Wednesday, January 13, 2021

SAP FICO Introduction and Overview


What is SAP FICO?

SAP FICO is the Finance and Cost controlling module in SAP ERP used for financial reporting externally as well as internally. SAP FICO is the combination of SAP FI and SAP CO; Where FI stands for Financial Accounting and CO stands for Controlling. SAP FICO is used for financial reporting externally as well as internally.


SAP FICO Introduction and Overview


SAP FI Module is used for external reporting i.e. 

  • Accounts receivables
  • Accounts payables
  • Asset accounting
  • General ledger accounting
  • Bank accounting, etc.

SAP CO Module is used for internal reporting i.e.

  • Cost center accounting
  • Profit center accounting
  • Product costing
  • Profitability, etc

Features of SAP FICO

  • SAP FI –The Financial Accounting highlight is utilized for external reporting like profit and loss statements, balance sheets, etc.
  • Real-time posting of Logistics (LO) accounting.


Businesses can improve their bookkeeping and Financial Management with SAP FICO as 

  • With the help of SAP FICO Businesses can solve financial issues and also help in implementing correct strategies and resolving complex issues with ease and accuracy.
  • It Beneficial for Finance Managers to compute the entire financial condition of the Business easily and relatively in lesser time. 
  • It helps Finance Managers while evaluating results, so they can define strategic decisions for future projections and objectives with a logical approach.
  • The businesses can look forward to enhancing their entire financial structure by integrating SAP FICO with other Business aspects like Sales, Human Resource, Production Planning, and Materials Management.
  • The availability of the sub-module in SAP FICO is an added advantage that is not available with other Financial Management ERP solutions. These sub-modules enable businesses to implement the all-in-one application for structuring and managing the entire financial and accounting structure.

Nowadays, with the assistance of SAP FICO, Financial Management frameworks are getting more coordinated with better record management, improved finance reporting, and ease in the decision-making process.


After SAP FICO Training at Best Online Career, you can be work on the following Job Positions

  • Senior SAP FI/CO Consultant
  • SAP FI (Audit Management) Consultant
  • SAP FICO Revenue Accounting and Reporting Consultant
  • SAP FI/CO Analyst
  • SAP FI Functional Lead
  • SAP Team Lead FI/CO
  • SAP FI/CO Director
  • SAP - FI/CO Business Analyst
  • Sr. Business Analyst - SAP FI/CO
  • SAP Specialist - FI & CO Modules

          And much more.


SAP FICO Online Training at Best Online Career

At Best Online Career will provoke the up-skilling tendency within you and ignite dedication to getting that position you aim for in the organization you aim for.  Keep your knowledge up-to-date by enrolling in our courses.


We provide SAP FICO Online Training with the following facilities

• Server access

• Free online demo session

• Lifetime access to SAP FICO training material

• Learning flexibility anytime anywhere.

Register Today to learn SAP FICO at Best online career.




Contact Us:

Email id: info@bestonlinecareer.com

Contact Us: +91 8408878222S


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