (Project Systems).

The FI Module also integrates with HR(Human Resources) which includes PM(Personnel Management), Time Management, Travel Management, Payroll.Document transactions occurring within the specific modules generate account postings via account determination tables.

What is SAP CO Module ?

Represents the company's flow of cost and revenue. It is a management instrument for organizational decisions. It too is automatically updated as events occur.

The SAP CO (Controlling) Module provides supporting information to Management for the purpose of planning, reporting, as well as monitoring the operations of their business. Management decision-making can be achieved with the level of information provided by this module.


Source:
http://en.wikipedia.org/wiki/SAP_R/3
http://www.thespot4sap.com/IntroTo/SAP_FI_Module_Introduction.asp

59 comments:

Anonymous said...

I have done my MBA Finance in 2006and got placed in an MNC bank right after my course. I would like to know whether there is any opportunity for me in SAP.

sap helper said...

Yes, as you have a degree in finance and also have domain experiance, you can look forward for a career in SAP fico

dinesh said...

Hi,

I am a B.Com + MBA in Finance from Mumbai University. I have about 5 years of experience in Equity Research and Investment Banking. I am keen to switch SAP - FICO and work as a fresher. Can you please guide me abt this ? How are the opportunities ? Which are the good training institutes in Mumbai (apart from Genovate, Siemens, BPCL)

Thanks

P.Mohan kumar said...

My Name is Mohan kumar
I have done my Bcom in 1998. I got the job in construction department.
Presently i amdoing the job in accountnt in private company. I would liketoknow whether there is opportunity in SAP FICO doing. Presently it is best r not . I had 4 years exp in construction
plz mail pmkumar2006@gamil.com

Jhansi Reddy said...

hi kavitha here,
Im a computer graduate(MCA),What is the module that best relates to my qualification. can somebody pls help me out.

murali said...

Hi Everybody,

We are Providing E-Learning/Inhouse Training for All SAP Modules and based in Bangalore.

Contact us for any enquiry and we are here to help you out in any of your doubts;

Murali Mohan
Marks Solutions
maru.murali@gmail.com
09986763716

Anonymous said...

hi friends
please let me know if there are any good sap training institutions in indiranagr,malleswaram,in bangalore apart from siemens.

radha said...

i have done my bcom .i to do sap .i would like to know wheather tere is any oppertunity for me in SAP . which module best for me.tell me good sap institutions address & ph no

Roma said...

Hi,

Can anybody please help me with online study course material for SAP FICO

sudheer said...

SAP FICO Training in Bangalore
Dear Sir/Madam,
Greetings from Sudheer.K
SAP support is the foundation for driving functionality enhancements and SAP knowledge to the user community. No matter what your current situation is, it is never too late to take the necessary steps to optimize SAP and surrounding business processes, boost user satisfaction, and improve overall business results.

Topics to be covered in the SAP Financial Accounting and Controlling (FI/ CO) training:

I. Basic introduction of ERP and SAP

II. FI Module
Enterprise / Organizational structure and Global settings

General Ledger ( GL ) Accounting configuration

Accounts Receivables ( AR ) and Accounts payable ( AP)

Reporting Strategies

Payments a payments program, dunning program, interest calculation etc.

Cash Management

Asset Management and Accounting

Special Purpose Ledger configuration techniques

Overview of Consolidation, Bank Accounting, Funds Management and Contract Accounting


III. CO Module

Cost Center Accounting a Configuration and settings includes controlling, cost center, cost elements and overhead orders.

Cost Element Accounting

Product Costing and Activity based costing

Internal Order accounting

Profit Center accounting and Profitability Analysis

Additional important topics

Integration of FICO with other logistics modules like MM, SD and PP

CIN Introduction.

Implementation methodology

Focus on ASAP Methodology and COPA

Information of different versions and up gradations.

Highlights of the training:

Lifetime of notes and study material

Case Studies and mock projects using sample blueprint and configuration documents

Interview and job oriented curriculum.

Resume discussion and mock interviews

Test and assignments to evaluate the candidate's performance

Full assistance in placement


SAP 6. 0 ECC focuses on system configuration, integration with financial accounting subsidiary ledgers and with controlling, periodic processing, reporting financial statements, valuating foreign currency to name a few.


