Everyone knows SAP is one of the largest enterprise software application providers to ensure better resource planning. It is an abbreviation for Systems, Applications, and Products in Data Processing. Recently SAP FICO certification gained a lot of popularity, and it is nothing else but one of many modules developed by SAP.
THE SAP FICO module consists of the following –
- SAP FI
- SAP CO
About SAP FI
SAP FI stands for Financial Accounting, one of the significant modules of SAP ERP. It assists in analyzing a company’s financial conditions in the market.
Financial is undoubtedly a critical part of every business for which perfect management is necessary. However, managing it only through man-powers is a complex issue, and that’s where the SAP FI module comes into the picture.
The SAP Financial Accounting module includes everything that lets an organization manage financial needs and accounting activities. One can know the financial status of their organization in the market in real time with its help.
Here are some popular components of the FI module:
- Accounts Payable
- Accounts Receivable
- Account Consolidation
- Asset Accounting
- General Ledgers
About SAP CO
SAP CO stands for SAP Controlling and is another significant component of SAP. It deals with a business’s cost analysis, cost planning, cost analysis, and overhead management. While SAP FI is concerned with external reporting, SAP CO primarily focuses on internal management.
With SAP CO, the management inside the organization is informed about all costs and profitability analyses. It provides a better view of an organization’s financial reporting and makes it feasible to manage records and make informed decisions related to an organization.
Opportunities with SAP FICO Certification
Getting SAP FICO certification is a big achievement that opens up myriad opportunities in finance and accounting. When you have its certification that exhibits you as an expert in managing financial accounting and controlling tasks within SAP software. Finally, you can land a lucrative paying job in various sectors, including;
- Banking
- Healthcare
- Manufacturing
- Automobiles, and many more.
Responsibilities of SAP FICO Consultant
After obtaining SAP certification in the FICO module, an individual can get a job in any field where their responsibilities will include the following:
- Gaining clarity on the business requirement of the entity
- Prepare a blueprint with accuracy for the implementation of the project
- Implementing the project
- Confirm the reports requirements
- Impart training to end-user
- Clarify routine queries of end users
Salary Expectation with SAP FICO Certification
A fresher SAP FICO certified with less than two years of experience can get a job with a pay package of nearly 3-5 lakhs per annum. However, SAP Consultants with 4 to 9 years of experience can expect a pay package of 7 per year. Finally, an experienced SAP FICO consultant can earn a salary of 11-12 lakhs per year.
Steps for Obtaining SAP FICO Certification
To become FICO certified, you need to follow specific steps. We have explained them all in detail below-
- Work on your basics – When you have basic knowledge of accounting and finance, it becomes easy to move ahead smoothly on this career path. So we advise you to enroll in an accounting course if you are not from this background.
- SAP-FICO Certification – After clearing your basics, you must undertake the SAP certification process. The process involves a series of tests and seminars. One has to take classes and exams and finish an assignment.
The difficulty of SAP FICO Certification
Clearing the SAP FICO exam is undoubtedly not a cakewalk, and one needs to work hard, train properly, and enhance knowledge to clear it.
To obtain accurate study material and proper guidance, you can reach out to renowned platforms that provide its training, like Original Dumps. From our platform, you can expect up-to-date information, relevant study material, 24/7 support, and everything you need to make your preparation leisurely.
In The End
We hope now you have gained enough clarity on SAP FICO certification. Finally, you can take the steps mentioned in this post to begin your career in this field. However, we advise you to trust a renowned platform to get training and clear it quickly.
