SAP FICO Online Training

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SAP FICO Online Training
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What is SAP

• SAP (Systems, Applications and Products). It is
  used in data processing.
• SAP containing several modules, it plays major
  role in marketing and sales, field service,
  product design and development production and
  inventory control, human resources, finance and
  accounting .

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SUB Modules Of sap
There are two types of SAP Modules. Functional
modules SAP Production Planning SAP Material
Management SAP Finance and control SAP Human
Resources SAP Customer Relationship Management
SAP Sales and Distribution Technical modules
SAP ABAP SAP XI-Exchange Infrastructure Net
viewer Basis
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What is SAP FICO

• SAP is having lot of modules in this one of the
  famous module is FICO (Financial Accounting) CO
  (Controlling). Every organization or company is
  having the Enterprise resource planning (ERP),
  ERP is containing the product planning,
  development, designing, sales and marketing in a
  single database.
• The SAP FICO is the best module for ERP, the FI
  and CO both modules can store the financial
  transactions data of the company or organization.

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SUB Modules of SAP FI

• SAP Financial Accounting (FI) is also having some
  sub modules. These modules are useful in
  maintaining organization financial issues and
  dealings.
• General Ledger.
• Accounts Receivable and Payable.
• Asset Accounting.
• Bank Accounting.
• Travel Management.
• Fund Management.
• Legal Consolidation.

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Sub modules of co

• SAP (CO) Controlling is another powerful SAP
  module offered to an organization. It supports
  equalized, monitoring, and optimization of all
  the processes in an organization or company.
• Cost element accounting
• Cost center accounting
• Activity based accounting
• Internal orders
• Product cost controlling
• Profitability analysis
• Profit center accounting

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Where do we use SAP Fi

• SAP FI module is enable us to manage financial
  accounting data with an international framework
  of multiple companies, currencies. It deals with
  the following modules.
• Fixed asset
• Accrual
• Cash journal
• Accounts receivable and payable
• Inventory
• Tax accounting
• General ledger
• Fast close functions
• Financial statements
• Parallel valuations

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Advantages of sap fico

• SAP FI provides one of the most comprehensive
  worldwide financial management solutions
  available today. Using SAP FI, an organization
  can improve corporate performance. Besides, SAP
  FI enables you to quickly read, appraise, and
  respond to changing business situations and come
  up with effective strategies. 
• Another advantage of SAP FI is a better ability
  to manage cash across countries, locations or
  continents. Apart from this, it also allows you
  to report, assess, and allocate cash in real
  time, and set up in-house payment centers or
  banks.

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Advantages of SAP FICO

• Besides improving financial and managerial
  reporting, SAP provides the flexibility to report
  performance according to organization, cost
  centre or business unit, and also improves
  integration of finance and treasury processes.
  One can also integrate risk and treasury
  functions with those of accounting and financial
  reporting.
• SAP provides for a more competitive cost of
  finance and also helps you innovate processes,
  team up with partners across a supply chain, and
  establish service operations worldwide in a
  collaborative manner.

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Advantages of SAP FICO
In addition to the above advantages, SAP FI also
deals with a wide range of governance as well as
compliance issues, such as the segregation of
duties, compliance to the Sarbanes-Oxley
standards, as well as adherence to IFRS and Basel
II rules and regulations. For more details
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training with industrial experts.
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