Contact details:
Contact person: Sudheer.K
e-mail: fico4sap@gmail.com
Phone number: 9538238756

"We believe in letting our training speak for us"



Related Software Programs or Products:

Please feel free to write me your questions. I would be happy to answer all of your queries.

mujeeb said...

Hello Lads,
I am recently graduated,I completed MBS (E-business) from Michael Smurfit Business School,Ireland and have done my B.com(computers) from India.Basically i dont have any work experience nor i am a teche.. Could anyone recommend me about any suitable online Sap module.. So tht i can polish my career.

Nishit said...

ello.. i am a BMS fresher.. i have done specialiaztion in finance... so can i do SAP fico module.. now.. ??

Tarique said...

hi m tarique...
i have done my bcom now.i to do sap .i would like to know wheather tere is any oppertunity for me in SAP . which module best for me.tell me good sap institutions address & ph no. in pune

Anonymous said...

I am an Comp sci graduate and having nearly 10+ years experience. Audit 6 years, Banking 3 years, BPO (Financial Services) 3 years. When I opt for SAP job (after completing FI) will the co's look out for PG degree from me?

neha said...

Hi,

I am Science Graduate and have done MBA Finance in 2009. I have 1.5 yrs of exp in operations in a US based bank. I want to know whether there is any opportunity for me in SAP Finance module and what are the carrer prespectives after SAP.

ranganath said...

Dear friends,
I had completed my B.Com in 2007 and having 3 years Accounts experience. After making lot of enquiries and verification, I decided to join one SAP Consultancy firm in Bangalore to get SAP FI/CO Project exposure. After 3-4 months exposure, I tried for job. After 3 months, continuously trying for job, ultimately I got the job in Bigtech SAP Consultancy firm, Bangalore as Associated Consultant. If anybody needs guidelines in this regard, can E-mail to:ranganathksapfi@gmail.com

guidancecell said...

Dear SAP Aspirants,
Getting job in SAP field is not so easy. But one should move in right track. So many institutes in India to train you. But which one to select? What really companies looking for SAP jobs? Don't take decision in hurry and loose your valuable time & money. For genuine guidance regarding SAP training & placement, E-Mail to: guidancecellblr@gmail.com

Rocky said...

Hi I am a B com graduate with 7 years of experience in collections includes 3 yrs in MEC corporate Organisation. i would like to know what modules in SAP i should learn which would help me in enhancing further good opportunities in the collections field.

Anonymous said...

HI FRNDS , I HV DONE MY MBA FINANCE IN 2009 DEC.AND I AM WORKING IN PHARMA.FRIM.N I WANT TO EXPAND MYSELF N WANT TO DO SAP COURSE, WHICH COURSE IS BETTER FOR ME.ALSO TELL ABOUT FEE STRUVTUR , TIME PERIOD OF COURSE.

Anonymous said...

HI FRNDS , I HV DONE MY MBA FINANCE IN 2009 DEC.AND I AM WORKING IN PHARMA.FRIM.N I WANT TO EXPAND MYSELF N WANT TO DO SAP COURSE, WHICH COURSE IS BETTER FOR ME.ALSO TELL ABOUT FEE STRUCTURE , TIME PERIOD OF COURSE.PLS TELL ME AS SSON AS POSSIBLE.

arun said...

Hi,
i pursuing MBA vizag i am interested to do sap but i had an exp in IBM domestic call center but it is not related to this field .can any body help me right method

my university has two specialization (hr+mar)Or(fin+mar) can u help me friends
presently i want to move to Hyderabad for sap i need a guidelines from you..!
can E-mail complete details
vedantham.arunkumar@gmail.com

Anonymous said...

Raja.,
Can i know where SAP Certification can be get., i have passed out MBA 2010 in finance and HR., I don`t have any work exprience. can u give info on YASH Technologies

Poornima said...

Hi,

I am a Bsc Graduate and working in HP BPO(Non Voice) as Process Associate.. Want to know can i take up SAP training and Kindly help me which module would suite me the best as i am BSC (CBZ)Graduate.

SAP FICO PROJECT EXPOSURE said...

