Sap Training In Noida-Skywebcom

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SAP FICO
INTRODUCTION

SAP FICO refers to Financial (FI) and Controlling (CO). These two are the core modules of SAP. FI is used for external reporting purpose whereas CO is used for the external reporting purpose. FICO module is integrated with the other module of SAP which is Sales & Distributions (SD) and Material Management (MM) module.

Sap Training Institute in Noida-Skywebcom

An overview of FI sub-modules


The sub-modules of FI contain various modules such as Enterprise Structure, General Ledger, Accounts Payable, Accounts Receivable, Bank Accounting and Assert Accounting. 


ENTERPRISE STRUCTURE


Sap training in Noida-Skywebcom

It is an organizational structure that represents the enterprise in the SAP system and it is a portrayal of an enterprise hierarchy that comprises of ‘Client’, ‘Company’, ‘Company Code’, ‘Business Area’ and the ‘Functional Areas’. Let’s have a brief discussion about all of these.

 COMPANY

·    It is the smallest organizational unit where financial statements of individuals are drawn as per the appropriate commercial law. In SAP, a group unit is called ‘Company’.

·   Company is consisting of one or more company codes where it is mandatory for all the company codes to use the same COA & the same fiscal year within a company.

COMPANY CODE

·     Company code is a unit of financial accounting where a complete set of accounts is drawn for the purpose of the external reporting.

·  Company code keeps the record of all the relevant transactions and generates all the supporting documents which are required for the financial statements.

BUSINESS AREA
        ·  For business areas, financial statements can be created easily where you can use these statements for several reporting purposes.

CREDIT CONTROL AREA

·   It is an area of the organizational entity that grants & monitors the credit limit for customers. The credit-control area includes one or more company codes.
·  Credit control area is used for the payment purpose on account to credit the respective payments.

There are different types of the variant in Financial Accounting in global settings such as ‘Fiscal Year Variant’, ‘Posting Periods Variant’, ‘Field Status Variant’ and many more.
·         Fiscal Year Variant- Fiscal year variant is used to define the ‘Fiscal Year’. The fiscal year is just as it is used for the company code.

·         Posting Periods Variant- Every posted transaction is assigned to a particular posting period. Transactional figures are updated for a period within the fiscal years and each company code is referred to one variant only.

·         Field Status Variant- It is a group of several field status groups where it specifies which field is required either optional or suppressed.
So it is pretty obvious now that SAP FICO is indeed one of the core modules of SAP and as a career option it would be a great choice.

Webcomtechnologies is the foremost IT institute of training that offers comprehensive training of SAP FICO. Training of SAP FICO is offered by highly qualified trainers who have experience of 32 years and they offer the training on the basis of live scenarios. Webcomtechnologies not only gives the comprehensive training of SAP FICO but it also gives 100% placement assistance in top companies. 


Location: B77, sector 64, Noida, Noida, Uttar Pradesh 201301, India

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