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Sap Fico Certification Take Your Career To The Next Level
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SAP is the world's leading ERP (Enterprise Resource Planning) software organization. SAP intend for Systems Applications and Products in data processing. SAP has evolved a program of courses over the years which mainly intend in educating the IT professionals regarding their products and modules. SAP has various modules and SAP FI and CO is some of them.
SAP has several benefits. It helps integrate many various modules, it's quicker and cheaper and all the reporting can be completed in real time. SAP is available in multiple languages (40+) in multiple countries (225+) managing multiple currencies (200+). It also significantly decrease the man power required for the work.
In a SAP FICO Certification FI means Finance and CO used for Controlling. SAP FICO module deals with external and internal accounting. The useful components of SAP FICO are for Finance: account payables, account receivables, General ledger and fixed assets. For the Controlling: product costing, profit centre accounting, cost centre accounting, internal orders and profitability analysis.
SAP FI (Financial accounting) is an essential core module where real-time transactions for financial processing can be done which then give the basis throughout which data can be used for the use of external reporting. SAP Software’s SAP FI module helps the businesses to mix several parallel modules which otherwise might have desired the use of many software packages. SAP FI has the ability to meet all the financial and accounting requirements of an organization. Usage of SAP FI module allows for enhanced strategic preparation and judgment creating.
In SAP "Managerial Accounting" is cited as 'Controlling'. The structure components of CO were simply mentioned on top of showing that the SAP CO module facilitates the managers by giving reports on cost centers, profit centers, profitability etc. In inequality to FI, CO centers more on internal users. The transactions that are done in FI are sent to CO for cost accounting processing, analytical reporting and audit-controlling.
To acquire a SAP FICO certification, you required to read the courses of TFIN50 and TFNI52. You can check the syllabus of this SAP Certification from official sap website. The syllabus helps you to understand that on which subjects you need to be focused more on. There are solely some steps you need to follow to get you registered for the certification. This SAP certification is an extremely important step in careers of a lot of finance majors and accountants out there since Controlling and Financials are the two most important part of functionality which are necessary to the run the accounts of a company. There are a lot of colleges and even companies that offer training in SAP FICO and it is a chance that should not be missed.
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