LEARN SAP FICO IN SAP CONSULTANCY FIRM, BANGALORE:

SAP Project exposure starts from Real Time Business Blueprint with Flow Chart including Questions and Answers database.
Preparation for Baseline Configuration: To collect input for configuration: Accounts Group, Chart of Accounts, House Banks, TDS, VAT, Fixed Assets, Cost Centres, Profit Centres, etc.,
Preparation of SAP End User Documentation with UAT.
Handling Support Issues.
LSMW, BDC Report, New GL and Document Splitting, Asset Revaluation, Cross Company Code transactions, SAP Landscape, I F R S – Theory, Configuration and Business Process.
E-Mail: guidancecellblr@gmail.com

neeru said...

I have done my b.com.+ m.sc. financial computing from kurukshetra university kurukshetra & now i have placed in a mnc my total exp. is 10 months till now. I would like to know whether ther is any opportunity for me in SAP
& please provide the detail of best sap training institutes in gurgaon. reply me on nmoudgil786@gmail.com

ankit said...

Hi,
I am software engineer working in some MNC and having only months of experience in that. I am strongly intrested in analytics and finance. Can i switch to SAP FI/CO..?? Will i able to understand the concepts of FI/CO, as i am not from commerce background so i am very much in confusion whether to opt it or not..??Can anybody help me out in this..?? I am very thankful to the.

Regards
Ankit

varun said...

can any one tell me any good SAP training institute in delhi.

niharika said...

I i have done my graduation in Btech CSE. I have heard a lot about this SAP course,but i am not able to figure out which module would suits me the best. Kindly help me out to find it out.

kartika said...

i have done m.com and i want to know which module related to my qulalification.and how much will be cost that moudle. plz help me
email addresse:- 1988phadnis.kartika@gmail.com

amsher said...

hi, i am amsher from kerela, i have 3years experince in sap mm module and i got the training from authorized sap agency in saudi arabia, do u have any opportunities please mail me,

sap training said...

Hi,
This is a great post. SAP has two types of modules: sap function module (SD, HR, PP, CO,FI QM etc.), and sap technical module(ABAP,Basis).
For a technical graduate sap technical module will be beneficial and sap function module for others.
Contact For more details @JKT SAP Academy

Anonymous said...

I have done MBA in IT and got placed in an INDIAN MNC firm as QA ENGINEER. Since past 5 years now, I am into it and heard many of my friends and globe talking about SAP. Please suggest if and how SAP would help me as a career oppurtunity.

Kirshnan said...

I am working in Mainframe technology for the last 4.5 years.Now thinking of pursuing a career in SAP.I don't know any have prior knowledge of SAP.Can anyone guide me how to achieve my goals.

Anonymous said...

Dear RC students,

Pl take a look at the following link

http://rcstudentclub.wordpress.com/

and see for more updates. RC sir will share his knowledge and a complete list of RC students will be updated.
Hope this initiative will benefit all of us and also the new/freshers to SAP.CRM
Regards
Rupendra Weeregyaku
weeregyaku@gmail.com

Shalu said...

Good work yaar,

http://rcstudentclub.wordpress.com is truly helpful for those who want to undergo SAP CRM Online training from Ramcharan. Really new comers in SAP CRM field are lucky to know who is Ramcharan so soon. You made it possible. Keep up rupendra.
Cheers
Shalu Rathode Singh
Gurgaon

Rajmohan said...

Hi All,
Please read this carefully.

We a batch of 14 candidates joined SAP CRM course at Vertion IT, where jawahar is teaching. We were guided by our seniors who heard about him. But after we joined and paid full fees within 10 days we realized the blunder we did. 1st module Base customization was finished in just 10 days. Not understanding any topic we were confused what to do. Then we decided to attend demos, started hunting for good faculty for SAP CRM. Atlast we found Ramcharan after attending 5 classes of different faculties. Ramcharan is passionate about SAPCRM and Training. We could not hesitate to ask him to allow us as a batch to join and we paid fees immediately. So it's a lesson for all those who blindly follow suggestions of their friends, seniors or colleagues. Don't be blind and waste your money and time. Keep open yourself and try to find good faculties. Time is precious than anything and with time you either loose or gain confidence.

Anonymous said...

