SAP FICO Online Training by real time experts. Professional level SAP FICO online training available along with SAP server access at economy fee structure.
SAP FICO Online Demo by K.Lakshmana Swamy
One of the foremost and spicy modules of SAP is (FICO) or Financials and controlling module. Lots of users value more highly to dive into the venture for obtaining SAP FICO online training completely. This is often splendidly accepted as an awfully hot and spicy section of SAP and many learners value more highly to endure its technical training. It covers the best technical aspects i.e. Book keeping and management of your business. Lots of organizations are conducting crash SAP FICO training courses to coach their staff. Moreover, the IT department has lots of superlative FICO connected jobs for all those of us who grasp ins and outs of FICO.
Introduction to SAP FICO
SAP stands for Systems, Applications and Products in Data Processing. It is also called ERP software or ERP package.
ERP stands for Enterprise Resources Planning. It is the process of planning for the effective utilizations of the available resources of the company to maximize the profits. Every company will have the following resources.
These are the natural resources and they are not available to the companies plenty. So with the limited resources they want to maximize the profits. For this purpose the company has to plan the utilizations of these resources in such a way that the profits are maximized. So the concept of ERP covers the techniques and procedures which help the business organization to maximize the profits by enabling them to utilize the available resources in the most effective manner.
Benefits ERP systems:
1. It eliminates the data redundancy (it eliminates the data duplication)
2. All the data is available in the common or central data base
3. Data is updated and available in real time
4. One point entry of data: when the data is entered in one department of the organization , then it will update the relevant data in other departments of the organization.
5. Best business practices .
6. Modular system: the separate software are available within same ERP product to manage different departments in the organization.
7. Can be implemented only in the required functions or depart ments
8. Others modules can be integrated later.
9. Mangers can utilize their time in analysis and spend less time in co-ordination effort.
10. It improves the customer satisfaction and quality of the customer service
11. It reduces the idle time
12. We can deal with the multiple languages and currencies.
List of ERP soft wares:
4. JD EDWORD
6. MISCROSOT DYNAMICS etc.
The ORACLE is specialized in the management of finance department. BAAN is specialized in the management of production department. JD EDWARD is specialized I n the management of sales and distribution department. PEOPLESOFT is specialized in the management of HR department. But SAP provides the effective solutions for the management of all most all the departments in the company. It is very user friendly and can be integrated with any other third party soft wares. With the SAP software, we can achieve the high level of integration among the departments in the company. Because of these reasons SAP is the largest used ERP soft ware in the world.
SAP PRODUCT DEVELOPMENT
The sap software was developed by a German company SAP.AG. it was established in the year 1972. Its head quarters are at Waldorf, Germany.
· In 1972 the company has developed the product called SAP R/1 SUITE
· In 1988 the company has developed the product called SAP R/2 SUITE
· In 1995 the company has developed the product called SAP R/3 SUITE.
“R” stands for the real time data processing. Real time data processing means, when we process the data elements, the related data base is instantly updated.
“3” stands for three tier architecture. It refers to the levels of hardware set up we require to use the SAP ERP software. Under the three tier architecture the following three layers are available.
1. Data base server layer
2. Application server layer
3. Cient/ presentation server layer.
Data base server layer: it is the computer system in which the data base is organized or hosted. The data base is managed on the principles of Related Data Base Management systems. Ex: ORACLE, SQL SERVER ETC.
Application server layer. it is the server in which the sap application is hosted . it contains the programming code or processing logic necessary to process the business transaction.
Client/ presentation server layer: all the client systems, used by the employees of the company together is called client or presentation server layer.
Now a days we are suing only the three ties architecture. The advantage or the reason is that we can increase of decrease the size of any layer without disturbing the size of other layers.
The current version sap software is ECC 6.0 EHP 6.
ECC stands for ERP Central component
EHP stands for enhancement package.
There are two types of modules in SAP R/3 SUITE.
1. Functional modules: these include
a. FICO (financial accounting and controlling)
b. MM (materials management)
c. SD (sales and distribution)
d. HR (human resources management)
e. PPC (production planning and controlling)
f. PM (plant maintenance)
g. PS (project systems)
h. REM (rear estate management)
i. WF (work flow)
j. FSCM(financial supply chain management)
k. TRM (treasury and risk management) etc.
2. Technical modules: these include
a. ABAP (advances business application programming language)
b. BASIS (business application software integrated systems)
FI stands for financial accounting. Using the financial accounting component we can prepare the financial statements according to the legal requirements of the country in which the company is registered and doing the business. The following are the sub modules in the financial accounting component.
1. General ledger accounting
2. Accounts payables
3. Accounts receivables
4. Asset accounting.
Co stands for controlling (Cost accounting). Using this component we can provide the information to the middle level management (to analyze the performance) and to the top level management ( to assist in the strategic decision making). The following are the sub modules in controlling component.
1. Cost element accounting
2. Cost center accounting
3. Internal order accounting
4. Profit center accounting
5. Profitability analysis
6. Product costing.SAP FICO Online Training