SAP FICO

SAP FICO Training in Vapi is an abbreviation for Financial Accounting and Controlling (Controlling). This SAP FICO classes in Vapi will teach overview as well as the main functions of the SAP FICO module. Reserving Financial data and assessing to form the financial statement at the end of trading stint is the connotation of this course. SAP FI is composed of SAP FICO Training in Vapi submodules. Accounts receivable, accounts payable, asset accounting, general ledger accounting, and bank accounting are common sub-modules. All of the submodules are linked together and integrate in real time. It is possible to obtain a trial balance.

Accounting for general ledgers
General ledger accounting is used to manage all general ledger accounts that are used for reporting. A chart of accounts is a collection of all general ledger accounts used by a firm or group of companies in SAP. These are the accounts that will be used for financial statement preparation. The majority of transactions are logged in submodules and are reconciled in real time with the general ledgers. Journal vouchers, which are posted to alter or correct transactions, are examples of direct transactions in general ledger accounting. General ledger accounting can also be used to perform reversals. General ledger account balances can be displayed, and trial balances can be extracted from the system.

Receivables
Accounts receivables is a submodule in FICO SAP that documents all client transactions and organizes customer accounts. When transactions are broadcasted in customer accounts, reconciliation accounts in the common ledger are revamped in real time with the figures. Account receivable transactions include invoice posting, credit memo posting, down payments, invoice payment, dunning, and customer report execution.

Payables
Accounts payables is a submodule that captures and maintains all vendor transactions. When transactions are posted to customer accounts, reconciliation accounts in the general ledger are updated in real time with the figures. Account payable transactions include invoice posting, credit memo posting, down payments, invoice payment, and so forth.

Distinction between SAP FICO classes in Vapi and S4 HANA Functionality
S/4HANA's actual capability changes based on its release. Although some of the capability may be accessible in later ECC 6 expansion packs, However, many ECC 6 functionalities are still available in the GUI of S/4 HANA. You can sometimes easily improve and recognise transactions. Not only that, but old and fresh transactions coexist as well.

As an Example
Transaction numbers FAGLL03 and FAGLL03H are occasionally automatically diverted to new functionality. It could be similar to FK01->BP. Where the letter H is inserted at the end of a transaction, it appears to be a new S/4 HANA specific transaction. In any case, the letter N is frequently appended to new transactions. It also contains the transactions introduced with the SAP New GL. Furthermore, several are already present in newer ECC versions. The letter L at the end of some transactions appears to allow publishing to multiple ledgers, such as FB01 and FB01L, as well as many new asset transactions. People commonly refer to SAP Finance on the S4 HANA platform as SAP FICO HANA. However, it arose as a result of SAP's migration of its database from ECC to HANA. SAP HANA is a cloud-based computing platform that is faster, friendlier, and more adaptable in terms of user experience and deployment. Gives us further information regarding the transition.

SAP ECC to HANA Migration
Closing actions in traditional ERP were delayed since they could not commence until the period finished. Not only that, but many operational companies had their monthly closings, resulting in a large transaction volume at month's conclusion.
The transfer of SAP FICO to SAP S4 HANA Finance not only connects all operations but also SAP Fiori provides a high level of customizable UX (User experience).
Another significant advantage of SAP Finance on HANA or FICO HANA is its high processing speed, which results in speedier account reconciliation and finance activities such as period-end closing, report analysis, and so on.

SAP FI and SAP CO Integration
The combination of FI (Financial Accounting) and CO (Management Accounting) provides quick insights and on-the-fly analysis by utilising financial data at all levels. We should not forget that SAP HANA Finance can be implemented in a hybrid environment, i.e. on-premises, providing quick access to modifications and updates required in the process.

What are the SAP S/4HANA functions that make the biggest difference between SAP FICO and S4 HANA Finance?
SAP S/4HANA Finance's new features and functions distinguish it from SAP FICO and S4 HANA technologies. These functions are more complex, offer a better UX (user experience), and are in accordance with the most recent technology.
Let's have a look at them one by one now.
SAP Fiori is the first.
SAP Fiori, often known as the new User-Experienced, replaces most SAP GUI operations with more user-friendly smart Device apps such as Phone Tablets, etc. Informative and interactive applications are offered in the Fiori apps so that we may see the amount of overdue items or account balances.

S/4 HANA Finance Ledgers
Parallel Ledgers are available in SAP FICO course in Vapi as part of New GL. In addition to the Ledgers in S/4HANA Finance, we have Extension Ledgers, Simulation Ledgers, and Prediction Ledgers, also known as Predictive Accounting (From 1809 onwards). Postings are physically made to both the leading ledger and the parallel ledger when using an additional parallel ledger. The modifications are solely made to the parallel ledger. Whereas extension ledgers must be linked to a base ledger and only delta posts accepted. As a result, when you run an extension ledger report, it includes data from both the base ledger and the extension ledger. However, extension ledgers are not permitted in asset accounting. There are now eight more currencies that can be freely defined.

What is the function of SAP FICO?
SAP Finance (FI) is used for external reporting, such as balance sheets and income statements.
Material Management and FICO integration (MM)
FICO connection with Sales and Distribution is also available (SD)
SAP FICO also interfaces with Production Planning (PP) and other modules.
SAP FI Submodules
Accounting Accounts Receivables General Ledger Accounts Bank Accounting Payable Asset Accounting
SAP CO Cost Element Accounting Cost Center Accounting Profit Center Accounting Internal Orders Sub-Modules
Analysis of Product Cost Control and Profitability

Why do I need to study SAP FICO?
SAP FICO course in Vapi is the ideal option for SAP newcomers with a background or understanding in Finance and Accounting. It is also the first step toward upgrading to SAP S/4HANA.

Taking several classes always help and broadens our knowledge. Knowledge that can advance our careers directs and leads us down a longer career path. SevenMentor & Training Pvt. Ltd. is a place where almost all niches are well trained. Our trainers supervise and guide our learners to achievement. Online SAP FICO Course in Vapi assists students in learning and allows them to enter a solid firm. Our assessments and discussions completely motivate pupils and help them gain confidence.

• Freshers


• BE/ Bsc Candidate


• Any Engineers


• Any Graduate


• Any Post-Graduate


• Candidate seeking this course

• Our trainers have in total more than 12+ years of experience in corporate HR.
• They have a diverse experience of working with stakeholders across geographies and have created and implemented different HR strategies.
• Worked across different profiles within HR functionality like recruitment, talent management, payrolls, and HRBP before getting into training. In training, she started imparting training in Softskill then also into Techno- functional training as she has associated with IT Product Co.
• They have the flair for languages and fluency to explain complex HR concepts easily to students coming from backgrounds and years of experience.

Experienced candidates are always welcome. Employees can gain Corporate SAP FICO Course in Vapi after receiving training from SevenMentor & Training Pvt. Ltd.. Employees easily pass our examinations and practicals. Improving your knowledge should be your goal if you want to advance in your work. At training from SevenMentor & Training Pvt. Ltd.. we have a motive to develop your skills in which you are inquisitive. Our routine tests and placements can change your career route. It enables you to choose your career wisely and successfully.