Ramcharan sir can make you so positive with his mesmerizing teaching skills and make you believe that you are a born SAP CRM consultant and can handle any project.
Snigdha, Rajkot

Prasu said...

Whatever, anyone who wants to do a course need to see 3 important things
1. Trainer's knowledge
2. Presentation skills(make us comfortable and confident)
3. Trainer's discipline
If you find 3 things in any faculty join bliindly. Don't get influenced by friends or institute names. You can attend demo right? Attend, enquire and join. It's not money which will get wasted if you join wrong institute or wrong faculty, It's 1. Time 2. Confidence and 3. Josh/Zeal which you loose. And it is very difficult to get them back.
Just to add to help SAP seekers i have seen faculty Mr. Ramcharan who has these 3 qualities. He will not make any kind of promises nor will get you job. He will impart the necessary knowledge to be successful and confident. He has tremendous knowledge and fabulous expressive skills and is highly desciplined. You see such type very rarely.
Lakshmi Prasanna

Anonymous said...

Recently completed training online in sap-crm and felt satisfied with the knowledge and explanation. It's very difficult to find genuine faculties that too online. I have been waiting for a faculty who has decent knowledge and explain well and being in some other location, with busy schedule everyday, without seeing faculty directly it is risky. After seeing my friend's reviews about rcstudentclub i attended demo online and later joined the course. I was happy the way RC took classes and the patience he has to explain again and again.

http://rcstudentclub.wordpress.com/ is helpful for all those who want to undergo online training in sap-crm from Ramcharan sir and this dedicated student community will suggest faculties/institutes genuinely for other modules also.Hope they introduce other modules soon.
With best regards
Phanibhushan,Dandenong.

Baijayanti Malakar said...

Ramcharan is surely a most valuable Diamond in the SAP crown, I saw and attended so many training's but the way he takes you through the topic is simply outstanding, he uses most easiest and best examples. I salute to his passion for training and wish him with all the blessings from parents of his successful students.
God bless his passion.
Baijayanti Malakar,Siliguri

rcstudentclub said...

All the sap consultants who are working in SD, ABAP, CRM functional & Technical definitely need to know and learn Middleware. Understanding the replication from CRM to R/3 back-end system and the different loads (initial & delta loads) and middleware connections and request load for objects will be very useful for them. Only one faculty RamCharan sir at hyderabad is explaining and teaching middleware course both classroom and online. visit http://rcstudentclub.wordpress.com/ and get details like course curriculum, duration etc. Make the most out of this excellent opportunity. Good luck
rcstudentclub

Isaac E Wright Wright said...

Now a days sap fico is highly learning course ..in all countries..your providing such a good information on this blog ..its..really appreciate..
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Thanks for sharing the information of SAP FICO

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21st Century Software Solutions said...

SAP - FI/CO (Financial and Controlling)

Explanation about ERP, what is SAP? R/3 architecture sap methodology
Meaning, Defining & Assigning the organisation structure like

Create SUB-Asset master - Asset purchase posting - Sub Asset purchase posting - View Individual Asset - View Asset balances by Business Area - Asset Sale posting - Asset Transfer - Asset Scraping - PAYMENT TERMS - REVERSALS - CASH JOURNAL - Controlling - - Define Controlling Area/li> - Define Number ranges for controlling - Documents - Versions - Cost Element Accounting - Types of Cost elements/li> - Different types of cost elements - Different types of defining cost elements - Primary cost elements - Secondary cost elements - Make changes of cost elements - Defining Cost element group - Posting using cost elements - Cost center Accounting - Defining cost centers/li> - Define Cost center group - Cost center standard hierarchy - Repost cost - Repost controlling line items - Line item display - Cost center wise report - Settlement & Distribution - Define Cost cycle - Cost center wisevariance report - Defining cost center under field status group as a required entry - Posting of the documents using cost elements and cost centers - Internal orders - Define overhead rates & groups - Define calculation bases - Integration With Mm & Sd - - Employees to learn at their own pace and maintain control of learning “where, when and how” with boundless access 24/7by 21st Century Software Solutions. contact@21cssindia.com - http://www.21cssindia.com/courses/sap-fi-co-online-training-40.html

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